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Learn These 10 Easy Skills Now And You Can Save A Lot of Money

Learn These 10 Easy Skills Now And You Can Save A Lot of Money

Saving money is a skill all on its own. Since the recession hit, people have come up with some creative ways to save money and have even developed skills to help to do. Here are some easy skills you can use to save you more money.

1. Learn the art of couponing

Couponing is the act of searching and seizing coupons to save you money on groceries. It seems like you’d just pick up the daily newspaper and find some good deals. The truth is you can find coupons everywhere. Inside of stores, in newspapers, and even on the internet you can find coupons and great deals on every day items. If you want to learn how to do extreme couponing, here is a great website to get your started!

2. Learn the art of cooking

Cooking is a great way to save money. When you go out to a fast food restaurant you spend anywhere from $5 to $8 on a meal per person. Using that same money you can create multiple meals. For $8 you can get a half a pound of your favorite protein, sauce, and noodles and make spaghetti which you can then enjoy over the course of three or so meals as leftovers. Eating in means saving money. If you need some help learning how to cook, YouTube has thousands of videos that will teach you how to cook practically anything. Check the video above for a really good introduction to basic cooking.

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3. Learn how to sew

Just because your favorite shirt has a hole doesn’t mean you have to throw it away and buy another one. You could always grab some thread and sew it up. It seems a little frugal but most holes are in the armpits of shirts or the crotch area of pants. These are areas that people often do not see or look at so practically no one will know there is a hole there that’s been sewn up. Sewing kits are cheap but the skill can be hard to master. The video above is a great tutorial on learning to sew by hand. If you use a sewing machine, here’s a great video for beginners.

4. Do some of your own housework

Contractors can be expensive and there are a lot of household tasks that may not require one. If you learn how to unclog your drains then you can save hundreds of dollars on a plumber. You can also do things like patch holes in drywall, reseal windows, mow your own lawn, and other small things around the house. If you pay someone $20 every two weeks to mow your lawn, you end up saving around $200 per year. That’s enough to buy a lawn mower and gas to run it. The YouTube channel expertvillage has a host of DIY home improvement videos that’ll teach all sorts of amazing skills.

5. Learn how to write

Proper writing techniques won’t save you money but it may help you make money. Writing is still a major form of communication and the people who can write the best have an advantage. You may even be able to land a blogging job with an awesome advice blog and make a couple of extra bucks teaching people skills they can learn to save themselves money. You can also do things like creating your own resume or write your own cover letter without paying someone else to do the job for you. Here is an amazing website that puts writing into perspective and will help you write better content.

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6. Learn how to haggle and negotiate

easy skills

    A lot of people poke fun at those who haggle or negotiate prices but they don’t tell you is that those people get nicer things for less money and have more money left over. This skill can come in handy when you go to garage sales or flea markets. It can also come in handy when you buy things on eBay or Craigslist. You may be getting a seriously good deal on that couch for $50 at the garage sale but you could walk away with the couch and some smaller items for the same price. New York Magazine has a great article to help you learn how to haggle with class.

    7. Learn how to budget

    This is one of the hardest skills for adults to learn but it’s also one of the most valuable. A lot of people operate on the premise that they get a paycheck and thus always have money to spend. That isn’t true at all. Many people underestimate how much their bills, gas, and food will cost. Then that $25 lunch you went to is the last $25 you had in your account. You can save a lot of money by budgeting because it teaches you self control and you won’t spend so much on stuff you don’t need. Here is a great guide to basic budgeting.

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    8. Learn how to sell

    Learning how to market your own items and yourself can make you money. For instance, I have a wood and glass coffee table to my immediate right. Right now I could get $20 out of it. With a little elbow grease I can clean it up and easily sell it for $40 when it’s all cleaned up. That’s extra bucks. You will spend your life selling things. Whether it’s in garage sales or selling yourself to your future job with your resume and cover letter, you should learn how to sell. Here is an article from Business Insider that help teaches you the basics of selling.

    9. Learn to fix your broken things

    This one is absolutely essential because this is where the biggest expenditures come from. Getting your oil changed doesn’t cost much but you can still do it cheaper yourself. If your hard drive dies in your laptop, you can replace it for the cost of a new hard drive instead of buying a brand new computer. I once took apart an Xbox 360 and dusted the inside of it to fix an overheating problem that was caused by clogged fan vents. Repair services and replacement can cost you thousands of dollars depending on the item. Proper maintenance and doing simple repairs can save you a boat load of money. This is a harder one to link up because there is no universal tutorial for fixing everything. Your best best is to search YouTube and Google for how to fix the broken item.

