Boost Your Savings with These Unconventional Strategies
When it comes to achieving our financial goals, every single dollar counts. While tracking our spending, reducing expenses, and investing wisely are essential, incorporating a few unconventional savings hacks can help us reach our targets even faster.
Shop Smart with Discounted Gift Cards
Clara Meth, a marketing analyst from Miami, saves around $600 annually by purchasing resold gift cards for restaurants and retailers she frequently visits. You can find discounted gift cards on websites like GiftCards.com and GiftCardGranny.
Cut Haircut Costs
Visit your local cosmetology school for a haircut and style at a fraction of the cost of a regular salon. I’ve had great experiences with student stylists, and it’s hard to go wrong with a basic trim.
Score Freebies and Discounts
Eric Sztanyo, a Realtor from Kentucky, has saved over $6,000 in free meals by attending Chick-fil-A grand openings and receiving 52 free-meal vouchers. You can also take advantage of complimentary birthday or holiday freebies at your favorite spots or sign up for free trial memberships.
Rethink Storage and Decluttering
The average cost of a 10×15 climate-controlled storage unit is around $115 to $150 per month. Consider decluttering and selling your unwanted items on platforms like thredUP, Poshmark, and Glyde.
Breakfast for Dinner, Anyone?
When groceries are running low, whip up breakfast for dinner using ingredients you already have. This cost-effective strategy can save you money and reduce food waste.
Entertainment on a Budget
Explore affordable entertainment subscriptions like Hulu’s live streaming package, which costs just $40 per month. Lorena Tomasini, a life and health insurance agency owner, uses MoviePass to save around $350 annually.
Comparison-Shop for Utility Providers
Shop around for utility providers to find the best rates. Jonathan Faccone, a real estate company owner, cut his electricity bill by 33% by switching providers.
Grocery Shop on Wednesdays
Wednesday is a great day to grocery shop, as many stores launch their weekly promo specials on this day, and there are fewer shoppers compared to Saturday.
Shop with a Deadline
Limit your shopping trips to avoid impulse purchases. One blogger confines her shopping trips to her lunch break to stay focused and avoid overspending.
Remember Your Reusable Bags and Containers
Use reusable bags and containers to earn discounts at eco-friendly stores like Target and Whole Foods. You can also save 10 cents at Starbucks by bringing your own cup.
Reward Yourself for Smart Money Moves
Create a “swear jar” for smart financial decisions. When you resist the urge to splurge, move that money into your savings account instead. This motivational trick can help you stay on track and build your savings over time.
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