No matter who you are, you are probably looking for ways to save money. While some ideas you may have found on the internet may be considered common sense, there are many ways to keep your money in your bank account that could be considered weird or unusual. Here are just a few of them.
- Throw the coupons away
- Make your own personal care items
- Borrow money to save money
- Make your own gifts
- Buy used
- Drive less
- Buy from the farm
You have probably been told numerous times to clip your coupons and that every penny counts. What the dirty little secret about coupons is, though, is that they are almost always for name-brand products, which are inherently more expensive to begin with. Think about it, when was the last time you saw coupons for generic products? This is why it’s often smart to ignore the coupons and buy the generic/own-brand versions of the products instead. They are usually the same level of quality as the bigger brands, just with less-attractive packaging.
One of the biggest expenditures that a household can face is buying personal care items and other household essentials. A cursory search on the internet shows many recipes for how to make your own toothpaste, shampoo, soap, and mouthwash. You can even make your own cleaning supplies as well. Not only are these homemade products often better for your body since they are made from natural ingredients but they are better for your bank account as well.
On the surface, it may sound odd to take out a loan in an attempt to save money, but sometimes it’s a good idea. If you’re living in the US, for example, you probably are still making payments on the student loans you took out to go to college. This usually entails making separate payments to several different lenders who all have different interest rates. With this in mind, it could potentially make sense to take out a student loan consolidation to combine the different rate and terms into one payment. This can potentially save not only money but also the time it takes to send payment to multiple sources.
Another way that people tend to spend too much money is buying overpriced gifts that rarely get used. One way to show your affection without breaking the bank is to make your own gifts. Homemade picture frames with a photo of a favorite time in life or a group of friends, candles, artwork, a Christmas hamper or any other crafts-type projects make excellent gifts that are much more heartfelt than gift cards or items from big-box stores. People will also remember these handmade gifts for much longer than they will remember gifts purchased at the last minute with little thought put into them.
Before you make any purchases, check the local thrift stores first. They sell everything from clothing to appliances and most things in between. You can save a significant amount of money by purchasing pre-owned items and you’ll also be doing something nice for the environment by keeping these things out of landfills. Keep an eye on the sales that each store may have as many of them have special days of the week that boast prices better than their already low rates.
Try walking whenever possible. This may not be practical all of the time but even cutting back your driving one or two days of the week will save you a good chunk of change normally spent on petrol. Walking more means that there is less wear and tear on your vehicle, thus saving money on unnecessary repairs. There is also the added benefit of getting in more exercise. Staying active and keeping fit may mean less time spent at the doctor’s office and less money spent on prescriptions.
Instead of buying everything you can from your local grocery store, learn to check out your local farmer’s market first. While they may not offer everything, you’ll be able to get farm-fresh produce, meat, fish, milk, and other items such as honey or homemade jams and jellies. Some farmers are even taking advantage of the subscription-based services that so many have become accustomed to and offering weekly box deals to those who sign up at the beginning of the season.