Does the topic of saving money make you feel a little guilty? You have good intentions when it comes to saving money, but something always comes up. You don’t need everything to magically line up perfectly before you start saving. There are plenty (and we do mean plenty) of practical ways to save money and breathe some fresh air into your budget.
With a few tweaks to your spending, you’ll be on the fast track to saving money in no time. Here are 20 money-saving tips (that actually make sense).
Cancel automatic subscriptions and memberships
Chances are, you’re paying for multiple subscriptions like Netflix, Hulu, Spotify, gym memberships, trendy subscription boxes and Amazon Prime. It’s time to cancel any subscriptions you don’t use on the regular. And make sure that you turn off auto-renew when you make a purchase. If you cancel it and decide you can’t go without it, subscribe again — but only if it fits into your new and improved budget.
And for those subscriptions, you do want to keep around, think about sharing memberships with some family or friends. A lot of streaming services, like Netflix and Hulu, let you watch your favorite shows from two or more screens (with an upgraded account). That way, everyone wins — and saves!
Reduce energy costs
Did you know that you can save money on your electric bill just by making a few tweaks to your home? Start with some simple things like taking shorter showers (nope, we didn’t say fewer), fixing leaky pipes, washing your clothes in cold tap water, and installing dimmer switches and LED lightbulbs.
While new, energy-efficient appliances are a great way to save money on your electric bill, they’re expensive! But if you work it into your monthly budget, you can save up and pay cash for those improvements over time.
DIY . . . everything!
Before you shell out the cash to pay for a new backsplash, fancy light fixture or bench, think about doing it yourself! Usually, the cost of materials and a simple Google or YouTube search will save you a ton of money on your latest home project. (Plus, you won’t have to pay someone to do something you can most likely do yourself.) But if you’re the type that can’t seem to hit the nail on the head, you might want to ask a friend or neighbor for help so you don’t have to spend money on new drywall.
Oh, and when you need to do some DIY work (or any kind of work), borrow what you need from a friend or neighbor instead of going out and buying it.
But if you are in need of some urgent cash then you can always apply for instant personal loan through online loan apps like SmartCoin. Once you apply for the loan, the amount will get deposited in your bank account within few minutes.
