Simple Things You Can Do to Spend Less Money

ROFL 30-03-2016

We all need money 7 Tech Things That Are a Total Waste of Money Lots of companies want to take advantage of people who don't know a lot about tech. Here are the things real geeks know not to pay for. Read More . Sure, money can’t buy happiness Learn the Science of Joy: Find the Best Happiness Advice Online Yes, you can learn to be happy but it’s going to take some determination. The best happiness advice should smoothen that effort. Read More , but having enough money can most certainly save a ton of stress.

No matter how much you make, there are ways you can be smarter with your money 5 Tech Upgrades You Should Avoid (To Save Money) Read More . There are certain lifestyle changes you can make that will help you spend less and save more. Check out 10 on the infographic below, and see if any of these tips can help improve your finances 5 Ways Xero Can Help With Your Finances Accounting can be confusing, time-consuming, and (if you have to pay a professional accountant) expensive. Read More !

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  1. Anonymous
    March 31, 2016 at 2:01 am

    I Am Trying My Best With 1, 2, 4, 7 And 8.

    5 Out Of 10 Is Not That Bad.


  2. george
    March 30, 2016 at 3:15 pm

    #2 is nonsense for me.
    I don’t spend a cent less than what I need to buy if I buy using cash, but I loose 1.5% of everything I buy if I don’t use my AMEX credit card. The 1.5% cash payback for absolutely any cent I spend using my AMEX credit card is credited to my account once a year.
    With an average of about $3000 charged to my credit card per month, that amounts to over $500 credit per year, a considerable amount.

  3. Anonymous
    March 30, 2016 at 2:54 pm

    1. You can actually freeze most of the food, not just meat and bread. One caveat with freezing food is to use it before it develops freezer burn and get ruined.

    2. Unfortunately with the increase in online shopping, one needs plastic more and more.

    3. Only if one faithfully and regularly deposits the money in the change jar. However, a change jar may be a misleading savings. The change can be used to fund small purchases rather than having to break bills and generate more change. A change jar may be a "6 of this, half a dozen of the other" proposition.

    5. Could be rephrased to "resist impulse purchases."

    7. Also raise the setting on the air conditioning by a degree or two. Keep the setting constant. Cyclical cooling and heating uses more energy than keeping the setting constant, even at a slightly higher temperature.

    9. Also brown-bag your lunch rather than going to a diner.

    10. Ignore products that are "natural. "low fat" or "organic". Most of the time they are not. The only difference between them and "regular" ones is the price.

  4. Davin Peterson
    March 30, 2016 at 12:18 pm

    Only spend money on necessities, not wants

    Also, turn the light off if you don't need it or when leaving the room. Same thing for the TV.

    It would be a good idea to not leave your charger plugged in over night while you sleep

  5. Dick
    March 30, 2016 at 11:28 am

    Turning off at the plug - if you put a power meter on you can see the stand-by power drain for something like a TV is usually tiny. Devices may take longer to cold start than wake up from sleep mode and internal clocks may need time and date re-inputting. I don't believe the claimed cost saving but even if true, I suspect it may be based on a previous generation of electronics but worth paying to save hassle.

    Best saving tip is a serious PITA but it worked magic for me when I needed to save a deposit to buy a house. Account for every penny you spend. List your daily expenditure, know how much in your pocket start of day, count how much less at end of day and work out where the rest went. Then look at those items of expenditure and decide what is avoidable or can be reduced.
    Next calculate how much you earn after all essential costs (heating, rent, basic shopping, travel to work). Let's say you take home £10000 but essential costs are £7000, that leaves £3000. Suppose your working year is 1500 hours that means you've got a disposable income of £2 an hour. Now when you're buying something non essential divide its cost by 2 to work out how many hours you need to work to pay for it. Is a Big Mac meal worth 2 hours of your work? Cut to buying the essentials and make sure some of those essentials really are essential, then buy the cheapest. And everyone, a smart-phone isn't an essential! Don't be taken in by introductory price deals, always read the small print and calculate the total you'll be paying. A "free" iPhone on a £50/month contract for 2 years is £1200. Would you buy it if they offered "pay us £1200 now and get the phone inclusive of 2 years of usage costs"? Get a £20 phone, a PAYG contract and only make calls/sent texts use it when you NEED TO. Your 2 year cost will be under £200 and you've saved £1000.

    After a few weeks thinking about your spending becomes automatic and a lot easier, and it stays with you for life.

    That brings us to another big area for cost saving. Cook at home rather than ready meals or fast food. I reckon I could manage on budget of £2 per person per day if necessary unless doing a lot of physical work/exercise. A few days ago I bought a turkey in the supermarket, they'd cut the price from £9 to £6 because it was near its use-by, took it home and cooked it. We got enough meat for 12 good portions. Even at full price that would be good.

    • Anonymous
      March 30, 2016 at 3:03 pm

      "if you put a power meter on you can see the stand-by power drain for something like a TV is usually tiny."
      That may be true for one device. Today most of our electric/electronic devices are "instant on". If you total up all the "tiny" power drains, you wind up with a significant loss. Put one pin hole in a pot full of water, it will take hours to drain. Put a hundred pin holes in the same pot and it will drain in seconds.