If you want to start saving more money to purchase your first home or to pay for your retirement simply continue reading to discover 6 smart tips which will help you save money faster.
Smart tips to help you save money:
1. Consider shopping at thrift stores for used items
If you want to slash the amount of money which you spend on essential items such as clothes and furniture in half, it’s well worth getting into the habit of shopping at thrift stores for good quality pre-loved items. You’ll be amazed at some of the deals which you’ll be able to score. As an example, you may be able to pick up a near new pair of skis for under a $100 or you may be able to purchase a sturdy bookshelf for as little as $20.
If you browse a few thrift shops for clothes, you may even find designer branded clothing which are priced under $10.
2. Stop purchasing items which you don’t need on an impulse
If you’re prone to impulse shopping, it’s well worth delaying purchasing an item which you think that you need for 48 hours. After 48 hours if you still want to purchase the item you have your heart set on, go ahead but you may be surprised by the number of times that you no longer want an item after simply waiting 48 hours.
3. Consider carpooling to work in order to save money
If you spend hundreds of dollars on gas per month, it’s well worth asking your colleagues if anyone is interested in carpooling to work together in order to split gas costs. If you can find 3 other colleagues to carpool to work with on a daily basis, you’ll be able to save hundreds of dollars per month by sharing fuel costs.
4. Consider using public transportation to get around
If you live close to a bus stop or a train station, you may also want to consider using public transportation to get from a to b on a regular basis, in order to save money. As typically using public transportation to get around is far more cost-effective than using a car to get around. Especially if you plan on taking short trips around your city.
5. Start buying items which you consume on a regular basis in bulk
If you purchase items which you consume on a regular basis such as cereal, soap and dishwashing detergent in bulk, you should be able to save over $100 per month. As typically you get better value for your money when you purchase items in bulk.
6. Shop around
Instead of purchasing items as the first shop which you visit, it’s well worth visiting several shops in order to make sure that you’re getting the best possible deal on the items which you’re looking to purchase. If you don’t want to waste gas driving from one shop to the next simply use each shop’s website to see how much they are currently charging for each item on your shopping list.
If you implement the advice listed above, you’ll be sure to save thousands of dollars per year. Which will help you save for a house deposit or to save towards your looming retirement.