If you’re sick of spending all of your disposable income and failing to save a proportion of your income, simply continue reading to discover 4 smart ways to save money on a weekly basis.
How to Save Money: 4 Smart Ways to Save Money
1. Carry around cash, instead of using debit cards and credit cards
One way to ensure that you stick to your budget is to withdraw cash, for each event that you attend, to avoid overspending. As an example, if you head out on a shopping trip, it pays to withdraw your budget for the day in cash, so that you know exactly how much money you have to spend.
If you have reason to believe that you’ll still be tempted to use a card to purchase additional items, once you’ve spent your allocated budget, it’s well worth leaving your credit cards at home.
2. Always be on the lookout for special deals
Instead of paying full price for items, make a habit out of searching for sales and special deals. As an example, you may be stock up on essential, non-perishable items at your local grocery store when they are on sale or you may want to purchase a new television during a 30% off sale. You may even find that you can score half-price tickets to the movies, on a pre-determined day of the week.
If you try to avoid paying full price for items, you should find that you’re able to save hundreds or even thousands of dollars each year.
3. Don’t be put off purchasing generic branded items
If you have a habit of purchasing items, you may want to consider switching to purchasing generic items, which often offer the same level of quality as branded items at a fraction of the price. As examples, you may be interested in buying a generic branded washing machine or a generic branded box of cereal.
By switching to purchasing generic branded items, you should be able to save yourself thousands of dollars per year. Which will help keep your bank account’s balance healthy!
4. Don’t be too proud to purchase pre-loved items
While there may be a little bit of a stigma surrounding purchasing pre-loved items, you can often find high-quality pre-loved items, which are in near new condition, for a fraction of the price which you’d expect to pay in store. So if you’d rather purchase high-quality items over cheap items, which are likely to wear out or break down within a couple of months, it’s well worth exploring yard sales, online auctions and thrift stores for bargains.
As examples, you may be able to pick up a solid wood writing desk for $100 for your home office or a designer coat for under $50. You just never know, what you may be able to pick up.
So if you’re keen to save thousands of dollars per year, in order to save for your financial future, it’s well worth implementing all four of the proven money saving ideas which are listed above.