13 Ways to Save Money 💸 | Money Saving Hacks (Spend Less, Save More & Live Simple 💰)

Saving money isn't about being able to buy bigger and better things. It's about being prepared to take care of your family ❤️.

1. Spend your money on what you truly want 

    Spend your money on things that you want instead of a bunch of stuff you don't need, there's a bit of a distinction. It's really easy to get caught up in seeing things making impulsive purchases or buying stuff that we don't need or maybe buying something that wasn't quite right but we buy it anyway. 

    So spend your money on things that you truly want and that are gonna bring you enjoyment versus stuff that you don't need.

 

2. Sleep on it

    Give yourself some time to think about a purchase that you are thinking about making. Can it wait? Ask yourself, is it something that I need right now or Can it wait? for a few months, just sleep on it.

    This is going to help you to avoid those impulse purchases often. We get sucked into something that we want because it seems so exciting only to have it kind of lose its excitement pretty quickly. So give yourself some time to think on buying them. 

 

3. Shop with Intention

    Having a shopping list, handy writing down the things that you need to buy can help you to stay on track and not get carried away. We all know what it's like to be in a store and we're adding things to our cart that again we don't really need what we didn't even come there for and it just ends up costing us a lot more. Shopping with intention will help to save more money.  

 

4. Buy secondhand 

   This is another easy way to save money is to shop second hand and this is huge whether that's checking out your local thrift store or online thrift stores. It's a great way to save money and also for the environment to be kind of recycling items, clothing pieces, etc.

 

5. Pay Attention to monthly fees or Subscriptions

   The bank debt or subscriptions or monthly payments that you have coming out of your account for the things that you are not necessarily using or don't need to spend as much money on and the solution here is to simply review these things. 

    Take a look at what are the things that automatically come out of your account that you are subscribing to and if you decide there are things that you are not using go ahead and cancel them. Take a few minutes to do, it's worth it though.

 

6. Avoid Triggers 

    The places where you are tempted to spend money, so this is different for everyone but maybe there's is a specific store or shops. If you want to save money this is important for you to take a bit of break from those things and you might find that you spend a lot less money on this method.

 

7. Borrow and DIY

    There are so many opportunities for us in life to borrow something from someone that can be a great way to save money from having to purchase a bunch of things especially if they are like one-time use things that can be a household tool or eBooks that you need to use.

    It is the same for DIY things where it's worth it to spend the money on having done something by professionals or watch a YouTube video, you can do it yourself and that can save you some money.

 

8. Keep your Receipts

    We would never make impulsive purchases and we wouldn't need to return things because we knew exactly what we needed to buy and we make use of it and all as well but in reality sometimes it happens right? We buy things and we decide to want to return them, make sure that you do your best to hang on to your receipts instead of tossing them away when we get home thinking that we don't need to return this thing. 

    So make sure you always keep your receipts and it's really helpful, in case you want to make a return and get your money back.

 

9. Evaluate what you Own

    Evaluate what you already own before you are purchasing with something you have similar. Sometimes even rearranging your furniture can help things to freshen up instead of buying a whole bunch of new stuff. Just take the time to evaluate the thing that you have around you.

 

10. Remind yourself of your Financial Goals

    This is the simple one but it can help you to put things into perspective. What are the things that you are hoping to pay for or to be able to afford this information especially when you are reminding yourself of it regularly? It can help you to make wiser choices before you buy things needlessly.

 

11. Face your Bank Account

   Log in and take a close look at How much money you have in your account? What do you have in your savings? How much money do you owe on credit cards? etc., Sometimes what can happen is out of sight, out of mind when we don't pay too much attention to it. 

    We are more likely to spend money because we don't want to think too much about it but when you sit down and are honest with yourself face your account. It can help you to save some money.

12. Sell items You are De-cluttering

    Sell stuff that you are decluttering or not making use of it or getting rid of instead of tossing things out. It is such a fantastic way to simplify your space and make some extra cash from it.

 

13. Avoid Emotional Shopping

     Avoid shopping as much as you can when you are bored or when you are stressed or you are emotional. It is helpful to ask yourself what is my motivation behind really wanting this thing right now? Use this as an opportunity to kind of pause and reflect on what is it. If you are in that state just pause and think about it again. It can help you more in saving some money.

 "Do not save what is left after spending, but spend what is left after saving."