In times of economic crisis, people are more careful with their spending and try to save money. We found out that with a few simple tricks, it is possible to make remarkable savings at the end of each month.
We have tested a few savings tips, and we share with you the most effective ones.
1. Make a budget
Set a budget and goals at the beginning of each month. Like the Japanese Kakebo method, write down your daily expenses and break them down into categories. These categories are usually rent, food, entertainment and extraordinary expenses.
2. Analyze the banks’ offers.
Find a bank that doesn’t charge you commissions. Avoid paying for transfers, withdrawals and your credit card.
3. Say no to unexpected expenses.
Avoid impulse buying. Every time you’re about to buy something, ask yourself this question: is it a passing fancy or a need? You’ll be amazed at how many things you buy on a whim.
4. Compare rates.
There are some rates that you just can’t choose because there is not enough variety in the services offered. This may be the case for water or electricity. But there are others that we can analyze in order to select the one that suits us best (telephone, Internet, insurance of all kinds). To make your life easier, there are websites that compare them for you.
5. Make a shopping list.
Never forget your shopping list before going to the supermarket and try to keep to it. Resist temptations that will make you spend money unnecessarily.
6. Yes to seasonal products.
Sometimes we forget to ask ourselves if it’s the right season to buy a product. Here you will find a calendar of the best months to eat certain fruits and vegetables. And you’ll find that not only do you save money, but the quality of the produce is better.
7. Grow your own produce.
Few people have enough space to have a vegetable garden at home. But if you do, we encourage you to grow your own vegetables. And if not, you can always have planters and pots with herbs, tomatoes, or carrots.
8. Bring your lunch to work.
This will not only take care of your finances, but also your health as you will be eating healthier things. Make a weekly menu plan and use your free time and days off to cook. This way, you won’t succumb to the laziness of ready-made meals and you’ll always have homemade food. Remember that many dishes can be frozen after cooking to increase their shelf life.
9. Change your light bulbs to low-energy bulbs.
It is often thought that there is not much difference in energy consumption between low-energy bulbs and incandescent bulbs, but what is really the case? In reality the difference is significant: tests have shown that the low-energy bulb reduces the electricity bill by about 80%.
10. Take advantage of online offers.
In many cases, brands offer promotions on their products if you buy them online. There are also sites like Privalia where different brands offer their products cheaper than in stores every day.
11. Take advantage of promotional offers and coupons.
These can be found on the website of the product you are looking for. There are also sites entirely dedicated to this type of offer, such as Groupon, where you will find discount coupons classified by category and region.
12. Don’t use appliances on half-load.
Using appliances on half load will only waste electricity. If you choose this option, make sure your appliance has a program to wash or dry only half the load, thus saving water, energy and most importantly, money.
13. Don’t waste water.
Sometimes we’re not aware of how much water and therefore how much money we’re wasting. Turning off the taps when you don’t need water, taking a shower instead of a bath, and watering your plants with rainwater are just a few of the ways you can save on your monthly water bill.
14. Save a minimum amount per day.
It doesn’t matter how much, anything goes. Imagine saving the price of a coffee every day: it’s not a big effort, but you’ll get a significant amount at the end of the month that you hadn’t counted on.
15. Use apps that help you manage your finances and make planning easier.
There are several apps like Fintonic that help you control your spending and know where your money is going. You can see how much you’re spending and what you’re spending it on with one click, and it will help you save and manage your savings on a daily basis.
These are just a few of the many tips to help you save a little money. Do you know of any others? Share them in the comments!