Life in today’s world is expensive. We want to put money away, but we also want to live a comfortable life. We want to go out with friends, travel and purchase nice things. However, we also want to build up a nest egg for a rainy day.
How can we accomplish both? By making small changes in our everyday lives. If you decided that it’s the time to put some dollars aside, you should read the following money-saving habits from the thriftiest people:
13 Ideas To Save & Make Money
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Utilize the Extra Space in Your House
Having one or more rooms unoccupied means that you pay for empty, unused space. Why not turn that area into a money making opportunity? List the rooms that you don’t use, such as bedrooms, family room or even your living room for rent. You will be surprised to find out how fast you can get people wanting to move in if you set a fair price. Airbnb is the best website to list your free rooms for a rent for short term guests. This will help you decide when you want someone in your house, and keep your house all to yourself on other occasions.
Sign Up for Ride Sharing Programs
Ride sharing programs, like Uber or Lyft, allow you to schedule routes and help out other people that are going the same way. If you are going to work, why not pick up someone on the way, especially if they will pay you to do so? Being a licensed ride sharing driver can only bring you benefits. Just make sure to speak to your car insurance company to make sure you have proper car insurance coverage.
Make a buck by being the delivery boy: Why not utilize your extra time to make some easy money? If you are thrilled about the idea of inviting strangers into your car, consider driving food around instead of people. The only problem here would be stopping yourself from eating the delicious meals before they reach their destinations. UberEats is a great service that helps you get into food delivery.
Turn Off Utilities When Not in Use
Most of us are in a hurry and have run out of the house leaving the lights on. Although we don’t often think it is a big deal, thrifty people know that unplugging electricity and devices that are not in use from power outlets can lead to savings on your utility bill. Unplug blenders, lamps and blow dryers when you don’t need to use them. Better yet, consider installing eco-friendly electronics that will save you money on your bill every month.
Use apps to save money
There are a ton of apps and websites that can help you save money. Chrome extension Butterfly notifies you about the offers provided by your favorite retailers as you are shopping. When you checkout online, the site will apply the savings automatically. Ebates is another great site that will send you cash back monthly after you shop at participating retailers. And don’t forget that there are many price comparison shops that allow you to track the best online offers for the same product, helping you make the best decision prior to making a purchase.
Make Your Money Work for You
Although the interest rates are not as high as in the past, it is still worthy to deposit your money in bank. Besides having your money well protected, you will make a passive, recurrent income with monthly interest rates.
Pay Attention to Phone Contracts
Many phone contracts contain hidden fees that make your payment skyrocket. Switching to a prepaid plan can help you control your spending by sticking to a monthly limit. For example, Tello offers prepaid plans, top quality wireless coverage and fast internet service.
Sign Up for Grocery Delivery
We all know that time is money, and if you value your time, spend it wisely. Driving to and from the store and picking out your items can be time consuming, especially in peak traffic hours. A service such as Instacart allows you to find local stores and compare prices on grocery items. You can even add notes about what type of items you want (soft mangoes or smaller cucumbers). Saving an hour on shopping for groceries can help you spend that time more wisely (such as giving you an extra hour to work).
Purchase Bulk Products
Buying larger quantities of the items you need, such as paper goods, groceries, drink and so on can lead to hundreds, even thousands of dollars in savings at the end of the year. There are warehouses, such as Sam’s Club and Costco, which offer paid memberships to buy in bulk. DollarDays is a site designed for small businesses and consumers that helps you find the best wholesale bargains on the market for offers which are not usually available for the everyday consumers. Plus, no membership fees!
Buy Second Hand Clothes
Most items depreciate as soon as you take them out of the store, clothing included. Cheapskates already know this and never pay the extra surplus on brand new clothes. Instead, they save at thrift and second hand stores, which are often packed with lightly used, or even brand new, clothes. And if you are lucky enough, you can even stumble upon designer labels.
Reuse Other People’s Furniture
Buying brand new furniture can be pretty expensive, but buying the pieces from another owner can lead to significant discounts. Check for garage and yard sales in your area to find a great deal that’s close by. Also, you can find storage auctions to get some amazing deals on storages that owners stopped paying for. Sites like Facebook Marketplace and Craigslist area also advantageous for searching for the item you need and viewing photos and pricing details.
Sell Unused or Unwanted Items
Most of us have tons of stuff we never wore or used, or we forgot they exist. Now is the time to gather all those things, sort through them and list for sale what we do not use or want any longer. You can sell everything online or in a garage sale, from lamps, CDs, computer hardware, to books or clothes. If you don’t want to deliver your items to second hand store, sell online! Simply create an account on a site such as Decluttr, and begin selling your items. Surely you will make some much needed money.
Give Extra Love to Your Belongings
Taking care of your belongings means that they will last longer. Electronics, cars and clothes must be regularly checked for defects and preserved in good conditions. Splurge to clean your couches and carpets once a year, that will extend their life for much longer. Instead of throwing out ripped clothes or items that no longer fit, simply find a good tailor to make them perfect to wear again.
These ideas are some simple ways you can learn from extreme cheapskates. Although not everything may be right for you, simply implementing a few of these steps can lead to significant savings and extra money for you to save or do with as you please!
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