Do you know what it feels like to have a bit of the month left after you spent your salary? Do you think there is no way you could save money on your income? Are you clueless as to where your pennies disappear to every week? Then embrace a thrifty lifestyle, curb your spendings, and get on top of your finances!
5 thrifty tips that will help you to save money
There are many ways to save money, some are rather obious, for others you have to get a bit more creative.
By implementing a few or all of the following five tips you can take some lifechanging steps toward a new, thrifty you and save some serious money.
1. Skip the fancy coffee
As much as you might enjoy your daily soy latte at the train station or that fancy hotspot in town, skipping it could result in considerable savings.
Just do the math with me: let’s say you buy a cappuccino, espresso, chai latte or other fancy drink on your way to work for 2 Pound 70 (which equals $3,50 or €3,10).
That’s not so bad right? However, on a weekly basis this daily coffee habit makes you spend $17,50 and in a year you will have spent almost $1.000!
A thousand Dollars is a lot of money, money that you can save relatively easy by going easy on the fancy coffees.
If you currently don’t have a $1.000,- in your savings account for emergencies, then think twice before spending your money on coffee-to-go.
2. Get rid of cable
I cancelled my cable subscription almost three years ago and sold my tv a few months later (I kept it for a while should I miss cable, which I never did).
Some people still find it weird when I haven’t seen some show or series the night before, but hey, that’s their problem, not mine.
I really don’t miss not seeing tons of commercials in just one movie, endless talkshow conversations and series that have been repeated so many times already that I almost wordly know the actors’ lines.
What I miss least is the monthly bill my former cable operator used to send me. Not having cable saves me €60,- a month, €720,- a year, and by June – when I will be cable-free for three years – I will have saved €2.160,- plus of course the money I received for my old tv 🙂
5 THRIFTY TIPS
3. Sell stuff you don’t use
Even though I have embraced the minimalist lifestyle for a couple of years now, I can still be amazed at the amount of stuff that has entered my home at some point.
Stuff that I don’t use, don’t like, and don’t need. Stuff that I paid money for, stuff that is stuffing my living space, and stuff that I need to organise, move, and clean from the dust it collects over time.
There are a few departments especially where new items somehow magically find their way into my home; my wardrobe for example.
Or rather, the vast amount of clothes and acessories that don’t even fit the closet space. As a result I also have piles of clothes on a cabinet and clothes hanging over multiple chairs.
Of these clothes and accessories only 20% I actually wear. This means 80% can go. Now not all of the 80% will be suited to be sold, but still I guestimate some 40% is. Clothes that can be sold on eBay, Facebook, or in a local thrift store.
Learn more on how to sell clothes online in the article Sell clothes online with my 3 best tips for success.
Clothes that could also be amended and turned into novel items that might be good for selling on Etsy. Clothes that even if they would only make five Pound an item, will still provide me with at least 200 smackers.
So have a look at your stuff and clean out your closet, book collection, cd’s or dvd’s, kitchen utensils, furniture, spare tires, art work, tables etc.
Ask yourself: do I need this? If the answer is no, then think of a way to make it bankable and earn back some of the money you spent when attaining it.
4. Buy what you need at thrift stores
Many people just go to the store and buy what they need brand new. But why?
Think of it: by buying what you need at thrift stores you will save at least 50% of your money!
First of all, ask yourself if you indeed need this item and when the answer is yes, then visit local thrift stores to search for it.
Or look online, on websites where people sell – or sometimes even give away for free – what they no longer need.
Even cheaper: try to borrow what you need from your neighbour or via an online platform. Depending on what it is that you need of course.
5. Prepare your own meals
For some this is a no-brainer and not something to save money on as they already make their own meals.
However, there are quite a few people out there (and I used to be one of them) who buy prepackaged salads, as well as pre-cut fruit and vegetables.
Or sticky sandwiches that have been wrapped in plastic and waited for hours for you to buy them. And cans of sweet drinks that contain enough sugar to run a marathon on.
So what to buy then? Raw, unprocessed fruits and legumes, large bags of brown rice, raw beans that you soak yourself, eggs, etc.
And instead of bottled lemonade, just pour a glass of water from the kitchen tap and if desired spice it up by adding a few leafs of mint, some cucumber, or a few slices of orange or lemon.
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