Showing posts with label Free. Show all posts
Showing posts with label Free. Show all posts
Thursday, November 12, 2015
20 Mini Money Hacks To Save You A Lot
Do you like to save money? Dumb question, right – you work hard for your money, so you want to keep as much of it as possible. There are plenty of ways to save money without spending hours to do so. Here are 20 simple mini money saving hacks that can help you save a lot. Let’s get straight to the point and start saving…
1. Put your savings on auto-pilot
You can automate just about everything; and you should. It takes a lot of weight off your shoulders and frees up your time. Saving is easy to automate with online banking – simply set up an automatic transfer from your checking to your savings each month… Or try Digit! Digit is a free tool that automatically transfers different amounts from your checking account to your savings. It’s an intelligent tool that knows when you can and can’t afford to save; but don’t worry, if for some reason Digit causes you to overdraft by taking too much, they will fully reimburse any fees and charges (though it’s so smart I’ve never even heard of it causing an overdraft).
2. Make a meal plan
When people ask how my wife and I feed our family of six for under $400/month, I have two words: “meal plan”. Planning your meals will save you a ton. It eliminates buying extra food that you don’t need. It also helps you plan ahead for making more affordable meals, rather than buying what looks good when you’re at the grocery store. I’ll go over how we make our meal plans even cheaper in the next point.
3. Plan meals around sales
You don’t have to spend hours going through sale papers to find the best deals on everything. Just make your meal plan, but leave the specifics open. For example, one of your meals could be a stir-fry, so you need meat, veggies and a grain. When you get to the store, buy the best-priced meat and veggies. Then look for a grain, like rice or quinoa and buy whatever is the most cost-effective, weighing the price and health benefits.
4. Drink more water
This may seem obvious but the statistics show that it isn’t. You’ll save a lot of money if you stop buying the 24 packs of soda and bottles of juice. Bottled water is cheap – tap water is cheaper. There are many great options for filtering if you’re not a fan of the tap taste. Weigh the cost and see whether you prefer bottled or tap. When you’re eating out, a family of six can easily save $12-$20 per meal just by drinking water instead of soft drinks.
5. Set an automatic budget
There are plenty of free services like Mint and Personal Capital that allow you to link your accounts and automatically track your budget. If you’re not one for spreadsheets and inputting numbers, this is for you. You are able to view it and oversee the budget, but once you set your categories everything is automatically sorted for you. Occasionally something will go into the wrong category, but it’s easy to switch it and change the category for all future transactions.
6. Set a plan to pay off debt
If you want to get out of debt, you need a plan. There are a few options, but the two most common are the debt snowball and the debt avalanche. How do they work? For the debt snowball you simply write down all your debts from the smallest balance to the largest, then you use any extra money to pay off the smallest balance first. Once that’s paid off, take that payment plus any extra money, and put it on the next smallest balance until you’re debt free. With the debt avalanche it’s the same idea, except you sort by interest rate (highest to lowest) instead of by balance. The debt avalanche will save you more money in interest, but you may prefer the small wins that the debt snowball provides in the beginning.
7. Get a second job
If you’re trying to reach a goal that seems to be taking longer than you’d like, you may want a second a job. It’s not forever; just a temporary job to get past whatever situation you’re in. If you’re in debt a second job is a great way to pay it off faster. If you’re building an emergency fund: get a second job to get it knocked out. The service industry is great for this, such as waiting tables or delivering pizzas. Service jobs are great for maximizing your extra working hours, since you’ll be getting tips and likely making more than you would at a regular hourly job. If you aren’t able to get a second job then don’t worry! There are plenty of other ways below to save money without working more.
8. Challenge everything
Challenge every single expense you have. Do you really need cable? What about those magazine subscriptions that you don’t read? Both of them cost money on their own and the ads could possibly persuade you to spend even more. Odds are you can cut something out. Perhaps you’ve been paying for a service so long that it’s second nature? It’s time for a challenge and here’s how to do it:
- Write down every single expense you have
- Look for expenses you can fully cut out
- Find ways to save money on the remaining expenses
9. Compare insurance rates
When was the last time you checked insurance rates? This is something you should be doing annually. The cheapest isn’t always the best, but usually you’ll find that you can get the same coverage for less money if you shop around. Once a year take a look at all your insurance policies. Call around or go online and see if you can find better rates. Most of the time you can!
