No matter who you are, you are probably looking for ways to save money. While some ideas you may have found on the internet can be considered common sense, there are many ways to keep your money in your bank account that can be considered weird or unusual. Here are just a few of them.
Throw away the vouchers
You have likely been asked multiple times to prune your coupons and every penny counts. However, the dirty little secret of coupons is that they are almost always for branded products that are inherently more expensive. Think about it, when was the last time you saw coupons for generic drugs? Because of this, it is often wise to ignore the coupons and buy the generic / private label versions of the products instead. They are usually of the same quality level as the bigger brands, just with less attractive packaging.
Make your own personal care products
One of the biggest expenses a household can face is purchasing toiletries and other household items. A cursory search on the internet reveals many recipes for making toothpaste, shampoo, soap, and mouthwash. You can even make your own detergents. Not only are these homemade products often better for your body because they’re made from natural ingredients, but they’re also better for your bank account.
Borrow money to save money
On the surface, it might sound strange to take out a loan to save money, but sometimes it’s a good idea. For example, if you live in the United States, you are likely still paying for the student loans you took out for college. This usually involves separate payments to several different lenders, each with different interest rates. With this in mind, it might make sense to consolidate the student loan to combine the different interest rates and terms in one payment. Not only can this potentially save money, but it can also save the time it takes to send payments to multiple sources.
Make your own gifts
Another way people tend to spend too much money is by buying overpriced gifts that are rarely used. One way to show your affection without breaking the bank is by giving your own gifts. Homemade picture frames with a photo of a favorite time in life or a group of friends, candles, artwork, a Christmas basket or other craft projects are great gifts that are much more heartfelt than gift cards or items from large stores. People will also remember these handcrafted gifts for much longer than gifts bought last minute without even thinking about it.
Buy used whenever possible
Before making any purchases, check out the local thrift stores first. They sell everything from clothing to appliances and most of the things in between. You can save a significant amount of money by buying used items, and you will also be doing something good for the environment by keeping these things out of landfills. Keep an eye on the sales that are possible in each store as many of them have special days of the week whose prices are better than the already low prices.
Drive less, run more
Try to walk whenever possible. This may not always be practical, but even if you drive a day or two less a week, it will save you a fair bit of money that you normally spend on gasoline. Running more means your vehicle is less worn, saving you money on unnecessary repairs. There’s also the added benefit of getting more exercise. Staying active and staying fit may mean less time in the doctor’s office and less money on prescriptions.
Buy groceries straight from the farm
Instead of buying everything you can from your local grocery store, head to the local farmers market first. While they may not have everything, you can get farm fresh produce, meat, fish, milk, and other products like honey or homemade jams and jellies. Some farmers even take advantage of the subscription-based services so many have become accustomed to, offering weekly boxing deals to those who sign up at the start of the season.