From new clothes and vacations to birthday celebrations, it seems like there are almost endless opportunities to spend money, and too few to save. However, that isn’t really the case, and you can save more money than you spend if you get your priorities straight and you do some of the following smart and surprising things to save you more money…
Get an App
Sometimes, saving more money can be as simple as downloading an app. Mint, for example, is an excellent app which allows you to keep track of your spending, savings and even investments, so you know where you’re at and what you can do to save more. It is also really good at helping you to stay on budget.
Fix Your Credit Score
Why should you fix your credit score? Because the higher your score is, the easier it will be for you to access lower interest home and car loans, for example. If you need to access these sources of ‘good debt’ then you’ll benefit from a good score.
How can I fix my credit? You can do numerous things from settling old debts to paying all of your credit cards, loans and bills on time. It really depends on what your current situation is, but make sure you do what needs to be done because it can be of huge benefit to your life.
Buy Produce in Season
Want to save money on your groceries? You can save a surprising amount of money by simply buying fruits and vegetables when they are in season. Because they are more plentiful, they tend to be cheaper and have a longer shelf life than out of season foods, which means you can save money on two fronts.
Take Out a Loan
How does taking out a loan save you money? When it’s a debt consolidation loan to clear your debts and lower the amount of interest you have to pay annually. If you have various debts, it is definitely worth looking into such a loan because not only can it save you money, but it can make managing your finances a whole lot easier too.
Be a Little Risky
I know a lot of people are hesitant to risk any of the money they have earned, but really investing in stocks, shares, commodities or even real estate is a pretty smart way to save more money, not least because, if you play it smart it will increase your capital by a little, or hopefully a lot.If you don’t know where to start with investing, ask a financial adviser to help you out. If you tell them you’re pretty risk-averse, they won’t advise you to do anything too scary.
Switch to Streaming
A lot of people are surprised when they hear that they can get a number of streaming accounts, including Netflix, Hulu and Amazon Video for a fraction of the cost of cable, making it a smart and surprising way to save more money. It’s also one that doesn’t see you losing out on anything.
What are your top tips for saving more money?