Advertising
Advertising

7 Money-Saving Hacks For Book Lovers

7 Money-Saving Hacks For Book Lovers

As a voracious reader and tremendous book lover, you probably frown at the end of the month when you look at your grand total spent on books. Reading is an awesome habit, but sadly books don’t come for free (though I believe they should!). However, by following these 7 hacks you can drastically cut down your book expenses at no time!

1.  Sign up for loyalty programs and memberships

These days most big name bookstores (regular and online) offer special significant discounts and other perks to their loyalty program members. For instance, Barnes and Nobles membership card that costs $25 per year gives you the next cool benefits:

  • 40% off listed price for bestseller books
  • You are eligible for Everyday Member discount, so you can grab new discounted books and other products every day.
  • Free express shipping (1-3 days)
  • $50 worth of coupons, special deals and discounts
  • Permanent extra discount of 10% for all items on sale and everything else.

Also, you get 10% discount for all foods and drinks at their coffee shop and unlimited free wi-fi access. Your card pays off after about fourth shipping, so it’s a terrific value for money deal.

Advertising

BAM (Books a Million) also have a great membership program that includes free shipping, 10% in-store discount, $100 in coupons and special deals, free unlimited wi-fi at their store and much more for just $25 per year.

If you prefer reading online, get a membership with Discount Book Sale. For about $20 per month you get unlimited online access to thousands of books, free shipping and up to 30% discounts.

2. Master couponing and never pay full price again

Why you should pay full price when you can pay less if you browse around the web a bit? There are numerous coupons and discount codes available for book purchases out there. Check out sites like Discontrue, BeFrugal and Coupon Chief to score some major discounts and even get cash backs for the books you’ve bought (so you could buy even more books, obviously!).

Advertising

3. Organize a book swap

If you’d like to declutter your house and get new books to read for free – a book swap is the best way to do it! You can either ask your friends, co-workers and family to take part and swap or trade books or reach out to other book lovers out there through the web. TitleTrader allows you to swap books and DVDs with other users. You earn points when you give away something and spend them for getting something new instead. PaperBackSwap allows you to swap books by mail. For each book you send (postage is for you to cover), you earn credit to receive a book.

4. Visit the local library

I think of public libraries as hugely underestimated caves of wonders where you can get your hands onto glossy Taschen books you couldn’t afford or flip pages of really rare editions that could only be found at flee markets (if you get lucky).

In France, even small cities have one or two public Médiathèques as they are now called where you can get a free membership to take books, magazines and movies home or just spend the whole day in a cozy chair reading for free. Some even have free wi-fi and vending machines with snacks. You can find all sorts of books there in different languages including English, Spanish, German and others.

Advertising

5. Buy directly from the author

Nowadays, most authors run their personal blogs or websites where they typically sell newly released books for lower price compared to those you can find at regular bookstores or online. Most authors even offer special discounts and additional bonuses if you connect with them.

For instance, Jeff Goins offered a special price and extra audio version of his new book to his newsletter subscribers. A lot of authors host giveways you can enter by tweeting about it or posting it on Facebook and get the book for half price or even free!

6. Find the classics online for free

I know for some of us it sounds cool to have hard copy editions of Shakespeare or Dickens proudly standing on the book shelve. But for a frugal type like me, who also happens to move pretty often, having a huge home library full of classics isn’t an option at all. That was when I discovered Project Gutenberg – a public domain library with over 46.000 ebooks to download for free. Good old classics mainly published before 1923, meaning the copyright law protecting them has expired.

Advertising

Another great website to get free books from is DailyLit. Each day they’ll send you bite-sized parts of books right into your inbox to read during your coffee break or morning commute. Just set up an account and choose books from a rather extensive library. Most books are free, while the newest editions may cost you a few dollars.

7. Make mindful purchases

Isn’t it a bit frustrating when you read a professionally written book description and plot summary, feel all so giddy with excitement and pay the full price for the book, to later realize the author has a damned great copywriter, but his own text are rather disappointing? You not only waste money, but your time!

To avoid this happening, I typically visit Amazon and pre-read a few pages (for free), screen the reviews there and on Goodreads. Also, if the author runs a blog, you can typically download a chapter or few for free.

Also, loads of authors host read meetings, webinars and interviews (online and offline) where they talk about their new book and often read or quote some parts. Attending all of them is another great way to have a free sneak-peak inside the book and connect with the author. Typically, if I like how the person speaks and expresses their opinion, their writing turns to be highly delightful as well.

More by this author

Elena Prokopets

Freelance Writer

22 Amazing Pineapple Health Benefits (With Simple Pineapple Recipes) 15 Cool And Practical Apps For Couples 14 Things No One Tells You About Being in a Long-Distance Relationship 9 Tips to Prepare For Your First Multi Day Hike 10 Tips For Traveling in Europe With Class on a Budget

Trending in Money

1 The Best Ways to Save Money Even Impulsive Spenders Can Get Behind 2 How to Answer the Tough Question: What are Your Salary Requirements? 3 How Personal Finance Software Helps You Get More Out of Your Money 4 The Definitive Guide to Get Out of Debt Fast (And Forever) 5 35 Real Ways to Actually Make Money Online

Read Next

Advertising
Advertising

Published on November 20, 2018

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The truth is, there are many “money saving guides” online, but most don’t cover the root issue for not saving.

Once I’d discovered a few key factors that allowed me to save 10k in one year, I realized why most articles couldn’t help me. The problem is that even with the right strategies you can still fail to save money. You need to have the right systems in place and the right mindset.

In this guide, I’ll cover the best ways to save money — practical yet powerful steps you can take to start saving more. It won’t be easy but with hard work, I’m confident you’ll be able to save more money–even if you’re an impulsive spender.

