Saving lots and easy money here and there – from quick savings tips to changing your outlook on money. In this article, I share the necessary ways in which you can easily save money.
Easy ways to save money
One likes to make a lot of money, another does not have this as a top priority. But when we talk about saving money easily, I think we all agree: no one likes to spend too much money.
That’s how I feel about it myself. I have already written many articles on this topic on my website – including these easy budget tips for saving money. By reading about savings and delving further into this topic, I have made huge leaps in recent years to easily save more money. Money that I have left – so that I can invest this money again to improve my quality of life:
- increase financial buffer
- accelerated repayment of the mortgage
- save for a purpose etc.
You can easily save money by cutting costs quickly or by looking at the long term. I prefer a combination of both. By looking in a smart way at the bond you have with money, you build a balanced balance with money.
Below I give you the necessary diverse tips to save money easily.
How to save money – my saving tips
1. More luxury = less luxury
Whether it is a costly monthly hairdresser visit or those (expensive) filled chocolate eggs with praline filling. The more luxury you bring into your life, the more money you have to rake in monthly to be able to afford everything.
With more luxury, you actually make your life less luxurious. You have to work harder to pay for all the expensive expenses. By cutting expensive expenses – decide for yourself whether you want to and can miss these expenses – you can easily save money. In my save eBook I tell you a lot more about it.
2. Give yourself two weeks to consider
Have your eyes fall on a new toaster in the store and do you go to the checkout without thinking too much about it? Ho. Stop. Ho. Do not.
At least – not immediately. Put the toaster back in its place in the store (or empty your shopping cart online) and take your agenda with it. Add the following reminder to yourself in your calendar two weeks later:
Are you still very happy in your diary two weeks later after seeing this reminder? Then you can be almost sure that it is really something you want. This way you ensure that this is a conscious purchase that you would like to have.
I have already held up a mirror to myself with this trick a few times because, in 4 out of 5 cases, I didn’t even know why I wanted the product. Good saving tips if you ask me, your home will remain nice and minimalistic.
3. Set concrete savings goals
A good motivation to want to save money is by setting concrete savings goals. A few savings goals you can set yourself:
- in 5 years you would like to buy an electric car;
- if I have saved $3000 I want to fill the roof with my house with solar panels;
- build up a savings buffer of $5000, so that I can work one day less.
The above three examples are concrete savings goals that you can set. By setting these kinds of clear goals, you are less likely to make impulse purchases in between. You have a clear savings goal in mind.
Want to read more about how to set good savings goals? Then read this article – in the last tip, you can read that it is good to first pay your savings account.
4. Becoming financially independent – FIRE
Another important goal you can work on, and I admit – it’s not the easiest trip:
- Becoming financially independent (and retiring early) – also known as FIRE.
FIRE – a new perspective on early retirement – has blown over from America. The founder of this phenomenon is Mr. Money Mustache. He explains in clear blog posts how you can become financially independent yourself. In the Netherlands, too, the necessary blogs have been created on this subject (such as fire and this blog ).
In short, what does becoming financially independent mean? Not having to work for money anymore. Make the money work for you. That may sound like a far-from-your-bed show, but this can be easier than you think and doesn’t necessarily mean you have to make a lot of money.
- Earn an income and not spend a large part of this income;
- Invests the unspent income: in a savings account, in investments, in a company, paying off your mortgage, in several houses of which you then become landlord, etc .;
- May declare yourself financially independent if your income from your investments is equal to or greater than your expenses;
- At some point, if you are financially independent, you may also decide to quit any job you have and retire before the official retirement age. You don’t have to stop working if you are financially independent, but you have the choice to do whatever you want.
5. Easily save money by investing
You can save money a lot and relatively easily by investing. A contradictory thought, because you have to spend money before it will yield you anything. However, by doing a major or minor expense right now – depending on the investment – your expenses will really be a lot lower.
A few investments:
- replace incandescent and energy-saving bulbs for LED bulbs (as you can see in this article)
- make your home more sustainable by having solar panels and/or a solar collector installed
- insulating your house – these 5 things you can do yourself
- put your car away or exchange it for a more economical model
I hope the saving tips in the article will help you save more money. It is not always easy, but you can often do much more than you think.
Do you have any tips, suggestions, or ideas to save money? Let me know in a comment below!