Whether you are trying to live more frugal, or just figuring out what it’s going to cost to move to a new city it’s going to take some effort. And in the ever evasive quest to pinch pennies, there are a million and one tips to save money, but finding the best methods isn’t always easy.
4 Tips to Save Money
These tips to save money are sure to make a significant impact in the long run.
Save money on housing
One of the most extreme ways to save money is simply to change where you live. For example living in New York can easily run you over 376K for the median home. On the other side of that equation are places like Detroit where 100K can get you a 3,200 square foot home. That’s a huge difference.
Now I am not advocating moving your family from a safe neighborhood to the bad side of Detroit. That would be harrowing, but if you are ok with a little bit of a commute, then it is entirely possible to from big city living, into a suburb for half that price of what you are used to paying. Then if you consider cutting back on the actual size of the home, it’s not unheard of to cut your costs into a quarter of the price.
But you do of course, have to consider whether the change in lifestyle is something you are willing to put up with. This is one of the best tips to save money, but making such a drastic change certainly isn’t for everybody, however the rewards are there if you are willing to shop around.
And if you are really looking to save money on housing, then you might want to consider becoming a caretaker. I’ve done this, and I am currently doing this at the time of writing this article, and you want to know what is better than paying rent? Not paying rent! And want to know what is even better than that? Getting paid $800 to live in a 1,200 square foot house! Granted, it’s not all sunshine and rainbows. I have to fix everything around here (even the septic system), but still, if you can find a position that is a good fit for you, then it can be one of the best deals you’ve ever seen.
Get rid of services you don’t use
I’m not going to lie it’s nice to have cable TV. But should I be paying for it? Well seeing as I don’t really watch TV it’s kind of a useless service. That’s why I don’t pay for it, and you shouldn’t either. It’s not so much that there isn’t any inherent value in entertainment I’ve written two novels after all, it’s more so that I my free time is spent on working on things I actually like (which is why I’ve written two novels instead of watching the news).
To take matters further, you are probably spending money on other things you don’t need or use either. That gym membership you got last new year, and promised yourself you were going to use 3 times a week, well if it’s costing you money every month and you aren’t using it. Then it’s time to throw it to the wind. Though trust me, I understand the need to get in shape, but there are other options. Consider this pay as you go program. With no contract you pay only when you use it, it’s pretty nifty.
Keep yourself out of stores
Did you know store actually spend big money on figuring out just which kind of music is going to get you buy more than you need? It’s true, and there is actually a lot more that goes in to tricking people out of their hard earned dollars. From the colors to the way that store associates treat you, it’s all just a big way to get you to buy more. But that should come as no surprise, it takes a lot of money to run a brick and mortar store, from the building rent, to just keeping the lights on can be thousands upon thousands of dollars a month, and they know that they don’t have a very big window to up-sale you, so they make the most of it.
Because of this, one of the best tips to save money, is simply to stay out of stores. The more you actively avoid situations where you are likely to spend money, the easier it is to keep it in your savings account, instead of tucked away in those new boots you just had to have.
This goes for online shopping as well. The same tactics apply for websites, they are designed to get you to buy. But you can make the process a bit harder. If you make sure that you remove your payment information from the sites you commonly shop at, that is going to give you more time to determine whether or not you actually need what you are buying.
Decide who to hire before an emergency
Oh no! The pipes under the sink are leaking, better call a plumber. Though as it turns out, you should know who you are going to call a long time before that. The best prices take a little elbow grease to find, and if you are in an emergency, you are way more likely to pick the wrong provider.
Instead, you should make a point to shop out all of the services that you are going to need in case something goes wrong. A little bit of planning can save you hundreds of dollars a year, and as it turns out, many of these people are willing to talk with you about their services and prices without having to pay them a thing.
So take the time, find the best handyman, plumber, electrician, mechanic, roofer, etc… because when you need them, you’ll know you’re already getting the best price.
Though if you really want to save money on maintenance, then you should take the time to learn how to fix things yourself. It’s amazing just how much money goes into labor.