Money Saving Tips

If you’ve always struggled to save enough money per month, simply continue reading to discover a handy guide to saving money.

Money saving tips:

1. Consider renting out any spare bedrooms in your house

If you currently live in your own home and have a spare room or two in your house which aren’t currently being used, it’s well worth seriously thinking about renting out any spare bedrooms in your house. As you should be able to make hundreds of dollars in extra income by simply renting out one or two of your unused rooms.

So if you have a guest room in your home, which your friends and family members never stay in or an under-utilised home office, it’s well worth doing a bit of research into how much you’d be able to charge a tenant or tenants per week, to occupy your spare room.

2. Don’t purchase any items over one hundred dollars, without shopping around for the best price possible

While there may be little point in shopping around for the best deal on inexpensive products, it is well worth your time using an online price comparison site in order to find the best price possible on expensive items over one hundred dollars in value.

As an example, if you’re looking to upgrade your laptop or phone, once you’re sure on the model which you’d like to purchase, type the brand and model number of your desired new laptop or phone into a price comparison site’s engine, in order to find the cheapest possible price available.

3. Mend any holes in your clothes, instead of purchasing new clothes straight away

If you have a habit of simply throwing out clothes which have a small rip or hole, don’t waste your money on purchasing a new replacement item of clothing! Instead learn how to mend any holes in your clothes. As an example, it only takes a few minutes to repair loose threads in the hem of a pair of pants or to sew up a hole in one of your favorite pairs of blue jeans.

4. Ditch your gym membership in favour of working out from home or becoming a runner

If you can no longer justify spending a small fortune on a gym membership, you should be able to maintain your current level of fitness by becoming a runner or hiker or by finding unique, creative ways to workout from the comfort of your own home.

As examples, there are endless fitness related Youtube videos which you’ll be able to use or you may want to purchase a few items of exercise equipment, in order to be able to work out from home everyday.

5. Browse online auction sites for items that you’d love to purchase for a fraction of their recommended retail prices

Instead of paying full price for items, simply browse online auction sites in order to find the items which you desire for a much lower price.

Just remember, that the more of the money saving ideas, listed above, that you implement, the easier you should find it to save money in the long term. Which is an admirable goal!