10. Use coupons wisely
There are primarily two crowds when it comes to coupons: the first crowd says coupons aren’t worth the time you spend cutting them; the second crowd says coupons are always worth it because they save you money. However, there exists another crowd: the savvy couponers. Be discerning with coupons. It may not be practical for you to spend hours each week cutting them, but you should be on the lookout for coupons that save you a lot of money. Check out popular services like Groupon or Living Social to look for a coupon every time you’re about to spend money. It takes seconds and could save you a lot, especially on services like an oil change or a massage.
11. Review your card statements
Whether you use a credit card or a debit card, review your statements each month. It’s not uncommon for random or bogus charges to appear on your account. It’s easy to overlook these charges when you’re not checking your statement each month. If you have multiple cards, use a service like Personal Capital to link all your accounts. This way you can see all your transactions in one place for an easy review.
12. Start an emergency fund
Emergency funds are something you should set in place to avoid using a credit card in an emergency. When a crisis hits you don’t want to turn to a credit card and pile on the debt. Debt can turn a crisis into a catastrophe.Dave Ramsey popularized the idea of having an emergency fund instead of a credit card. Dave recommends getting it to $1,000 quickly; however anything is better than nothing. Even if you can just put $50 or $100 in your emergency fund each month, you’re still making progress.
13. Use the 30-day rule
When you’re considering making a large purchase, use the 30-day rule. If you still want it just as much after 30 days, consider making the purchase. Often you’ll find that you no longer care about whatever it is you wanted. This eliminates spontaneous purchases made out of excitement or emotion.
14. Take it down a notch
Set your thermostat one degree cooler or warmer depending on the season you’re in. You will barely notice the difference and a month later you can do it again since you’ll be fully adjusted to the new temperature. According to the U.S. Department of Energy, you can save as much as 1% on your yearly heating bill for each degree.
15. Don’t replace, repaint
If you’re planning to replace an item in your home, such as an appliance, cabinets or bathroom components; consider painting before replacing. If you’re only replacing it because of the appearance, painting may be your best bet. Anything from appliances and cabinets to sinks and bathtubs can be painted. You just have to buy the right paint. Always make this consideration before buying something new.
16. Know your options
Home Depot and Lowes aren’t the only places to buy home items, just like Best Buy isn’t the only place to buy electronics. Know your local and online options. We almost all know to look online before deciding on a purchase, but you may also be surprised at your local options. Overstock, wholesale and liquidation stores are a few of the places you should check out. Sure they’re hit or miss, but when you find some deals that save you hundreds or thousands it will all be worth it. We were able to buy ceramic tile for less than half the price we previously found, just by walking into a wholesale store that we passed by every day.
17. Keep up with maintenance
Maintaining your home and your vehicle can save you thousands down the road. Regular oil changes, replacing air filters and checking tire pressure will all lead to savings in the future. Likewise, replacing your home filters, being aware of issues and quickly making needed repairs will save you some serious cash. Be mindful and pay attention to general maintenance. Staying on top of maintenance will stop other problems before they happen.
18. Reduce your interest rate
If you have credit card debt, you know interest can be a killer. Call your credit card company and ask for a lower rate. You don’t need some amazing reason to convince them. Many companies will simply lower it because you asked. It’s easier than you may think to negotiate with credit card companies. Often times, they are just happy you’re paying instead of filing for bankruptcy.
19. Give up the expensive habits
If you’re trying to save money, your habits may be working against you. For example, the cost of cigarettes and alcohol can be insane. If you don’t want to completely cut it out, try cutting back. Smoking one less pack of cigarettes each week can save you as much as $40/month depending on the state you live in. When you count the costs of your habits, it may open your eyes to another benefit of quitting.
