When you’re on the grind, nothing is worse than seeing all your hard-earned cash slip away. Sometimes, however, that’s just what seems to happen – however hard you try.
Thankfully there are some simple things you can do to keep more money in your pocket. Who wouldn’t want to save as many extra dollars as possible to put towards the things that really matter? As we’ve discussed on this site before, sometimes saving money is better than earning it.
With that in mind, here are five tried and tested things you can do to save money on an ongoing basis, all of which will contribute to making sure you have a little more cash to spread around:
1. Digital Couponing
Everybody has essential purchases to make, but there’s almost always some potential saving to be made on them. Digital couponing in any form is a great way to save on your monthly budget.
Gone are the days when you had to sit down and search through stacks of mailers to save fifty cents on a pack of pasta. Digital coupons are where its at nowadays.
Browser extensions such as Qmee (see review) and Pouch can watch what you’re looking at online and search for coupons on the spot. Or you can go to websites that gather digital coupons all in one place, and search for the store you want to shop in.
2. Pay your Bills on YOUR Schedule
When you’re working month to month or waiting for freelance invoices to be paid, it’s sometimes difficult to lay your hands on a large chunk of money at one specific point. However, if you reach out to companies you deal with, you could find there’s far more flexibility available to you than you thought.
You could simply shift the day that regular payments leave your account to give you a little more breathing space. Or, in the case of debts, you might even find yourself able to restructure your payments entirely.
Life can be made far less stressful by ensuring different bills are payable at different points in the month. Changing some payments from once per quarter to once per month can be similarly helpful. Companies ultimately want you to remain a loyal customer – so they’re usually happy to help.
3. Don’t Be Loyal!
Taken out of context this may sound bad – but when it comes to saving money it’s true: Don’t stick to a company just because you feel you have to or because it’s simpler. It’s always worth searching for cheaper prices on phone plans, insurances and internet packages. Switching providers all the time can be a bit of a hassle, but it can save you a considerable amount of money.
Sometimes different companies will even cover your termination costs to get you to move over to their service. Just type “cheap car insurance quotes,” “phone deals” or “lower cable costs” into your search engine and it will quickly become apparent how many companies are fighting for your business.
This is an obvious money saver that’s easy to overlook. This is mostly because the most friction-free route is not to switch anything at all! This ease of doing nothing is what companies count on to continue to take your money. You deserve to keep as much of your money as possible – so don’t let the big companies win!
On several occasions, I’ve dedicated a day to reviewing regular payments and subscriptions. By combining switching providers with making the best of deals from cashback sites, it’s often possible to save a significant sum, making that day of “switching work” pay for itself several times over.
4. Set up a Warehouse Shopping Group
It’s no secret that buying in bulk is a great way to save. But if your household only consists of one or two people, you don’t actually need a four-pound bag of lettuce to get you to your next grocery run! Sometimes, buying in bulk just means paying to put things in the garbage. This is where a warehouse shopping group can come in.
Warehouse stores, which sell bulk products cheaply, often have membership fees and cards. These discourage non-frequent or smaller shoppers from investing. But have you considered chipping in with some friends or family members for the membership? Then you could all shop together to split your bulk purchases.
Also, warehouse stores often have deals on non-grocery items. This makes memberships an even better deal. Talk to your friends about it – because you can be sure guarantee nobody likes to spend more than they really have to.
5. Get as Much Free Stuff as you Can!
When it comes to saving money, getting things for free is about as good as it gets. And it’s actually surprisingly easy.
Whether you join product tests to get free goods in return for reviewing them, or participate in mystery shopping schemes and earn while you shop, there are plenty of ways to get your hands on free goodies, and we’ve written a guide to doing so here.
No matter what you do to cut costs, good luck making that dollar stretch as far as it can. The more you save, the less you need to earn to live the life you want.