Why Your Past Prevents You from Saving Money

Are you constantly thinking about your financial mistakes?

If so, these thoughts are holding you back from saving.

I get it, you wish you could go back in time to avoid your financial downfalls. But dwelling over your past will only rob you from your future. Instead, reflect on your mistakes and ask yourself what lessons you can learn from them.

It wasn’t easy for me to accept that I had accumulated thousands of dollars in credit card debt. Once I did, I started heading in the right direction. Embrace your past failures and use them as an opportunity to set new financial goals.

For example, after accepting that you’re thousands of dollars in debt create a plan to be debt free in a year or two. This way when you’ll be at peace even when you get negative thoughts about your finances. Now you can focus more time on saving and less on your past financial mistakes.

Advertising

How to Effortlessly Track Your Spending

Stop manually tracking your spending.

Leverage powerful analytic tools such as Personal Capital and these money management apps to do the work for you. This tool has worked for me and has kept me motivated to why I’m saving in the first place. Once you login to your Personal Capital dashboard, you’re able to view your net worth.

When I’d first signed up with Personal Capital, I had a negative net worth, but this motivated me to save more. With this tool, you can also view your spending patterns, expenses, and how much money you’re saving.

Use your net worth as your north star to saving more. Whenever you experience financial setbacks, view how far you’ve come along. Saving money is only half the battle, being consistent is the other half.

The Truth on Why You Keep Failing

Saving money isn’t sexy. If it was, wouldn’t everyone be doing it?

Some people are natural savers, but most are impulsive spenders. Instead of denying that you’re an impulsive spender, embrace it.

Don’t try to save 60 to 70% of your income if this means you’ll live a miserable life. Saving money isn’t a race but a marathon. You’re saving for retirement and for large purchases.

If you’re currently having a hard time saving, start spending more money on nice things. This may sound counterintuitive but hear me out. Wouldn’t it be better to save $200 each month for 12 months instead of $500 for 3 months?

Advertising

Most people run into trouble because they create budgets that set them up for failure. This system won’t work for those who are frugal, but chances are they don’t need help saving. This system is for those who can’t save money and need to be rewarded for their hard work.

Only because you’re buying nice things doesn’t mean that you’ll save less. Here are some rules you should have in place:

  1. Save more than 50% of your available money (after expenses)
  2. Only buy nice things after saving
  3. Automate your savings with automatic bank transfers

These are the same rules that helped me save thousands each year while buying the latest iPhone. Focus only on items that are important to you. Remember, you can afford anything but not everything.

How to Foolproof Yourself out of Debt

Personal finance is a game. On one end, you’re earning money; and on the to other, you’re saving. But what ends up counting in the end isn’t how much you earn but how much you save. Research shows that about 60% of Americans spend more than they save.[1]

So how can you separate yourself from the 60%?

By not accumulating more debt. This way you’ll have more money to save and avoid having more financial obligations. A great way to stop accumulating debt is using cash to pay for all your transactions.

This will be challenging, depending on how reliant you are with your credit card, but it’s worth the effort. Not only will you stop accruing debt, but you’ll also be more conscious with what you buy.

For example, you’ll think twice about purchasing a new $200 headphone despite having the cash to buy them. According to a poll conducted by The CreditCards.com, 5 out of 6 Americans are impulsive spenders.[2]

Advertising

Telling yourself that you’ll have the discipline to not buy things won’t cut it. This is equal to having junk food in your fridge while trying to eat healthy–it’s only a matter of time before you slip. By using cash to make your purchases, you’ll spend less and save more.

A Proven Formula to Skyrocket Your Savings

Having proven systems in place to help you save more is important, but they’re not the best way to save money.

You can search for dozens of ways to save money, but there’ll always be a limit. Instead of spending the majority of your effort saving, look for ways to increase your income. The truth is that once you have the right systems in place, saving is easy.

What’s challenging is earning more money. There are many routes you can take to achieve this. For example, you can work long and hard at your current job to earn a raise. But there’s one problem–you’re depending on someone else to give you a raise.

Your company will have to have the budget, and you’ll have to know how to toot your own horn to get this raise. This isn’t to say that earning a raise is impossible, but things are better when you’re in control right? That’s why building a side-hustle is the best way to increase your income.

Think of your side-hustle as a part-time job doing something you enjoy. You can sell items on eBay for a profit, or design websites for small businesses. Building a side-hustle will be on the hardest things you’ll do, be too stubborn to quit.

During the early stages, you won’t be making money and that’s okay. Since you already have a source of income, you won’t be dependent on your side-hustle to pay for your expenses. Depending on how much time you invest in your side-hustle, it can one day replace your current income.

Whatever route you take, focus more on earning and save as much as possible. You have more control than you give yourself credit for.

Advertising

Transform Yourself into a Saving Money Machine

Saving money isn’t complicated but it’s one of the hardest things you’ll do.

By learning from your mistakes and rewarding yourself after saving you’ll save more. What would you do with an extra $200 or $500 each month? To some, this is life-changing money that can improve the quality of their lives.

The truth is saving money is an art. Save too much and you’ll quit, but save too little and you’ll pay for the consequences in the future. Saving money takes effort and having the right systems in place.

Imagine if you’d started saving an extra $100 this next month? Or, saved $20K in one year? Although it’s hard to imagine, this can be your reality if you follow the principles covered in this guide.

Take a moment to brainstorm which goals you’d be able to reach if you had extra money each month. Use these goals as motivation to help you stay on track on your journey to saving more. If I was able to save thousands of dollars with little guidance, imagine what you’ll be able to do.

What are you waiting for? Go and start saving money, the sky is your limit.

Featured photo credit: rawpixel via unsplash.com

Reference

Read Next