20. Get paid to spend
Maximize your credit card rewards by using the right card for your purchase. Some cards offer 5% cash back on gas, while others offer 6% cash back on groceries. Credit card rewards are a great way to earn while you spend, which in return, saves you money. It’s like putting a certain percentage of every purchase into a savings account.
That was quick! Now you’ve got 20 ways to save money so start saving today.
Some of these require you to take action, while others mean you’ve got to stop doing something. Whether you’re adding or subtracting something from your life, stay mindful of your spending. You should always know where your money is going, since you should be the one telling it where to go. Stick to your budget, follow these tips and save some money!
Source:Life Hack
See also:
Best Websites That Will Save You Money (Coupons and refunds)
There are many free websites online today that can help you find bargains and save money. A lot of these sites are run by companies, passionate deal hunters, or both. If you're looking to find the best prices online, or connect with other deal hunting fanatics, these sites are for you. These seven sites were selected from hundreds of similar sites and are either the best of their kind, or offer a unique or special service.
1. Fat Wallet ( fatwallet.com )
If you should know about any one deal site, you should know about Fat Wallet. The reason why Fat Wallet is better than most other deal sites is because of its community. The Fat Wallet forum is populated by over 500,000 of the most savvy and passionate deal hunters around. You won't find a community of that size and quality very easily online. So check out the Fat Wallet forum's hot deal section and browse around. Fat Wallet also has a coupon / cash back section which has some deals, but the forum is really where all of the best deals are.
2. Deals Plus ( dealspl.us )
Deals Plus is another great community driven money saving site that has an unusual but memorable domain name. Each of the deals on Deals Plus are submitted by its users. The interesting thing about Deals Plus is that it has a lot of features similar to a social network. You can add friends to your profile, send messages to other users, and comment on different products with other members. These features can't be found on many deal sites, making Deals Plus a unique social network for deal hunters. The good news though is that you don't have to be an active participant in the social networking aspect of the site to take advantage of the deals. All of the deals on Deals Plus are accessible to anyone that visits the site.
3. Deal News ( dealnews.com )
Deal News' main strength is the sheer volume of deals posted on their site. There are many sites like Deal News, but none come close to Deal News in terms of size. Each day, Deal News posts hundreds of deals to their site which you can keep track of by subscribing to their RSS feed or newsletter. Deal news also has a forum, but it isn't quite as large or active as other deal sites. Again, the main benefit of Deal News is the large number of deals they post every day.
4. Woot ( woot.com )
Woot is an online store with a business model different than most. It only sells one product per day at a reduced price. Each day, a new product is offered until it is sold out. Some days, Woot sells mystery bags for $5 dollars a piece which can contain just about anything. Woot also has two subsites: Woot Wine ( wine.woot.com ) and Woot Shirt ( shirt.woot.com).
5. Slick Deals ( slickdeals.net )
Slick Deals is a site very similar to Fat Wallet, where there is a large emphasis on the community forums. The forum on Slick Deals has over 300,000 members and over 11,000,000 posts. The forum is very actively updated with hot deals, freebie deals, coupon deals, and contests by some of the internet's most passionate deal hunters. One advantage of the Slick Deals forum over the Fat Wallet forum is that each Slick Deals thread is categorized, making deal browsing a lot easier.
6. Mint ( mint.com )
Mint is a free financial tracking service that can help beginners and personal finance geeks handle their finances more easily. After signing up for a Mint account, you can add the checking, credit, investing, and savings accounts you want to keep track of. Mint allows you to see where your money goes in real time and makes budgeting a breeze. Mint also makes use of simple graphs and charts to make it easier for you to visualize where your money goes. Some of Mint's newer features include local spending comparisons where you can compare your spending habits to others in your area. It's a wonder they offer this service for free and is certainly something to check out.
7. Dealighted ( dealighted.com )
Dealighted is a website that aggregates the best deals from many different deal sites. Dealighted also allows users to submit deals, which increases the number of deals on their site. The reason why Dealighted is a useful site is because it puts the best deals in one place so you don't have to scrounge around on multiple sites.
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