If you’re looking for creative ways to save money, then you’ve come to the right place. Here is an unusual approach to frugal household tips.
What I’m really trying to convey here is that sometimes the most creative ways to save money actually deal with how to get around the the problem of uncontrolled spending rather than tackling it head on.
Here are a few examples:
Don’t Go to Shopping Centers and Malls for Entertainment
Going to shopping centers is an invitation to spend money on things you don’t need, and didn’t intend to buy on the first place.
Don’t Spend Money to De-Stress
If you need to de-stress after a long day at work, try meditation, yoga, stretching or a variety of other techniques to relax instead of blowing money on stuff you’ll regret buying even before you get it home.
Don’t Confuse ‘Want’ with ‘Need’
Before reaching for your wallet, take a pause to think if you really need what you’re about to spend money on. Did you need it yesterday? Will you need it tomorrow?
Is it possible that you don’t need it, but rather just want it?
Master the Thirty-Day-Rule.
Similarly, whenever you’re about to make a purchase, wait thirty days (even a week will do!) and then ask yourself if you still need/want that item.
Quite often, you’ll find that the urge to buy it has passed and that you’ve saved yourself some money simply by waiting. The thirty-day-rule is one of the best creative ways to save money ever!
Learn to Say ‘No’
How often does a ‘swift half’ after work turn into a $60 drinking session? Saying ‘no’ a few times a year will do wonders for your bank account.
Stop Trying to Keep Up With the Joneses
keeping up appearance can be very costly, especially on the long term. The fact that the Joneses got a new car should mean nothing to you.
Did you intend getting a new car prior to this? Have you any idea on the Joneses financial status?
Remember, you can’t judge someone by what they have because you don’t know how they got it. Chances are they’re in more debt than you are.
Join Forces with Your Neighbors
Instead of going to the DIY store to buy a tool you need, how about asking your neighbors if they can lend you such tool?
Not only your neighbors may have what you need, but they will be delighted to be asked to help.
Ask Yourself: “do I really need this?”
Ever found yourself killing an hour in a department store? There is always something nice on sale, at half price.
“Sure, I can use this, I’m really lucky that it’s on sale” – is your first reaction…
But wait a minute. Stop right there. Ask yourself – do you really need this?
Exactly, Put it down and walk away.
The Lottery – It Won’t Be You!
Should I say more?
Just 1 pack a day accumulates to more than $3,000 a year! Not to mention the long-term future medical costs…
Should I say more?
Give Up Your Gym Membership
Unless you really use it twice a week at least – you’re wasting your money.
If you use it less frequent:
- Try negotiating a better price. The rates in most Gyms are negotiable. Some Gyms offer reduced rates for non-rush-hour limited memberships.
- If you’re applying for a new membership, don’t commit for a whole year. Insist on a test period. Most people find out during this test period that they use the membership much less than what they initially thought they would.
- Try switching to a pay-as-you-go program. If your health club refuses, switch to one which offers such programs.
- Consider working out at home for free. You would be amazed at what people can achieve with just body-weight exercises and light free-weights
- Some insurance companies give rebates on Gym memberships. It’s worth finding out whether your company gives such rebates.
Swap Babysitting With Your Neighbors.
Instead of paying extra money for babysitting every time you go out, try to find another set of parents or two that you trust and swap nights of babysitting with them. That way, you’ll get occasional evenings free without the extra babysitting cost, lightning up on your wallet.
There are many more creative ways to save money by teaming up with your neighbors such as sharing rides to/from school/daycare, swapping toys, games, video CDs and much more. Be creative!
Your entertainment expenditure can punch a hole in your budget. Learn how to save money on Entertainment, Books, Magazines, CDs & DVDs with a few simple tips.