Budgeting hacks that I use to save money that you can also start doing, now!
- Don’t spend money you don’t have. Use your credit card to build credit not to put yourself in debt. You should be able to pay the balance at the end of every month. Might sound basic, but I can’t tell you how many times I’ve thrown out rational because I was in dire need of caffeine or I was craving some pizza.
- Be sustainable. Find reusable options for products you use consistently. For example, I love my reusable storage bags and cotton rounds. Also, you could implement habits such as meal planning, so you are less likely to impulsively stop for fast food and you’ll have a list of what you need when you’re shopping. That way you don’t wander around the aisles aimlessly and you’re less likely to buy food that will go bad. Feels so good to save money and the planet.
- Track your spending. It’s easy to lose track of subscriptions and to make purchases here and there. That’s why I suggest using a method that keeps you on track to your financial goals such as Mint. If you want to learn more about personal budgeting, check out this post!
- Save money by using Wikibuy. It looks for the best deals and will apply promocodes automatically. You can also earn credit to buy gift cards. I love seeing the price of my items drop—I’ve saved up to 25% on a purchase because it was able to find a random code. If that’s not sexy, I don’t know what is.
- Get money back on past purchases with Paribus. Ever buy something one day only to see the price drop the next? Infuriating, isn’t it? Paribus scans your email to track online purchases and checks your receipts to make sure you got the best deal. It will continue to monitor the price of the product, notify you if the price drops, and then send an email automatically to the business asking for a refund for the price difference. Sign up and let it go to work, easy. Of all the hacks, this is definitely one of my favorites.
- Get paid to shop on everyday purchases through Ibotta. I haven’t used this app before, but I’m pretty excited to start. All you do is open the app, select which offers you want to use, shop, pay through the app or upload your receipt, and then get cash back through PayPal or Venmo. Voila, you just got paid to shop.
- Get a “financial” jar. Instead of a “swear” jar, this jar is specifically for when you want to make purchases that are not smart… feel free to also just say dumb. Want a coffee, but can make it at home? Boom! Put the money you almost spent into the jar and go make yourself a nice cup of coffee. Want to walk through Target and buy stuff that is not on your list? Add up their prices and put the dollars in the jar. You could also just adopt the mindset that every time you choose not to spend money, you’re saving money in a way.
- Avoid what tempts you. There are a lot of advertisements, influencers, and businesses on Instagram, Pinterest, and TikTok. I know that I’m more tempted to buy stuff when I’m on these platforms and I should probably avoid them at all costs, but I can also just reduce the amount of time I spend on them. Also, don’t do “online window shopping” for places like Amazon, Nordstrom, or Sephora because you will inevitably find something you want and end up having to painfully reel yourself back in.
- Wait 30 days. If there’s something you like, wait 30 days and see if you still want it. This is shopping with purpose, so you’re only spending on things that you actually really want. Bonus points if it’s high quality, durable, ethically and sustainably made, and/or secondhand. No buyer’s remorse here.
- Sometimes you have to make tough calls and cut what isn’t absolutely essential. Will you live without streaming services? Yes. Are there alternatives to that expensive gym membership? I guarantee you the answer is probably “yes.” Can you survive without electricity or water? No, but you can most likely decrease the amount you use and reduce your monthly bill.
These are just a few budgeting hacks that I have picked up along the way, but I would love to hear about your tips and tricks in the comments or feel free to reach out to me! Otherwise, I’m excited to be on this money saving journey with you!