Saving money doesn’t have to be a numbers game, anyone can accomplish this with proper planning and discipline. Instead of putting off this exercise until you reach some milestone, such as the next growth, make saving every day a priority to secure your financial future.
There are so many ways to save money—budget, spend less, cook dinner instead of going take-out again—and if you’re trying to cut back on your expenses, you’ve probably tried them all. After signing up for your favorite grocery store’s loyalty program, maximize your savings by clipping coupons for additional discount stores online.
By focusing on saving money with each of your purchases, you can train yourself to cut spending gradually and become more aware of your budget.
Here are few important tips you can save money when making purchases:
Buy Used, Refurbished, or Used Models
Most people enjoy the brilliance of a new toy, but you will always find a great discount when buying used items. Buying an open-box TV or a refurbished laptop will cost you a hundred dollars less than a new one, and many of these refurbished or open-box items are almost brand new with user manuals and manufacturer warranties. Buying something second-hand (whether used or last season) will always help with your budget, and this is especially true in the area of seasonal consumer goods.
Stay Away from Things That Trigger Unnecessary Spending
A big part of successful money saving is planning how you spend every penny. So, make a point of going inside a store only if you know what to buy. This is because the store aisles are filled with many products that trigger your shopping impulse and tempt you to spend more money.
One proven way to avoid this temptation is to create a shopping list. By doing this, you will save yourself from spending a dime on unnecessary purchases. But remember that having a list will only be effective if you do your best to stick to it.
Make Healthy Choices — They’re Cheap
According to a study published in the Journal of the American Dietetic Association, eating healthy foods can save you money. Researchers found that when families went on a weight-loss diet, they not only lost weight but also reduced their food budgets.
The savings came from reducing portion sizes and buying fewer high-calorie foods that increase the amount spent at the grocery store.
You can get more for your money if you consider the nutritional value of the food for the price. For example, sodas and flavored drinks provide mostly empty calories and can easily be replaced with less expensive sparkling water with a sprinkle of 100% fruit juice like cranberry.
Shop During Non-Peak Hours
Many stores are only open during select morning hours to customers over 60 or people with underlying health conditions. Restricted hours not only reduce contact with other shoppers but also reduce anxiety and impulsivity from the stress of making your way through crowded streets.
Even if you’re young and healthy, shopping during non-peak hours — such as an hour before closing — has the same cost-savings and health benefits, so give non-peak hours a chance. Less stress is also beneficial for your immune system.
Use Your Freezer
Your freezer helps you a lot when it comes to saving money on groceries. Not only can you freeze sales and other items until you need them, but you can also freeze leftovers from sauces, soups, and some vegetables to use later instead of buying more at the grocery store.
Buy in Sale And Use Coupons
Planning meals around what’s on sale can reduce your grocery bills, especially if you also use coupons ensuring they are for items you would buy anyway. Sunday newspapers are full of coupons and sales circulars to get you started. It’s also a good idea to stock up on essentials when they’re on sale. “Buy one, get one free” is a technique that tells you to buy twice what you need at half the price. In some markets, however, the product rings in at half the price—so you don’t have to buy more than one to reap the savings. Use your freezer to store sale items that can be used at a later date.
The Final Note
When you’re trying to set aside money for travel or retirement, every little thing counts. Incorporating money-saving shopping tips into your routine will take some time, but with a little effort, you can create passive, lifetime habits for a healthy budget and big savings account. Like many, you might have been swayed when the coronavirus news prompted shoppers to load up on toilet paper, cleaning products, canned goods, and other food items. Now that the initial buying panic has subsided, however, you don’t have to go shopping to buy food regardless of the cost.