How to Save Money

in #saving5 years ago (edited)

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  1. Do not spend your money on frivolous things.

  2. Budget your money.

  3. Unplug appliances when not in use.

  4. Do not buy new gadgets just because it is the latest that is released. Only buy gadgets when the old one does not work anymore.

  5. Sell scrap items. Bring old bottles, paper, metals, wood, and plastic bags to the junk shop.

  6. Put your money in a piggy bank.

  7. Deposit your money in the bank.

  8. If you can, save at least 50 percent of your money.

  9. Cook your meal at home instead of dining out.

  10. Pack lunch for school or work.

  11. Buy at thrift shops.

  12. Purchase your things and groceries at the dollar stores.

  13. Take advantage of the buy one, take one stuff.

  14. When grocery shopping, always look at the top shelves and bottom shelves. Many low-cost items are in there.

  15. Go to the discount items aisle.

  16. Apply for other jobs for you to earn more money.

  17. Engage in side hustles.

  18. Start a business. You can start with a small budget, e.g. sell the cupcakes you baked.

  19. Book your flights whenever there are promos.

  20. Take care of your stuff so that you won’t have to buy a new one every time.

  21. Do not buy things just to show off.

  22. Avoid being in debt.

  23. Avoid using the credit cards.

  24. If you can, buy instead of renting.

  25. Do not be friends with freeloaders.

  26. Do not give a loan to anyone.

  27. Fix leaking water pipes.

  28. Bring a jug or bottle of water to work or school.

  29. Sell items that you don’t need.

  30. Do not buy branded or luxurious items.

  31. Turn off the faucet when not in use. Use a glass when brushing your teeth.

  32. Buy classic styles of clothes. In that way, you can mix and match with a few pieces of clothing.

  33. Be a minimalist.

  34. Do not keep up with the Joneses.

“We buy things we don't need with money we don't have to impress people we don't like.” ― Dave Ramsey

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