We live in a hectic and busy world where having free time is a luxury. Sure, we all want to save as much money as we can, to give ourselves a stronger financial future and a better life.
But to do that without taking up too much precious time, we need to prioritize on the actions we take that give us the most bang for our buck. We need these top 10 ways to save more money fast every day.
Recently, a reader asked for my top 10 tips to save money well. So I thought I’ll share with all my readers the top tips that you can use immediately to save money.
Get Stuff and Food Free
The top tip to save money, is to not spend a dime, if you can help it.
You can get free stuff by letting colleagues and associates know that you welcome freebies – phones, other electronics, furniture. Anything under the sun, actually.
Check out websites that offer free stuff. Just google free stuff and the name of your city or town.
Gather free fruits from community gardens and other public places. You save money and it’s fun plucking fruits 🙂 Look at these sweet and juicy apples that I plucked free!
Slash Your Grocery Bills and Save Hundreds
A great way to cut down grocery bill is to eat more fruits and vegetables, as they are cheaper than meat. You’ll become much healthier as well.
This means that you’re more likely to avoid ill health and the need to pay hefty medical bills.
Learn how to avoid all the traps that supermarkets spring on unsuspecting shoppers inShocking Traps Supermarkets Don’t Want You To Know
Become a smart grocery shopper and you’ll save tons of cash on your recurring food bill.
Save Hundreds on Utilities
Utility bills are among the regular recurring payments that you need to pay. It’s therefore smart to learn new ways to minimize your utility bills. You can save 25% or more off your utility bills by taking simple actions.
Now that the weather is getting cooler towards winter, among the simple things you can do to save on your heating bill are:
-Stop heat loss from gaps
-Heat only part of your home (close doors to unused parts of your home)
-Wear warm clothing
-Use thick blankets in bed and on the sofa
-Limit your heating time
-Use a fan to help circulate warm air around your room
-Another simple way to save on power use is to run your washing machine and dishwasher on their shortest cycle, and only when they are full.
Practice Being Frugal and Save Thousands
Make a start now to become more frugal and careful with your cash and other resources like the things you own.
Over time, it will become easier and easier to act in a frugal manner, and avoid making unnecessary buys that harm your finances.
It’s not hard, but this frugal habit can make you rich!
When you move towards minimalist living, you’ll save heaps of money as you’ll buy less unneeded stuff, and sell unneeded things to get back cash.
When you have less stuff after decluttering, and more money, you’ll get so much more out of life, such as greater peace of mind.
So start decluttering now and start to live a minimalist life.
Take proper car of what you own well – like your home, car, bike, phone and electronic goods, and you’ll make them last and be able to use them longer.
Do not upgrade perfectly good electronic gadgets. There is completely NO need for the latest bells and whistles at all. You save lots of money.
Did you know that you actually need only these 50 things for home?
Buy Second Hand Stuff
Buy used things and save lots of money!
Do you need a car to commute to work? Always buy a good used car. You will save lots.
Edmunds.com says that a buyer of a 3-year-old car can save $13,339 over buying the same make and model new.
The biggest savings apply when you buy off-lease luxury midsize cars, small cars and even large cars.
But make sure that you buy a car that is of a size you need. If you drive only yourself to work, a quality used economy car would be perfect.
Make sure that the car you choose is reliable and economical, to keep on saving on its maintenance over the years that you own it.
Having a mechanic perform a thorough inspection before you buy your dream car is money well spent. You’ll avoid buying a lemon that would give you endless headaches and repair bills.
Visit thrift shops. I’ve bought new donated stuff like office shirts really cheap this way. Good condition clothing items can be had for a dollar or two.
Appliances, tools, kitchen items . . . you name it, thrift shops most likely stock it at bargain basement prices. Stretch your dollar super far at thrift shops.
Save Hundreds and Thousands on Gas
Here are some easy-peasy ways to save lots on gas money:
Drive less e.g. walk to nearby destinations
Do economy driving to save gas
Keep your tires inflated, to avoid wasting up to 3% of your gas
Remove heavy objects from your vehicle
Maintain your car and engine well for maximum fuel efficiency
Use energy conserving motor oils of the lightest correct grade for your engine (see your owner’s manual). Using an Energy Conserving II (EC II) motor oil can save you 2.7% or more on gas.
Check and replace your air filter when needed. Pro Car Mechanics say that a dirty air filter can lead to 10% worse gas mileage.
My 12 Frugal Ways to Save Fuel & Car Expenses will get you saving more money on your car expenses!
Do not buy! Save all your money.
Borrow from colleagues, neighbors, public libraries, tool libraries and toy libraries.
Pay in Cash
Paying cash makes spending money real when you hand cold cash over to someone else. If you’re going to a store to buy something you need, take along just a bit more cash than needed. Doing this will help prevent you from overspending due to buying on impulse.
Avoid using credit cards as most people tend to overspend when using cards.
Automate Your Savings
Set your bank account to automatically deduct a certain amount of your pay and deposit it into a special savings account.
You can name it your retirement, holiday, or emergency account, to remind you of its purpose and your future plans.
This amount needs to be large enough, but not too big, so that after a while, you’ll hardly notice the regular absence of this sum of money.
When you automate savings, you won’t have to think about saving to save a substantial sum. You’ll be very pleasantly surprised by how much you can save over 6 months or a year.
Or you can automate the deduction of a fixed amount towards paying off debt with the highest interest first, such as credit card debt.
In this way, you’ll move towards debt free status with little effort spent.
Start with one of the above top 10 money saving tips, and begin taking more and more money saving actions. You’ll be glad you did when you pay off more and more debt, grow your savings and reach your money and life goals.
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