Recently, I vowed to save money and simplify my life by eliminating unnecessary expenses and staying out of debt. But, I quickly realized that I was not alone. Many people think that if they only try a few things, they will be able to live more frugally.
It’s easy to be tempted to spend a little more on a new electronic gadget every time you get a shiny new one, but you really don’t want to spend more money than you have to. Here are a few ways you can save money on the latest electronics without sacrificing quality. ~
Although personal finance can be overwhelming with all the advice from various blogs and websites, one thing that is easy to remember is to save some of our hard earned cash. With the country’s economy in the doldrums, many of us are finding it hard to come up with a way to save money, but it doesn’t have to be this way. Here are some of the best tips to save money fast.. Read more about money saving tips australia and let us know what you think.Even if you’re doing well financially, it never hurts to save more of your hard-earned money. As the saying goes, money saved is money earned. So here are the top 10 ways to save money fast.
You can complete most of the items on this list in less than 15 minutes. So if you want to save and save now, keep reading, Ninja!
If you are happy with your current checking and savings account, keep it open as your main account. I have everything hooked up to mine and I know it would be a pain to do it all over again.
However, that shouldn’t stop you from researching other banks and their offerings, especially if your current bank isn’t giving you much. The average interest rate on a savings account is currently 0.06% per year, while some of the banks listed here, such as CIT Bank , offer interest rates 40 times higher!
Some of them also offer you a pretty big bonus when you open an account and offer benefits that you may not have even been aware of.
It’s 2021, and if you haven’t already, consider canceling your cable and joining streaming services. The most popular, Netflix, has a huge library of TV shows and movies to watch. They also invested billions of dollars in original content after the success of the original series Orange Is the New Black and House of Cards.
Those who enjoy live TV need not worry – there are streaming providers like Hulu that will replace cable offerings. One of their plans includes live streaming of major cable channels.
- Best streaming service in the world: Netflix ($12.99/month)
- Best streaming service with live TV: Hulu ($5.99/month with basic service or $44.99/month with TV over the air)
- Best streaming service for exotics: Prime TV (free with Amazon Prime subscription)
Before: cable + internet monthly = $120.97
After: Netflix + Hulu with live TV + monthly internet = $97.97
Estimated annual savings = $276
If you still can’t part with your cable TV (it’s hard to part with it, I know), there is a way to save money and keep your cable TV…..
Remember the great offer from your cable company when you signed the contract? The rate for new customers was $69.99 per month for 2 years!
Twenty-four months later, they increase their monthly contribution to $1 billion. The cable company knows you’re an addict. You can’t get out of it. How will you watch the next episode of The Walking Dead? Ugh.
Fortunately, there are ways to lower your monthly bill. The cable companies don’t want you to leave, but if they think you will leave, they will offer you a discount to stay.
How do you do that? I usually call them at the end of the contract and tell them that although I like their service, it is too expensive and I want to cancel it. They will connect your call to a customer loyalty specialist (a fancy term for customer service representatives trying to retain a customer) who will offer you a lower rate to keep you.
Before: cable + internet monthly = $120.97
After: cable + internet monthly = $89.99
Estimated annual savings = $371.76
Want to lower your cable bill even more? Read our article on how to return your cable bill to its original price.
It used to be much harder to justify changing your mobile phone provider. You lose a phone number you’ve had for years, and coverage from other providers can be too unstable.
Thanks to the FCC’s Wireless Local Number Portability Rule , adopted in 2004, it is now possible to keep your number when you change phone service providers.
As for coverage issues, that was a bigger problem a few years ago when Verizon had better call quality than AT&T, T-Mobile and Sprint. With the exception of some rural areas, the four major operators have similar coverage maps and signal quality.
For: Verizon Monthly Family Plan = $180
After: AT&T Monthly Family Plan or Boost Mobile Family Plan = $120
Estimated savings per year = $480
People hate anything to do with insurance. We whisper to each other when a new car insurance bill with higher rates comes in the mail, but we pay it anyway. The thought of having to call a new insurance agent to get a quote (who wants to work out all the details) NOT nobody thinks about that.
Companies know we hate talking to them on the phone. That’s why most of them now have websites where you can quickly enter information and get a quote in 5 minutes. In those 5 minutes, you could save $100 or more.
That’s an hourly rate of $1,200! Unless you’re the CEO of Google, there’s no reason not to. In fact, stop reading the rest of this article and request a quote now:
Before: annual auto premium = $1,502
After: annual auto premium = $1,277
Estimated annual savings = $225
This idea is similar to getting a new car insurance quote, but again, people tend to forget to pick a price:
Before: annual premium for contents insurance = $1,502
After: annual premium for contents insurance = $1,277
Estimated annual savings = $225
In an ideal world, you would pay your credit cards in full every month and never have a balance. Why? The average interest rate for credit cards is 19.24%, one of the highest of any financial product.
