Although savvy consumers are experts at using coupons and shopping on a budget, those aren’t the only methods to save money. You’re practically leaving free money on the table if you don’t use all the life hacks that are at your disposal.
You can reduce your budget by hundreds or even thousands of dollars a year with a little work and ingenuity. You can even find methods to make more money without working more if you take care of a few little tasks on your to-do list that you’ve been putting off. To regain control over your financial destiny, follow these actions.
Scan Grocery Receipts for Cash Back
Using smartphone applications that give you cash back on grocery store purchases can help you save money on groceries. After shopping, all you need to do is scan your receipts. With only a few minutes of your time, you could easily make $5 or more each week.
Buy Prescription Drugs at Costco Without a Membership
Prescription medications are reasonably priced at membership warehouse shops like Sam’s Club and Costco, and you are not need to be a member to purchase them. So, without having to pay $60 or more a year to join the club, benefit from Costco’s inexpensive costs on medications that are prescribed by a doctor.
Get a Lower Interest Rate With a Balance Transfer
You don’t have to endure your high-interest credit card debt any longer. Making a balance transfer to a card with a low interest rate is a simple approach to reduce expenses and maybe save a lot of money.
Get More Ink Out of Your Printer
Dark blue text will allow you to print a few more times before needing to buy a refill if your printer runs out of black ink or toner. Arial and Courier New are two thinner typefaces to choose over heavy, ink-wasting ones.
Ditch Your Low-Interest Savings Account
It’s likely that you are receiving a low interest rate if you are still using your initial savings account. Rates of 0.50% APY and greater are available on several high-yield savings accounts. If you deposit $25,000 and keep it there for a year at that APY, you’ll essentially earn an extra $125 without doing anything. If you don’t create a high-interest savings account, you are effectively turning down free money. Why would you do that?
Shop With Discount Gift Cards
Looking for inexpensive or even free gift cards? Websites that exchange gift cards provide cheap gift cards for all of your favorite merchants at prices lower than the cards’ face value. Purchase a lot of them and use them in place of cash to make future transactions.
According to research, you’ll spend less money if you pay with cash instead of a credit card. Take this advice a step further by only carrying large, difficult-to-break banknotes, such as $50 or $100; this will prevent you from making impulsive purchases.
Skip the Rental Car Insurance
Many major credit cards and private motor insurance plans cover rentals, especially if they are used for personal rather than professional purposes. Although you should double-check the policies, there’s a strong possibility you may forego the pricey insurance the rental vehicle business offers in order to save money on your rental.
Make a DIY Cleaner
By adding equal parts boiling water and white vinegar to a heat-resistant glass jar with leftover citrus peels, you may create a low-cost, all-purpose household cleanser. Before straining it into spray bottles, cover the mixture and leave it rest for a week.
Save by Using a Clothesline
Dry your clothes on a traditional clothesline to transport yourself back in time. The Simple Dollar estimates that for every hour you spend hanging your laundry, you will save approximately $10. In addition, you will spend less money on dryer sheets and your clothing will last longer. Wait until Labor Day if you need to buy a new dryer to receive the greatest prices.
Opt For the Thriftier Swiffer
Have you ran out of Swiffer WetJet? Instead of purchasing another Swiffer-branded container, remove the lid off the fluid canister and fill it with a less expensive, concentrated cleaner diluted with water. You may also save money by using dryer sheets for your sweeper instead of Swiffer sheets, whether they are brand-new or old.
Find Alternative Payment Methods for Big Events
Finding the money to pay for significant life events, such as a wedding, a move, or a memorable trip, can be challenging. And it might be quite tempting to just use one of your credit cards when it’s difficult to come up with the money.
Instead, think about getting a new credit card with a 0% introductory APR so you can pay off the debt gradually and save money.