4 Simple Tactics for Saving More Money in 2021
By Space Coast Daily // April 19, 2021
Everyone should be conscious of how much they spend, yet keeping your finances in check is tricky if you are not up to date with the latest saving strategies.
Thankfully we have put together a handful of effective and straightforward tactics that will let you rebalance your bank account and still have the opportunity to enjoy your money this year.
Compare different products when shopping online
The rapid rise of e-commerce has helped to provide consumers with more choice than ever, and this means that you can also get better deals on highly regarded products without having to rely on marketing material alone to let you know which brands are best.
By comparing different products using sites like BuyersGuide.org you can not only identify prospective purchases that will save you money, but more importantly those that will deliver the best value in the long term. This is a great way to avoid making false economies when buying everything from makeup and clothing to electronics and medical supplies.
Embrace a month-long saving bonanza
Saving money is not all that fun on its own, but if you gamify it even a little bit then you could actually have a great time while doing it, rather than it feeling like a chore.
The simplest way is to start small and build up over the course of a month, thinking of it like a ‘saving spree’. Put aside $1 on the first day, then add twice as much to your savings account on the second day, and so on.
Obviously this exponential approach will cause you to hit a maximum limit pretty quickly, but you should still be able to reach a decent pot in a week or two. This will not only make you more attuned to the importance of good saving habits, but will quickly demonstrate how even small amounts of saving can go a long way towards helping you hit seemingly lofty targets.
Cut out unnecessary expenses
There are lots of other ways to save money that you might normally spend in the course of a month, without needing to be proactive about putting it aside.
For example, there are a whole host of expenses that you might take for granted, but which on reflection are somewhat unnecessary.
If you have a cleaner, or a gardener, then choosing to do these tasks yourself will let you claw back some cash from your paycheck. Likewise if you want to do a spot of home improvement, rather than looking for a contractor to take care of it, buy the materials, watch some tutorials online and do the work yourself.
Change your travel habits
Travel costs can vary wildly depending on the mode of transport you choose, and how you pay for it. For long distance journeys, air travel may be quick, but can cost more than the equivalent road or rail fare, so be sure to compare prices thoroughly rather than following your established habits.
Ultimately it is all about recognizing that making lots of small changes, rather than one big shift, will set you on the path to financial stability in a less intrusive way.