    10. Streamline your entertainment

    This is an amazing skill to learn. By streamlining your entertainment costs you can cut down immensely on your entertainment bills. Look for cheaper cable deals from other providers or begin looking into cutting the cable. At my last apartment, our cable and internet ran us about $120 per month. Now we have faster internet for $70 along with Netflix and Hulu for about $15 per month. It’s not huge savings but every penny counts. Books are always free at your local library. You can get a newspaper subscription for very cheap these days. You can also go for walks, visit nearby parks, or get a board game. It sounds a little lame but board games have a nearly infinite return on investment as long as you take care of all the pieces. It’s a hard skill to quantify or learn but it’s a valuable one.

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    There is no one method that will save you hundreds of dollars per month. You may see some places claim that it’s possible but it really isn’t. With skills such as these, you can save yourself quite a bit of money every month. It essentially boils down to depending on others less, depend on yourself more, and keep an eye out for good deals. Best of luck!

    Featured photo credit: Cloud Front via dmpmnxvfdwr3.cloudfront.net

    More by this author

    Joseph Hindy

    A writer, editor, and YouTuber who likes to share about technology and lifestyle tips.

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    Last Updated on March 4, 2019

    How to Use Credit Cards While Staying Out of Debt

    How to Use Credit Cards While Staying Out of Debt

    Many people will suggest that the best thing to do with your credit cards during these tough economic times is to cut them up with a pair of scissors. Indeed, if you are already in huge debt, you probably should stop using them and begin a payback strategy immediately. However, if you are not currently in trouble with your credit cards, there are wise ways to use them.

    I happen to really love my credit cards so I will share with you my approach to how I use mine without getting into deep financial trouble.

    Ever since about 1983 when I got my first Visa card, I continue to charge as many of my purchases as possible on credit. Everything from gas, groceries and monthly payments for services like my cable and home security monitoring are charged on credit. Despite my heavy usage, I have maintained the joy of never paying any interest fees at all on any of my credit cards.

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    Here are some tips on how best to use your credit cards without falling into the trap of paying those nasty double-digit interest fees.

    Do Not Treat Credit Cards as Your Funding Sources

    Too many people treat their credit cards as funding sources for major purchases. Do not do this if you want to stay out of trouble. I use my credit cards as convenient financial instruments so I do not have to carry around much cash. In fact, I hate carrying cash, especially coins. When you buy things on credit, the purchases are clean and you will not get annoying coins back as change.

    I do not rely on my Visa, MasterCard or American Express to fund any of my purchases, large or small. This brings me to my golden rule when it comes to whether I will pull out any of my credit cards either at a retail or online store.

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    I never purchase anything with my credit cards if I do not have the actual cash on hand in my bank account.

    If I really cannot pay for the item or service with cash that I already have at the bank, then I simply will not make the purchase. Remember, my credit cards are not used as funding sources. They are just convenient alternatives to actual cash in my pocket.

    Make Sure to Always Pay Off Balances in Full Each Month

    The next very important part of my overall strategy is to make absolutely sure that I pay the balances in full each and every month no matter how large they are. This should never be a problem if the cash has been budgeted for my purchases and secured in the bank. I have always paid my full balances each month ever since my very first credit card and this is why I never pay interest charges.

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    Using Credit Cards with Rewards

    Most of my credit cards are of the “no annual fees” type, including one MasterCard on a separate account I keep at home as a spare in case I lose my wallet or incur any fraudulent charges. However, I do use a main Visa card which does have an annual fee because all purchases on that card reward me with airline frequent flyer points. For me, the annual fee is worth it since I do travel and I get enough points to redeem many free flights.

    You have to decide for yourself if you will charge enough purchases on credit each year without paying interest charges to warrant a credit card that rewards you with airline points (or other rewards). In my case, the answer is “yes” but that might not be the case for you.

    I occasionally use a MasterCard or American Express card on small purchases just to keep those accounts active. Also, I have been to the odd retailer that accepted only a certain type of credit card, so I find that having one from each major company is quite handy. Aside from my main Visa card which earns the airline points, the rest of my cards are of the “no annual fees” variety.

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    So this is how I use my credit cards without getting into any financial trouble with them. This strategy is recommended only if you are not in debt, of course. In fact, it is worth keeping in mind once you’re out of debt so that you can keep your credit cards active and treat them responsibly.

    What are your credit card usage strategies? Let me know in the comments — I’d love to hear what methods you use.

    Featured photo credit: Artem Bali via unsplash.com

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