For New Year’s, you made a resolution you would save more money for the summer.
It’s summer now! However, your savings for the last half-year could have been better. You know it.
It’s important to start following the commandments of saving if you haven’t already. You must develop a foundation to be financially smart. Being broke isn’t a good feeling and the pressure of not having much in your savings account can be stressful.
In order to truly save money, take all options into consideration. For instance, if you run a small business of your own, would you not first compare business credit cards before you apply for one? Similarly, you want to go with the best options out there for your lifestyle when it comes to saving money.
What are a few simple and creative ways to save money?
#1: Only Run Full Loads
Ask yourself, how many times do you run your dishwasher when there is room for more dishes? How many times do you run your clothes washer just because you had to wash a few towels? If your answer is “often,” you need to stop right away. When you run full loads, it helps you save on your water and electricity bills.
#2: Use Less
There’s something about using less that makes it so difficult, but when you do it, it’ll help you save money in the long run. Whether it’s the coffee you’re loading in your filter or the cleaning products that you spray in excess to clean your kitchen, by trying to use “less”, you’ll be able to save “more”. It’s usually surprising to see how taking such tiny steps to save money can add up and lead you towards a financially secure future.
#3: Use the Internet
Use the internet to find what you need. Stores often raise their prices in order to make as much profit as possible. This doesn’t stop with clothes and accessories – this includes non-material things and your money. You can find credit card deals, the best savings account rates, and online deals for huge retail stores. Make sure to take advantage of the many deals and savings online.
#4: Consider Swapping
Ever thought about becoming a swapper? If not, then you should think about it. You can not only swap clothes with your girlfriends but maybe also swap babysitting services with other families in the neighborhood. This is how you get things done without really spending any money on them, which lets you save more easily.
#5: Unplug All Devices
Your appliances keep drawing energy when they’re plugged in – even when not in use. This is commonly known as a the “Vampire Power” where the power gets sucked in all the time a device is plugged in. The solution is to unplug everything. If you can’t afford to do that, use power strips to take care of the phantom loads.