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15 Fun Ways To Save Money (Instead Of Using Piggy Banks)

15 Fun Ways To Save Money (Instead Of Using Piggy Banks)

Saving money is just one of those necessary evils, but it doesn’t have to be a mundane task. Put the change counter and the piggy bank in the back of the closet, and use these 15 fun ways to help save money:

1. Take Out Cash

Rather than relying on your debit card for transactions, take out cash at the beginning of the week. Decide on a specific amount you are willing to spend per week, take it out in cash and leave your account alone. This will keep you from spending too much, which is easy to do with a debit card. It will also help you make sound decisions on what to spend your money on. With limited weekly funds, eating out four times won’t seem so appealing anymore.

2. Save Your 5’s

Once you’ve taken out cash, decide on a denomination to save. Let’s work with 5’s. Here’s an example: You go to the movies and pay with a twenty. The cashier hands you back a 5 and 5 ones. Take the 5-dollar-bill and stash it away. If you do this every time you spend money, you’ll have a nice little stash in no time.

3. Nix the Cable

With services like Hulu, Netflix, and Apple TV, cable isn’t a necessity anymore. With Apple TV, you pay for the device and have access to most major networks. Hulu and Netflix require a monthly fee, but even if you paid for both, the cost won’t add up to a monthly charge for cable.

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4. Grow Some Veggies

Even city-dwellers can start a vegetable garden. Make a list of the staple vegetables you keep around the kitchen, and then do some research on growing your own. This will save a little change at the grocery store, and it might even become a therapeutic activity for you.

5. Swap Clothes

Do you have a friend or family member that wears the same size as you? Consider doing a clothing swap rather than buying a new outfit for a party or event. Chances are, you’ll only wear that outfit once or twice, so borrowing will save you money and room in your closet. Need a fancy outfit for a dinner or convention? Consider renting it.

6. Make Your Own Household Cleaning Supplies

Not only is making cleaning supplies cost-effective, but it’s also eco-friendly. With some vinegar and a little borax you’ve got yourself an all-purpose cleaner in no time. Use this recipe for a homemade laundry detergent, and each load will only cost about $0.04.

7. Set Up Auto-Draft

Some companies and financial institutions are willing to offer a discount if you set up auto draft payments. Before sign up for service or take out a new loan, ask the company if they offer a discount for auto draft.

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8. Use Layaway Instead of Credit Cards

Layaway is an interest-free way to pay for a large purchase. Many box stores as well as some smaller retail locations offer a layaway option. If it isn’t something you need right now, consider using layaway rather than a credit card.

9. Look for Free Activities

Skip the movies at the theater and head to movies in the park. Many cities offer a host of free activities, especially in the summer months. Use social media tools and the web to find listings for community activities and make your date night a little cheaper. This will also push you to do something new or different, which will broaden your horizons and help you meet new people.

10. Pay for Your Bad Habits

Choose a bad habit of yours that you’d like to get rid of. Take a jar and label it with that bad habit. Select a denomination to put in the jar every time you find yourself partaking in said bad habit. Let’s take slouching for instance. If you want to correct this habit and sit up with a straight spine, label your jar “Slouch Habit”, and place $1 in the jar every time you catch yourself slumping down in your seat. You’ll save a little money and hopefully get rid of that little habit.

11. Cook More

It depends on who you ask, but generally you can save money if you cook more rather than eat out. It’s also healthier (most of the time).

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12. Use Your Rewards

If you plan to use your credit cards, make sure to take advantage of the rewards. Most cards have a points or percentage system that you can use for goods, gift cards and even cash back. Use your credit cards for what you’d normally spend cash on- groceries, gas, etc. Put the money aside to pay off the credit cards immediately, and you save yourself from interest charges while still getting the points.

13. Shop Garage Sales

Need a new dining room table or bookshelf? Instead of buying new, look around at local garage sales to see if you can find something that works. You might find something that just needs a little refinishing. This can turn into a fun project and save you money as well.

