21 MONEY SAVING TIPS YOU CAN APPLY TODAY

Money is nothing else than promises and this is how it begins…

Before currencies we had barter. In simple terms, it was an exchange of goods or services for other goods or services without using the money. Hard work paid off and the market was stable. But this system didn’t last. We created currency. Today, governments all over the world printing it on an unimaginable scale.

The world population is currently estimated at 7.37 billion people and the total world wealth is valued at about $263 trillion US dollars. Therefore, we can assume that person’s fair value is about $35,860. Sounds great, right?

So why on earth do we find ourselves with an empty pockets time to time? Perhaps, because we are spending more than we earn? No matter the reason there are simple ways to keep our finance healthy and strong.

1. MAKE A GROCERY LIST AND STICK TO IT

Plan your meals for the next few days and write down a shopping list. Don’t go shopping on an empty stomach. you could also consider buying meat and poultry on the market, where restaurants make supplies. I guarantee great deals.

2. PAY ATTENTION TO UNIT COSTS

Forget about brands. Prices are set lower, it is all about the package. Hey! Apple is an apple!

3. BUY IN BULK

It is much cheaper to buy most items in bulk, but keep an eye on the expiry date. Purchase only items, which you can handle storing before use.

4. USE YOUR OWN GROCERY BAGS

Why overpay for a bag every time you shopping. No questions asked. Bonus fact: Mother Earth will stay happier.

5. DO NOT WASTE FOOD

Once again, keep an eye on all dates. If you find yourself in trouble, cook and freeze it.

6. EAT OUT LESS

We all fancy eating out while socializing. But it is very easy to lose track and spend more than we planned. Give yourself a break. Remember, the plan is to save money for something very important to you.

7. CONSIDER USING PUBLIC TRANSPORTATION OVER THE CAR

Unless used at work your car is just a liability. It depreciates over time, require servicing and drinks gallons of petrol. Don’t forget about insurance — it is not cheap! Consider keeping it in your garage and use occasionally. Seasonal tickets for public transport could be a cheaper option.

8. LIVE SMALL

Do you really need 5000 square feet home? Remember, that smaller house requires less heating and energy. It is easier to focus your utilities on the parts of your house that you’re actually using.

10. SAVE ON ELECTRICITY, TURN OFF LIGHTS

Unless you are scared of ghosts, there is no reason to keep on all of the lights at home. Waste of energy and money.

11. SWAP BULBS FOR ENERGY EFFICIENT

Do not be afraid to pay a little more and get the LED bulbs. Those bulbs are more energy efficient than the CFLs and will last as long as 20 years.

12. RENT OUT UNUSED SPACE IN YOUR HOME

Passive income? Why not. There is always someone who is willing to pay for the privilege of using your empty space.

13. CHANGE SHOWERHEAD

You won’t feel a difference in your water pressure and make your shower more efficient. Not a massive financial difference, but this can add up over time.

14. KEEP YOUR FREEZER FULL

Any freezer will work more efficiently when is full. Cold items help to keep each other cold.

15. USE DISHWASHER

Surprisingly, these days a dishwasher actually saves you money and energy (not to mention time), over the old-fashioned way.

16. LOWER YOUR WATER BOILER’S TEMPERATURE

Did you know that 13% of your energy bill goes to heating water? Lower the temperature and save at the same time.

17. STAY IN GOOD HEALTH

No brainer? It is not a rocket science that many chronic conditions can be prevented or lessened by eating right and exercising.

18. BIKE TO WORK

This is great. Unless is raining, riding a bike to work help you stay fit while also decrease your commuting costs.

19. QUIT BAD HABITS

Smoking, drinking, using drugs, or overeating and list go on… Quitting your unnecessary habits will improve your health and lower your insurance premiums. End of story.

20. WRITE DOWN YOUR SPENDING

Keeping your spending under control requires a journal. Notebook or excel sheet will do the work. You will be surprised how much money you waste. Just be honest with yourself…

21. START A BUDGET

Making a budget isn’t as hard as it sounds.. Take all of your spendings and make a budget out of it. Look where your money is going and find areas that you can cut back on.

22. SET SAVING GOALS

Do you want a certain amount of money saved in the next 6 or 12 months? Fancy something new? Set some clearly defined goals and stick to it.

I hope you will find above list helpful. If yes, please give me a thumb up, share this content with others and subscribe if you willing to stay up to date, when a new post like this comes out.

Piotr Bania

cactus@stupidcactus.com

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