It’s no secret that things today cost a lot more than they used to even just five years ago. Many of us are finding it tough to keep up with our financial commitments, despite earning good enough wages.
If that sounds like you, the good news is that you’re not alone. The even better news is that there are plenty of ways to save money in your household! In today’s blog post, I will share with you twelve incredible money-saving tips.
Don’t worry; you can thank me later! Here is what you need to know:
Get a credit card with a 0% balance transfer rate
If you’ve got one or more credit cards, this tip is for you! Transfer the balance of your card(s) onto a new 0% one and pay no interest for a few months! Doing so will help you pay off your debt quicker.
Stop buying expensive food
Supermarkets usually sell their own-label foods. They are cheaper than the premium products but taste just as good.
Find out if you’re eligible for the federal Lifeline program
If you can’t afford your landline and cell phone, you might be eligible for Lifeline. It’s a federal program that offers discounted (and sometimes free) telecoms for your home. Issa Asad of Florida says low-income earners and those that get food stamps are usually eligible for Lifeline.
Cancel your cable TV subscription
Let’s face it; cable TV is a luxury, not a necessity. If you’re bored of watching regular TV channels, go online and check out some YouTube videos instead!
Cancel your gym membership
There are plenty of free ways to keep fit and healthy! For example, walking or jogging in your local park and even taking the dog for a walk twice a day are some practical alternatives.
Use public transportation
We all know the cost of gas isn’t cheap anymore. Instead of using your car to go places all the time, consider using public transportation instead.
Grow fruit and vegetables in your backyard
Sometimes fruit and vegetables are expensive to buy at grocery stores. If you’re a keen gardener, I recommend taking the time to grow some instead. Not only will doing so save you money, but home-grown stuff tastes nicer as well!
Rent instead of buy
If it saves you money each month, you should rent stuff instead of buying them. Especially if those items don’t appreciate in value.
Put any spare cash into a high-interest savings account
It’s never too late to start saving money for a “rainy day.” That’s why you should put aside some cash each month, even if it’s only twenty bucks! The money soon adds up and will make a difference in the future.
Cook all your meals at home
Do you enjoy buying takeout food? The bad news is that you’re wasting a lot of money doing this! Instead, you should be cooking all your meals at home. Let’s face it; they will taste nicer anyway.
Do some moonlighting
When you’re not working, you can earn some extra money using a computer and the Internet. Examples include blogging, content writing, and graphic design.
De-stress your life
Stress can cause you to think irrationally and spend money you shouldn’t. Find ways of dealing with your stress, so that you can channel your energy into more productive things.