14. Start Couponing

Extreme couponing has become quite the trend, but it can really save you quite a bit of money if you know how to do it. Since the coupon craze is in full swing, finding info online or even a class in your area shouldn’t be hard.

15. Stop Paying for Delivery

Having your food delivered means tipping the driver. Instead of ordering delivery, pick up your food to avoid the extra cost of a tip. Some businesses actually charge a delivery fee as well, so you can avoid this by making the trip to the restaurant.

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Do you have any other ideas for fun ways to save? 

Do you overspend? Check out 15 Ways to Eat Free That You Probably Didn’t Know.

Featured photo credit: Vintage Grow Your Money/www.stockmonkeys.com via flickr.com

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Last Updated on June 26, 2020

25 Easy Tips on How to Save Money Fast

25 Easy Tips on How to Save Money Fast

“How to save money fast?” This is the question asked by all of us not in the top 1% of rich people.

If you are looking for ways to drastically reduce your expenses immediately, first look at what you need to spend money on every week. And I mean really need.

You don’t really need to order in food. You don’t really need to buy expensive perfume.

Building from that, you can work out how your regular expenses can be reduced.

As for irregular expenses, they can also be deceptively costly in the long run. Once-off buys can also be tackled with some prudent planning and a little extra research.

And remember: a budgeted lifestyle does not mean a bad or boring one!

But first, understand what budget you can cut down on daily:

  • Regular expenses for the average adult (can be trimmed but not eliminated):
    • food
    • rent/mortgage
    • cell phone
    • insurance
    • socializing/entertainment
    • transportation
    • hygiene products
    • household bills
  • Irregular expenses for the average adult (can be eliminated or cut down a lot):
    • travel
    • clothing
    • medication (*depends)
    • grooming (hair, nails etc.)
    • gifts

Now, let’s dive right into the 25 ways to save money fast:

Save Money on Food

1. Bring a stock of food to the office/work

Instead of popping out for an overpriced salad and a smoothie, leave a set of basic utensils at the office as well as a stock of non-perishable goods such as tinned fruit, tuna, rice crackers and so on (try to avoid the junk food and this can turn into a pretty great diet!).

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Stocking up means you won’t forget or say “I didn’t have the time” when you rushed out to work in the morning.

2. Buy the store-brand version

Many basic foods, such as bread and milk, will taste exactly the same as their branded alternatives. Go for stuff with minimal additives and preservatives. Meat in a tube is probably insanely unhealthy!

3. Eat cheaper cuts of meat

Learn how to tenderize and flavour cheaper meat and fish, and save on the (typically) most expensive item on your grocery bill.

4. Have group dinners

If 10 friends put $5 each in the kitty, it’s pretty easy to make a giant lasagne and get refreshments, as well as hang out with your favourite people.

Save Money in Transport

5. Get a bicycle

Save on gas money and bus/metro fares with this underrated mode of transport.

6. Use public transport and/or don’t get taxis

Some places can only be reached by car. But as a good practise, check your public transport website and see if any routes pass nearby where you need to get to. Walk as much as you can.

7. Find the cheapest gas

Regularly check out where the cheapest gas can be bought.

Save Money in General Shopping

8. Shop online

Not only will you save on the gas or transport fares from going to the shopping mall but you will also find better deals

9. Sell your old stuff

Get your unwanted belongings up on eBay ASAP and earn a few dollars.

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Here’re more ideas for you: 25 Things to Sell to Make a Lot of Money

10. Bulk buying stores

For regular non-perishable/slow perishable purchases such as toilet paper, cat food, pasta, washing powder and so on, do an epic stocking-up trip to a co-op or equivalent (my mum used to go to a place that restaurants buy from).

Be wary of supermarket “deals”, as some have been found to be fraudulent after working out a simple calculation.

11. Become a flea market/car boot sale/street market guru

You can find original gifts and develop good negotiation skills at these places.

12. Generic brand medication

More often than not, the generic version of paracetamol and other basics work the same as the branded version.

