Remember the famous quote “a penny saved is a penny earned?” I’m sure, you have remembered! Now, follow it religiously to make your kitty fat.
But, what are the ways to save your precious dollars?
Here you go…
- Make a realistic budget and stick to it
- Follow the envelope budgeting system
- Avoid unnecessary expenses
- Live with a roommate
- Stay with your family
- Get your tax refund
- Refinance your mortgage or car loan
- Challenge property tax assessment
- Use public transport
- Cycle or carpool to work
- Walk wherever possible
- Share a vehicle
- Keep the tires of your vehicle properly inflated
- Purchase cheap gas, visit Gas Buddy
- Drive at a moderate speed, don’t speed up
- Never let your car sit idle, it’s like burning money
- Comparison shop
- Unplug devices when not in use
- Take advantage of 0% APR balance transfer card
- Sell unused and unnecessary items
- Decrease the temperature of your water heater
- Air dry clothes and avoid clothes dryer
- Wash clothes and utensils in cold water
- Consolidate or settle your loans
- Request interest rate reduction on loans or credit card balance
- Set up automatic loan and bill payments
- Use CFL or LED lights
- Air seal your home
- Build solar panels
- Cancel gym and club memberships
- Take cable and internet connection from the same service provider
- Look for inexpensive entertainment options
- Cancel useless subscriptions
- Cook your meals at home
- Use coupons while shopping
- Reduce eating out
- Grow your own vegetables
- Buy generic products
- Shop around when purchasing an insurance policy
- Buy term life insurance policy, the cost is significantly less expensive
- Cut down your grooming expenses
- Shift to a less expensive area, if possible
- Cancel a cell phone contract
- Purchase things in bulk
- Don’t hit the stores with an empty stomach
- Use cash while shopping and ditch credit cards
- Reduce or eliminate Starbucks visit and make your own coffee at home
- Borrow clothes (expensive party clothes) instead of buying
- Use your local library
- Find out the right time to purchase things
Do you have some more points to add? Share those in the comments section below…
Know more: 40 Intelligent water saving tips to crush your water bill
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