8 Ways to Save Money Every Day

Marcus Foot By Marcus Foot, 27th May 2014 | Follow this author | RSS Feed
Posted in Wikinut>Money>Money Saving Tips

They say that a dollar saved is ten dollars earned, so it makes sense that you should try to save money in your everyday life and put that money to work paying off your debt.

Here are some painless ways to save money every day that will speed you on your path to debt free living.

1. Use a Shopping List

Before you go grocery shopping, plan ahead. Think what you will be eating and what else you need for your household and write a list.

Supermarkets spend millions of dollars designing their stores to entice you to buy, buy, buy. If you go in unarmed you will waste money on things you don’t really need.

Also, eat before you go shopping because hunger will lead to you wasting money on tempting snacks or junk food.

2. Avoid Buy One Get One Free Offers

These are a waste of money for two reasons.

First they encourage you to buy more of an item than you really need.

Second they are often not true offers because the shops will increase the price of the item and you get a false discount.

Only buy what you need.

3. Buy Own Brand Goods

If you buy something with a brand name, you are wasting money on the maker’s advertising. It doesn’t matter whether it is clothes, cars or food, companies spend millions trying to persuade you to buy their goods and you foot the bill.

You can save a small fortune over the course of a year by switching to own brand products which are often even made in the same factories as the big brand goods.

4.Why Buy New?

There are certain things that we buy that we can find used and save a ton of money on.

Cars are the obvious one, why pay sales tax on a brand new car when you can buy used and put the savings to work for you.

Clothes are another area you can save money. Nowadays even the wealthy are tightening their belts and selling their unwanted items. Thrift shops often have barely worn designer clothes available for a fraction of the price you pay in the shops. Another good place to find good, cheap clothes is the internet, Ebay and Craiglist are the bargain-hunter’s friend!

5. Join a Library

If you read a lot of books why spend money on them that you can use to pay your debts when they are free to borrow at your local library. More and more libraries even lend out ebooks now for reading on Kindles.

If you have friends who read, arrange book-swaps and save that way too.

6. Don’t Waste Food

I know it sounds obvious, but don’t throw away good food. If you have leftovers why not use a crockpot to prepare a delicious meal for when you come home from work. Not only does this save you money, but time as well. I sometimes think my wife loves her crockpot more than me!

7. Clip Coupons

If you are not doing so already, collect coupons wherever you see them. Not only will this save you money, but they can also help pay for the occasional treat, something you would not normally buy.

8. Take Control of Your Power Bills

This is a biggie for me because I spent a number of years advising businesses on energy savings.

I never found a business that couldn’t save 10% or more on their power bills, and the same applies to you.

If you don’t have them already, switch to low-energy lightbulbs. Before you buy them though, check if there is any assistance available in your area. Many local governments are offering grants etc.

Switch the lights off when you leave the room. It costs nothing and the savings add up surprisingly quickly.

Unplug the TV, stereo, DVD, phone chargers when not in use. They all draw current even when on standby.
Turn the heating down one degree in winter and the air conditioning up one degree in summer. If you have more sophisticated controls, make sure you understand how to use them to minimise your energy usage.

Keep your fridge and freezer well-stocked. If they are constantly running, check the door seals aren’t worn and letting the cold escape. While we are at it, do you really need that separate beer fridge?

These are all proven ways to save energy and hence money. Since we moved into our villa our power bill has dropped 40%!

Now you have a number of free or low-cost ways to save money every day. I would love to hear how you get on, so please leave a comment below with your money saving story.

You can find more hints and tips on my website HERE

Tags

Save Electricity Tips, Save Make Money, Save Money, Save Money Easily, Save Money On Food

Meet the author

author avatar Marcus Foot
Expat party host & part-time author living in the Caribbean.
I publish my short stories & other fiction at smashwords.com & why not visit my website debtfreeliving.siterubix.com

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Comments

author avatar Fern Mc Costigan
28th May 2014 (#)

Awesome post as well labeled as one of a kind, cheers!

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author avatar Retired
28th May 2014 (#)

Great article. Thanks

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author avatar Marcus Foot
28th May 2014 (#)

Thanks for the kind comments.
I hope this helps people!

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author avatar snerfu
29th May 2014 (#)

Good article, nice to see things put clearly. Good going Mr Foot.

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author avatar Marcus Foot
29th May 2014 (#)

Thanks snefu

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author avatar Jack Goblin
3rd Jun 2014 (#)

Saving money is one of my favorite hobbies. ;)

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author avatar Utah Jay
29th Jun 2014 (#)

We put money in envelopes for all our shopping needs, when it is gone the shopping is over...Great post.

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author avatar vickylass
14th Jul 2014 (#)

I couldn't agree more with your hints on saving, but I'd like to add up a couple more of them; never go to the supermarket feeling hungry, because they always put on display their daily made on premise bakery upfront. Bear in mind that they always change their items fro their place once in a while, so, we won't go straight to the milk if it's only what we need. If suffering from compulsive shopping, do ask yourself do I really need this? when you take something on an impulse. I really enjoyed yours, anyway. Thanks for sharing.

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author avatar Lee Hansen
22nd Jul 2014 (#)

Sometimes savings are right there in front of us. Thanks for these great tips.

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author avatar Dilshad
11th Aug 2014 (#)

Awesome post, useful information

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author avatar Muhammad Aamir
17th Aug 2014 (#)

Exactly.

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author avatar Muhammad Aamir
17th Aug 2014 (#)

wow it's true these things are the cause of expenses you're right thanks for sharing :)

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author avatar vkg
1st Sep 2014 (#)

Great advice

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author avatar kant123
11th Oct 2014 (#)

Marcus Foot, Thanks for giving advice on how to save money. What money we save, that we earn.

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author avatar Retired
14th Nov 2014 (#)

Some handy tips there, especially about the buy 1 get 1 free offers. Thanks.

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author avatar peachpurple
3rd Aug 2015 (#)

good advice. I don't buy those free one gimmicks often unless I eat or drink it often (milk powder, spaghetti )

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