A few small adjustments often provide great results. This is the same with these money-saving tips – it hardly costs you any effort, but your bank account is well covered.
Little money-saving tips
Many people say that it is impossible to save on anything. Because yes:
- the monthly mortgage amount is very high
- you are busy repaying your student loan
- that trip to Faraway Gistan turned out to be very expensive
- you still want to keep eating your smoothie bowls and avocado toast at your favorite shop in town
I get it, you want to enjoy your life. We all want that.
Just think how nice it is if you have more money left over every month. You build up a buffer, so you can push money aside to a savings account or get more financial freedom to spend monthly.
You don’t have to take a close look at all your finances at once, but let’s take it step by step. With every small saving, you get a little more financial freedom back.
These are my 7 money-saving tips
1. Save time with time management
Time is money. Not only because your time is extremely valuable, but because money stands for value.
Let’s say you have a few hours a week off. You can get a lot done in those ‘free’ hours. If you would use part of this time to bring down your fixed costs, you will have a good money-saving tip in one go.
2. Switch to a SIM-only subscription
If you switch to a SIM-only subscription, your monthly high telephone costs are a thing of the past. You can already take out a SIM-only subscription for a few money per month.
The only drawback: you pay your phone in one go instead of spread over 1 or 2 years.
A big advantage: you probably do a lot longer with your phone.
3. Stop snacking and soda
Or quit almost completely. All those glasses of soda and candy that you consume in a day or a week cost you a lot of money. Suppose you take a can of Coke and a Twix from the vending machine at work every day.
- A can of coke costs $1 and a Twix 0.80 cents.
- Each month this will cost you $40 – on an annual basis, this is almost 500.
A small saving gives you a lot.
It may be a bit difficult to stop in the beginning, but slowly finish it and you won’t know any better later. It is good for your body too.
4. Take care of the fresh drafty places in the house
With us, the cold spots in the house are quickly found. We live in an old house and in recent years we have already done the necessary things to better protect our house against those cold days. Such as placing a draft strip at the front door and having a retention wall installed with insulation.
A big saving where you can save a lot on your energy bill. And on handkerchiefs. No more runny nose and stuff.
5. Save by investing
You can save a lot of money by investing. That sounds contradictory, but by making a large or small expense right now – depending on the investment – your expenses will be a lot lower.
- to replace your incandescent and energy-saving bulbs for LED bulbs (as I showed in this article )
- have solar panels and/or a solar collector installed
- to dispose of or exchange your car for a smaller and more economical model
6. Switching and canceling unnecessary insurance
Spend less money on insurance. We all like it when our insurance has good coverage. After all, you don’t want to be surprised if something happens in your house or if your car is stolen. And yet many people have extra or too expensive insurance.
You can easily check whether you can save on something via my savings checklist. Without costing, you anything extra, it only makes you money.
7. Save on unnecessary energy in the kitchen
It seems obvious, but you can probably take a big step to save money on leaking energy. By this, I mean wasted energy, especially in the kitchen some appliances cost you an unnecessary amount of money every month.
A few examples:
- Do not preheat an electric oven longer than necessary. Often this happens for much longer than necessary.
- Turn the fridge down a notch. Our refrigerator is standard on the lowest setting (the least cold) and everything is still cold.
- Do not just put everything in the dishwasher if it can also be used again. This way the dishwasher does not have to run as often. For example, a plate with some breadcrumbs can be wiped off and used again.
- Use wide pans when cooking so that the heat and energy are not lost along the side of the pan.
Depending on what you can still save on, the above money-saving tips can help you to save more money.