Unique Ways To Save Money-Some Unconventional Ideas

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Avoid using credit cards

 

important key to creating your dream life is having financial freedom and creating financial abundance. That means having enough money so that you don’t have to worry or stress about how you’re going to pay your bills, having more than enough money so that you can live comfortably and happily. To make it super simple: There is two ways to have more money and that is to 1) save more money, or 2) make more money. Today I want to share with you some unique ways to save more money and how you can make more money.

  • Always use cash instead of credit cards. In today digital culture where it’s so easy to pull out that credit cards to buy something online, pay your friends back using your phone, that we sometimes don’t realize how much we are spending. It just looks like a random number and you’re like, “Okay, click click click.” It’s super easy. So using cash instead of using your credit card will help you realize how much you’re spending, and when you see that amount of money in cash, it just seems like so much more money because of the physical paper.
  • Write down all of your spending, all of your expenses, on paper. Take time to look at your past transactions and really keep track of how much you’re spending. See where your money’s going. How much are you spending on food? How much are you spending on Amazon or groceries? It can surprise you, and this is your chance to bring awareness to this area so that you can see where you can start to cut back.

 

Cut the fat and leave the meat

 

I know that heading might sound crazy but get rid of any excess bills that might be weighing you wallet down. Here are a list of some of those:

  • Cancel any unnecessary subscriptions. You might just be subscribed to something that you don’t realize you’re subscribed to or something that you don’t use anymore, that you can technically cancel or put on hold. For example, you might realize that you haven’t shopped on Amazon as much as you did before, so why not cancel that annual Prime subscription.
  • Always Google a coupon code. I can’t tell you how many times I’ve saved money using this trick. I never check out without Googling for a special promo code first because I just know that there are so many promos and coupon codes out there. So for example: There was this software tool that I wanted recently and it was pretty pricey. I was just about to make the purchase when I decided to do a search on Google to see if there was a coupon code for that software product. And, to my pleasant surprise there it was, a 30% discount code. So I just took that code, inputted it, and my cost came out to be $137.90. So I saved $59.10 just by a quick Google search.

 

Riding the rebate train 

 

Use Ebates to get cash back on your purchases. You can actually get up to 15% cash back when you shop online through Ebates. If you haven’t heard of Ebates, it’s the largest cash back site which partners with over 2500 of the biggest name brands like Sephora, Amazon, Adidas, Urban Outfitters, even Coursera, to bring you cash back coupons and promo codes, all for free. I’ve been using Ebates since 2015.

 

I love that it rewards you for shopping at places that you would normally already shop at. So it’s kind of a no-brainer to use. It feels like free money. Using Ebates is super easy. I personally like to use the Google Chrome extension so that whenever I’m doing some online shopping, then there will be a pop-up letting me know if that shop has Ebates Cash Back. So there’s just a button that says “Activate Cash Back”. You click it and you’re good to go. You can also get cash back by shopping through the Ebates website. When you go on the website, there are tons of brands. You just click through it and then you’ll be on the road to getting cash back that way as well.

 

Rainy days do come

 

Start building an emergency fund. An emergency fund is a sum of money that is about 3-6 months-worth of your expenses. So calculate your average monthly expenses and times that by 3-6. It just depends on whatever number makes you feel good, whatever number lets you sleep at night. That is your emergency fund to dip into whenever there is an emergency.

  • Start building this by making a plan to start setting deposits to that emergency fund. You can make this automatic, or it doesn’t have to be automatic. Start to consciously think of ways to save that money, and then actively transfer it to your emergency fund. Trust me, once you start thinking about it, the ideas will come and before you know it, you’ll be on the way to building that emergency fund safety net and you’ll be good to go.
  • Schedule your shopping allowance. This is a way to limit your shopping habits. So instead of shopping whenever you feel like it or whenever you’re bored, set a schedule for your shopping. Allow yourself to buy clothes once every other month or once every three months. Maybe every quarter when there’s a new season, that’s your opportunity to start shopping. Whatever, you make up the rules that work for you. What you can do is start adding items to your shopping list. Just use any list-making app, and write down things that you want to buy as you think of them. Don’t buy them right then. Just put them on your list like, “Oh, I need new socks,” or “a new blender”. Put these all in your list and schedule a day in your calendar to let yourself shop. That will help control any impulse buying. And it will help you be a more calculated and planned-out shopper.
  • Wait it out. So if you don’t like the previous tip on scheduling your shopping allowance, you can also apply this tip to “Wait it out”. Give yourself 14-30 days after you want to buy something to actually buy it. This also helps curb that shopping impulse, if you don’t do any impulsive shopping. So when you want to buy something – say you want to buy a new camera or a new laptop – really sit on it.Don’t buy it immediately. Take your time, I would say 14-30 days. And then after those days, if you still feel like you want to buy it then make your purchase. That way, you’ll make more informed and smart choices.
  • Only buy what you really need and what you’ll really use. I kind of want to counteract the popular belief that shopping in bulk is a way to save more money. Yes, in some cases, it is. But I see a lot of people kind of go overboard with it, people who like to save money like to buy bulk everything, like “Let me buy 20 paper towels,” or all of this toilet paper or all of these hand creams, all of these bananas, just because they’re on sale. But, hey you decide what works for you.

Saving money while making money

 

This is probably one of the best and unique ways to save money that my wife and I have found. Over the years we have been exchanging some of our paper money for Gold in small amounts and it has also been a way for us to make more money. Remember I mentioned earlier that there are two ways to have more money. Either you save it or you make it. The reason why I draw attention to this is because gold has proven to hold its value over the years in spite of inflation and it only makes sense to have some in your financial portfolio. However, it does fluctuate but it has proven to retain its buying power over time.

 

Another unique way to save money is to convert some of your money into Crypto-currency. There has been a lot of talk about Crypto-currency particularly Bitcoin in recent times, and while I believe it is still risky, I have been fortunate to be able to purchase some Bitcoin and watch it increase in value which resulted in an increase in the size of my savings account. Now I don’t suggest that you run out and start buying Crypto-currency but I do recommend that you become educated on it and then see if it is something that you want to pursue. In the final analysis you are either going to save more money or make more money in order to achieve success in your financial life.

If you would like to learn more on how you can open a free account and start saving in gold feel free to click on the banner above. To learn more about Bitcoin and Crypto-currency check out this link Learn about Crypto. As always please comment and share this post. Talk to you later!

 

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