15 MONEY SAVING TIPS AND TRICKS
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15 Money saving tips and tricks everyone should use.
- Use ceiling fans more often. The cost to run an average (older) ceiling fan is .02 per hour while the cost to run a window Air Conditioner for a medium sized room is closer to .40 – .70 cents per hour That’s $571 savings for only 3 months (10 hours a day 7 days a week for just 3 months).
- Shaving Gel. Buy men’s shaving gel. The cost of lady’s shave gel is .43 per ounce while men’s shave gel runs only .20 per ounce.
- Car Tires. Keep your tires properly inflated. For every 5 psi of air pressure below the recommended amount (35 psi for my car) you lose 2% on gas mileage plus the extra wear and tear on your tires.
- Utilize the Library. Save money on buying books and movies that will only be watched or read once or maybe once every several months. Borrowing from the library is FREE.
- Wash Clothes in Cold Water. You can save an average of $63 per year by setting your wash and rinse cycles to cold. If you find that you have some loads that NEED to be washed warmer (dirty, sweaty work or gym clothes) try a warm wash and cold rinse cycle.
- Switch Phone Carriers. My husband and I switched from a big national name carrier to a prepaid plan and went from paying $65 per line to $35 per line.
- Utilize online or smart phone calendars. Set reminders on calendars for when your bills are due and save 35 on a single late payment.
- Pay off Credit Cards. Just carrying a balance of $1000 on an 18% credit card is costing you $180 PER YEAR!
- Carry Cash. I know so many people that NEVER have cash. I always have cash. It is harder to part with cash than it is to hand over a piece of plastic. This will help to keep spending down when you know you only have so much cash.
- Meal Planning. I was never a big planner. I despised the thought of thinking that far ahead for anything. Once I started becoming more aware of my money I decided to give it a try. Now, I plan according to the sales flyer for the week and my family and I plan for one week at a time. This gives me a chance to see what we need for the week, and then see what we have on hand. I no longer come home with something and find I already had it. (See, saving money there too)
- Use Coupons. I am not saying use 39 coupons at every shopping trip and become that crazy coupon person every cashier dreads. But if there is a coupon for a product you already are going to purchase, why not use it? If I hand you $1 to buy a bottle of ketchup that you were already going to buy, you would take it, right? Same thing. DO NOT buy something JUST BECAUSE you have a coupon though.
- Buy in Bulk. For nonperishable items, like toilet paper, deodorant, and paper towels, checks the price on that twin pack. It is not like it will go bad and you are going to need it again next month.
- Surge Protectors. Use surge protectors for electronic devices and switch it off when not in use. My son has several electron devices in his room. I found that be switching the surge protector off when he goes to bed at night and not turning it back on until he gets home from school has dropped our electric bill down by, roughly, $17 per month. That’s a savings of $204 per year just for the ONE room.
- Make Coffee at Home. The cost of a 16oz coffee from a chain store is about $2.10 for a plain coffee. Just one coffee on the go, every work day is $546 per year. A 30.5 oz can of Folgers runs just under $8.00, which will make approximately 240 8oz coffees and works out to $0.03 per cup. If you like flavored coffees, google copycat recipes for the flavor you like. I happen to REALLY enjoy Starbuck’s Caramel Frappuccinos and you can get the recipe Here.
- Go Meatless Once A Week. The most expensive part of any meal is the meat. By going meatless once a week can save an average of $15 for a family of 4. That equals a saving of $780 annually.
I hope you enjoyed this article and found some useful ways to save in your budget!
Do you have money saving tips and tricks? Drop a comment and tell us how you save.
Check out 5 Tips to Saving on Groceries