As the living expenses become higher and the paychecks stay the same, we all try to save some money. Living on a tight budget is not an easy thing to do, but there are ways you can actually save money and still have all the things you want.
When new smartphones come out, we want to buy them. The same goes for a new brand of makeup that suddenly every influencer is using. Living in a world where there are new things every day, is hard. We don’t want to miss out on something and we still want to be able to “survive” until the end of the month.
Luckily, there are so many ways you can afford everything your heart desires (okay, not literally everything, but most things that are in and a bit above your price range). Here we are going to give you some tips on how to save money while spending money. Isn’t that great?
1. Pay off your debt
We know you know, but you really have to pay off your debt. No matter if it is a student loan, a mortgage or credit card debt, you need to pay it off as fast as you can. When you leave those monthly rates behind you will be able to breathe, you will be able to spend more on the things you want and you can even save some money.
Do you actually know how much interest you are paying every month because of your debt? When you crunch those numbers up, you will realize that every year money disappears from your account just because of the interest. So, make a plan and try and pay off every debt you have as soon as possible.
2. Switch to cash
When we don’t see the money, it does not hurt that much when we spend it. You can just get the card off, swipe it, get a full bag of groceries or clothes and just forget about it. This is one of the reasons why most people have credit card debt.
Try to get cash out and to use cash only. That way you will pay more attention to how much you spend and every time you open your wallet you will be reminded of how much money you have left for that month.
We are used to putting everything on our card, starting from monthly subscriptions to shopping and we don’t open the application because we are afraid of what we will see there. Switching to cash will help you be more aware of the money you are spending and you will even be able to save some.
3. Save the change
Get a nice, big bowl and use it for change only. Forget about leaving it in your car or misplacing it all-around your house. Every time you notice you have some change in your pocket, put it in the bowl. And try not to take money out. After only a few months you will realize you have a few hundred dollars on the side just from change.
Every month put the money that is left on your card on the side. Use another card (one that you will never use unless it is an emergency) and transfer money there. Or do it every day by leaving it on a round number. For example, if you have $233.65 on your card, move $3.65 to the other card. You won’t notice the difference on your primary card and after a while when you check the other one you will be surprised.
4. Online deals
Do you know how much you can actually save when you look for deals when shopping online? There are so many stores that offer coupons and we just ignore that. Plus, there is always some kind of deal on one website or another. When you find something you want to buy, don’t purchase it right away. Look for better deals and you will realize that you can find the same things for half the price.
Another thing you probably ignore are the promo codes. If you are buying makeup online spend some time researching influencers that promote that brand. They always offer some kind of code that you can use to get a discount.
Almost every big online shop offers coupons on different websites. For example, you can find promo codes for Wish in a lot of places and if you don’t want to waste time searching you can click here. The same goes for codes for Amazon, eBay, Etsy and every other website you are using daily.
5. Change the service
When we get a phone or a television plan, we tend to just forget about it. We pay the same bill every month, we don’t look at other offers and we just get comfortable. Do you actually know how much you can save when you change the service?
No matter if you want to switch the plan with your current provider or if you want to try something else, you can get a great deal. Just call the customer service and ask for something better. Chances are, you can get much more for much less. And when it comes to TV, how often do you watch TV that is not on a streaming service? If you pay for different streaming services, you don’t have to actually keep paying for regular TV you just don’t watch.
Be smart and write down all the things that you are actually using and what you really need. If you use mobile data and don’t text, then you need a plan that covers that. The same goes for special channels or streaming services. When you cut back on the things you don’t need you can get more of the things you really do need and use.
Saving money on a tight budget is not actually hard. You can cut expenses on many things and you won’t even notice. You could also use an application to track how much you are spending and on what. It is going to be a bit difficult when you start, but after a month or two you will be more aware of what you are spending your paycheck on and you may even be able to afford that dream vacation.