It is important to note that many of these videos may only work for certain people. For example, not everyone has a house or kids, so those aspects may not apply to you.From all the articles or videos I’ve watched over the last few months, I wanted to share the ways OUR family is trying to save money/ pay off debt:
- Run your washer/dryer/ dishwasher at night: These chug a ton of electricity and did you know electricity is cheaper at night? I looked up the rates for our company and it was over a 10 cent difference to use electricity during “peak” hours (ours are 7am-8pm).
- We just implemented this, so I’m curious to see what the cost difference will be over then next couple of months.
- Use cash: Lately I’ve been taking out cash for the week and sticking to it. It forces me to think twice over impulse purchases. If I have any left over, it goes straight into the piggy bank.
- Eliminate temptation: Whether it’s deleting emails from your favorite clothing store that informs you of sales or an app – just delete it. I recently deleted my Starbucks app!
- Now I do go here and there but it’s not like I’m adding $40 a month just because. I maybe now spend $10-$12 and re-download the app when I do go. Plus my work has a killer Espresso machine for free.
- Cutting out those emails can avoid impulse spends. Just because your favorite store is having a 50% off deal, doesn’t mean you need to buy something.
- Grocery shop online: I have found this to be extremely helpful. Half the time I forget my list or buy other items I didn’t intend to go into the store for.
- I use Walmart Grocery and it has been such a lifesaver, not only in time, but for money. I shop what’s on sale and I grab ONLY what’s on my list.
- Cut down on dining out: When the twins were born, we were big on dine outs or quick meals. But now that things have gotten a “tad” easier, we have the time to cook more.
- We only dine out twice a week and one time is usually a pizza deal in our area which is $7.99 for a large pie.
- Cancel your cable: We just have internet and use Hulu, Netflix and sometimes YouTube. We like to watch America’s got talent and we just need to wait the next day to watch an episode. #NoBigDeal.
- Cancel Your Gym Membership: Don’t get me wrong, I love taking in-studio classes. But I looked back at my account one day and I realized I spent over $1,000 in a year and a half. I could have paid off part of my credit card with that.
- I am finishing up any classes I have left and either doing something at home (there are so many apps and YouTube videos) or if I really want to do a Pure Barre class, I use their online version.
- If you need a gym, shop around and find a cheaper rate or wait for deals, especially during holidays.
- Buy second hand when you can (especially kids clothes and toys).
- Set a monthly budget.
- Borrow books/ DVDs from library instead of purchasing new ones.
- Fruit picking for a summer afternoon date (pack a lunch, save some money and get exercise). It’s even good for the kiddos too and bonus if you have a farm that does picking per pound! Enjoy the sunshine and time with a loved one.
- Search your area for free or cheap local activities. You can join a Facebook group for your town and usually can find out about local activities there. And kids don’t really need you to spend tons of money to be entertained.
- Once a week the kiddos and I go to Whole Foods and get a cranberry muffin; Sammy eats half and the twins eat the leftovers. Sammy loves playing with the trucks and I get to chill for almost an hour before errands. #winwin 😉For more cheap/ free activities for kids, click THIS post for more info!
Again, some of these tips may not apply to you or your lifestyle but these are just a few things that our family has done/ is doing to save money and work on getting rid of debt.
Question: What are some of your tips to save money?!