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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

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    Joseph Hindy

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

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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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