Every family and every individual know the importance of cutting spending in today’s economy. However, many of these individuals do not realize that cutting spending in little ways can also help in this endeavor. Here are 5 smart ways to save money fast!
This post may contain affiliate links for your convenience. Please read my disclosure policy here.
5 Smart Ways to Save Money Fast
If you cut spending in many little areas, they will add up to significant amounts and the effect on your daily life can be minimal. The rewards, however, can be maximum.
As simple as this sounds, carpooling can save you tons of money, time, and even wear and tear on your car. You may not realize the major impact multiple short trips have on your vehicle. By taking short distance trips frequently, you literally ruin your brakes. Stop and go and neighborhood driving is terrible for your vehicle. By carpooling, you save the wear and tear on your brakes and your tires, as well. Saving gas is an added bonus. I carpool throughout the week with two of my co-workers, and we switch off taking each of our cars. It really makes a difference.
2. Lightening the Load
While on the subject of vehicles, by lightening the load in your car, you can save on gas. The heavier your car is bogged down with junk, the less efficient your gas mileage is. If you have heavy cases of water, tools, or heavy-duty hockey equipment, lightening the load will get you better gas mileage.
3. Pay Cash at the Pump
Paying cash at the gas station is a significant way to save money. If you notice, certain gas stations like Chevron or Shell charge about ten cents more if you pay by credit card. And, other gas stations charge a small fee for using your card. So, having some extra cash on the side just for gas helps saves you money on every gallon.
4. Make It a Night In
If you are used to eating out for convenience, get used to cooking and eating in more often. If you incorporate the entire family, it will not seem like such a chore. Have one person set the table, another clear, one cook, and another clean up. For pennies on the dollar, you can have a great meal, save money, eat healthy, and bond with your family. It is a win/win situation all around. If you need something to help you create the right habits for a healthy eating lifestyle.
5. Keep the Plastic at Home
As simple as this sounds, keeping your plastic at home when you go out shopping will save you tons of money in impulse spending. Bring exactly enough cash for what you need. If you have spendable income, decide before you leave the house how much of that money you will spend and bring only that amount.
By bringing cash and no plastic, you will buy only what you need and leave the store unscathed. Once you arrive home, you will realize that you did not need that bright aqua silk scarf that would not have matched with anything anyhow. Utilizing this method really works for me, and keeps my finances balanced.
Now that I have shared 5 smarts ways to save money fast, I’d love to hear from you. Which ways work for you when it comes to saving money? Share with me in the comment section below!
Read more about>>>Controlling Your Finances
Disclaimer: I’m not a financial expert, and do not guarantee these ways will work. These are some tips I’ve learned along the way. It’s also important to do your own research when making any financial decisions.