And according to the Federal Reserve’s Consumer Finance Survey, the average household has credit card debt of $9,333. If you pay the minimum amount each month, it will cost you $18,985 until the balance is paid in full! That’s double what you originally owed!
It seems counterintuitive, but the best way to find out is to sign up for a credit card that offers a promotional balance transfer with 0% annual interest.
When you transfer your debt to a card with zero interest, you can focus on paying off the principal and not have to worry about interest. Look for those that offer the longest 0% period – often 12 months or more.
- Best credit card with 0% APR and longest remaining term 0%: Citi Simplicity (21 months)
- Best credit card with 0% APR on purchases and transfers: American Express EveryDay (15 months for purchases and bank transfers)
Before: 21 months accrued interest = $1,733
After: 21 months accrued interest = $0
Estimated annual savings = $1,733
The new Netflix viral series Tidying Up with Maria Kondo explains it perfectly: If there are things in your life that don’t give you a glimmer of joy, get rid of them.
We are a culture that likes to buy new things all the time, but most of those things end up in a closet or on a shelf after a few months. Your home will seem smaller and smaller as the clutter around you grows.
It’s not easy. I had a problem with that. I say to myself something like:
…, maybe I’ll wear it next month or , sometimes I need it.
The reality is, I’m not. And probably won’t make you. Something you haven’t touched in over a year will probably stay there for another year. One more thing. One more thing.
Sell it. Not only will you feel better and your home will be more spacious, but you will also make money! Look at all the things you haven’t used all year and seriously consider using them.
for: House full of garbage
After: Spark of joy
Estimated annual savings = variable but inestimable
Okay, okay, okay. if I couldn’t convince you to stop buying things, at least stop buying them at retail prices. Money ninjas cry all over the world every time someone pays a high price. Stop the torture! Stop the madness!
I’ve already written that you should always try to buy online. If you want to see and touch the product, of course go to the store – but go home after and buy it online instead .
Why spend $200 for a pair of sneakers at Finish Line when you can buy the same pair online for $150? too many discounts you can combine online, but not in their physical store.
So if retail therapy is a reality for you, at least you can do it now cheaper than before.
Before: full tariff
After: 5% to 50% discount
Estimated annual savings = variable
First of all, I want to say that I am a big believer in a healthy lifestyle: By eating right, getting your body to move and getting enough sleep, you will be able to reduce medication and hospital costs in the future. You will enjoy a better quality of life and save money on medical expenses in the long run.
But if you bought a gym membership as a New Year’s resolution, but have been using it since the 2nd. January is a good time to think about giving them up. With an average monthly payment of about $58 per month, this is a significant amount.
What if you go, but only once a week? I would look at the day passes some places offer, or find a cheaper gym so I wouldn’t feel too bad.
Before: monthly gym membership = $58
After: cheaper gym membership (Planet Fitness or Gold’s Gym) = $10 to $29.99
Estimated savings per year = $360 to $576
The human mind is a tricky thing. We are programmed to think that making money and saving money have nothing to do with each other. For example, we are more excited about having a second income than we are about trying to cut back on the costs we already pay. But how many parallel courses can you take for 15 minutes and earn $100 or more?
This is exactly what The Money Ninja . We’re looking at it from all angles. How to make more money, save better and spend it wisely. They are one.
No matter what your financial situation is, you can always save more and be in a better position. Not having enough money causes stress, depression and affects your personal relationships. Money doesn’t make you happy, but financial stability makes life much easier.
What else have you done to save money and how much have you saved as a result?Saving money is a natural part of being a human—we’ve all been taught that it’s good to save for a rainy day. But many of us have difficulty saving for our short-term financial goals, like a vacation or a new car, when a large chunk of each paycheck is going toward a house payment, car insurance, and other necessities.. Read more about realistic ways to save money and let us know what you think.
Frequently Asked Questions
How can I save $1000 fast?
Save $1000 fast by cutting your spending in half.
What is the 30 day rule?
The 30 day rule is a guideline for how long you should wait before you start dating someone after a breakup.
How can I save a lot of money fast?
There are many ways to save money fast. One way is to cut back on your spending. Another way is to find a job that pays well and work hard for it.
Feedback,money saving tips australiacreative ways to save moneyhow to save money fast as a studenthow to save money fast on a low incomerealistic ways to save moneyhow to save money fast as a kid,People also search for,Privacy settings,How Search works,Intuit Mint,Hello Digit, Inc.,Acorns,Qapital,YNAB,Ibotta,See more,money saving tips australia,creative ways to save money,how to save money fast as a student,how to save money fast on a low income,realistic ways to save money,how to save money fast as a kid,how to save money fast as a teenager,best way to save money in bank