13. Choose deodorant, not perfume

It blows my mind when someone drops $70 on a bottle of spray. Stick with a nice deodorant, and not only will you smell just fine but you’ll be sweat-free as well!

Cut Down on Household Expenses

14. Printing

Ink is one of the most expensive substances in the office and coloured ink is doubly so. B

e more efficient and choose black and white, and if your printer doesn’t have a print-both-sides options, just print odd pages first, re-insert the paper and print even pages.

Expand the margins of what you are printing as often as you can to save on paper.

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15. Minimize SMS and phone calls

A combination of a free chat service such as WhatsApp and a free call service such as Skype can reduce your bill to nothing (so long as you have a decent Wifi connection).

16. Shop around for insurance

Most people don’t spend enough time searching for the best insurance deal.

Keep a watchful eye out for deals and new competitors in the market.

17. Try re-negotiating your rent/mortgage

If you have built up a good credit history or a good rapport with your landlord, then chances are a frank chat about needing to tighten your spending could result in lowering your payments. You’ve nothing to lose from trying.

18. Don’t get a TV

Invest in a computer/laptop and an internet-only package. You can watch more (and often better) entertainment on the web, and skip the advertisements as well.

19. Pool your internet bill with a neighbour

My apartment building is basically a big old house split into three apartments. There are five of us in total. We pool the internet bill, making it crazy cheap.

Save Money in Socializing, Entertainment And Travel

20. Have house parties

Instead of paying for overpriced drinks, set up a series of in-house get-togethers with your friends. Everyone takes a turn, so it’s not always your house that needs cleaning.

For sound insulation, hang heavy drapes on the walls and windows. For music, invest in a good second-hand set of speakers which you can connect to your computer. Let Spotify or Grooveshark playlists do the rest.

21. Open festivals, meetups and events

It never fails to surprise me how much underground stuff goes on around me for free or for very cheap. Find out who runs the blogs and websites that list all the less well-known cultural activities.

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22. Volunteer

If you can’t pay for a ticket, volunteer and get to be there anyway.

23. Housesit

There are multiple housesitting websites offering you the possibility to avoid paying hotels and skip the discomfort of crummy hostels.

Save Money on Hygiene and Beauty

24. DIY beauty

French manicures, pedicures, waxing, eyebrows… pretty much all of these can be achieved at home (and done well) with some practise. There are plenty excellent blogs and YouTube tutorials to help.

25. Fewer haircuts/volunteer at a trainee hairdresser

If you can’t bear the risk of a trainee touching your locks, learn more ways to manipulate your hair as it grows and get haircuts sparingly. Women’s haircuts are outrageously priced in many cities.

Bonus: Effective Money-Saving Tips for Everything

Here’s a summary of what you can generally do to save more money:

  • Share/pool resources. Organize a neighbourhood sharing scheme, common resources for your apartment block or with your friends. Not everybody needs an individual lawnmower.
  • Buy energy-saving everything. The easiest way to lower your bills – replace those lightbulbs!
  • Buy in bulk. Be sensible about it (i.e. make sure you have space!), and drastically reduce weekly expenditure.
  • DIY. Skill up using YouTube tutorials on plumbing and many other essential services so you never have to pay for simple problems again.
  • Research a lot before making a decision. Most money-wasting is the result of poor preparation and planning. Don’t shirk this part just because you don’t like it!
  • Use your network. Your network is full of resources that can ease the pain of budgeting. Ask for help.
  • Stop and think. Do I really need it?

Unfortunately, there are some things that require plain ol’ giving up for the time being. This can include high-cost sports such as skiing, the latest versions of some technologies, the finest brands of food/drinks, premier seats at the opera and most other indulgences.

What is important to remember during lean times is that when you look back on your life, it will be the experiences that stand out, not the extra comforts.

Living on a budget can teach you a lot about how much you can really get out of your paycheck. We only live one life, so make the most of every penny you earn!

More Tips for Personal Finance Management

Featured photo credit: Unsplash via unsplash.com

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