We all know that person who is incredibly tight with their money. Perhaps they have memories of the Great Depression, or they just don’t want to waste, they live their life in a very different way from many people. They reuse things, they make food from scratch, they have things repaired instead of buying new. Many of us think of these people as cheap or stingy, but the thing is, they often have something that many of us lack: savings. Today, Freedom Debt Relief is here to provide some tips on old school ways to save money that will show you what previous generations have long known.
At Freedom Debt Relief, they know that people want nice things and there is nothing wrong with that at all. But all of us have areas in our life that have that proverbial fat that can be trimmed, with no noticeable sacrifice or change to our quality of life, but that can have a significant impact on our savings. Some may call this being stingy, but we prefer to think of it as being responsible and smart with your money. You work hard for what you have and you want to be able to maintain a lifestyle, even after retirement.
What follows are some easy ways that you can find your inner stinginess and really save some money.
Unsubscribe or Unfollow Promotional Materials
We all have our favorite stores and products, so it seems to make sense to sign up for notifications and newsletters that will give you access to sales and products. The thing is, as Freedom Debt Relief notes, these marketing materials make it far more likely that you will buy something as a result of seeing said material than if you hadn’t seen it and would have had to seek it out on your own. Basically, you end up spending more money you didn’t need to under the guise of getting a deal or savings. You aren’t saving money if you buy something that you don’t need. By unsubscribing to these notifications and sales material, you will likely spend a lot less of these unnecessary purchases.
Eat at Home
Freedom Debt Relief notes just how much money we spend on fast food or prepared meals. It might not seem like much, especially if you rely on fast food and are only spending a few dollars here and there, but what a lot of us don’t realize is just how much that adds up. Not only does too much take out add to our waistlines, it adds up in terms of our bottom line as well. $20 spent on fast food meals can buy literally days of home prepared foods. Try cutting back by a few restaurant meals a month and put those savings away.
Another great way to save a ton of money (and to find unique products) is to shop at second hand or thrift shops. Freedom Debt Relief candidly notes that clothing and other products at second hand shops may be barely used (if at all) and are sold for a fraction of the cost. This also helps to reduce waste, which is good for the environment as well. Second hand shops abound, both online and in brick-and-mortar facilities an sell a wide range of products from clothing to furniture to electronics and can be a huge source of savings for any budget.
The tips provided by Freedom Debt Relief in this short piece are, of course, not the only ways that you can save money without sacrificing your quality of life. These are, however, some of the best and easiest ways to glean significant savings on the things that you buy everyday. Small changes in your buying habits can make for incredibly large savings that you can use to reduce debt, save for retirement, use for a much-needed vacation, and more.