If you want to improve your spending strategy, save cash and become more financially independent, then the first thing you need to learn is how to be more creative with your cash. Any great budgeting expert will tell you that you need to think outside of the box if you want to save at times.
Fortunately, it’s easier than ever to be creative when you have the internet to give you some handy inspiration. Because we know that countless people today struggle to meet their financial goals due to a tight budget and limited saving options, we’ve put together this quick list of creative ways to manage your money when you don’t earn a great deal to begin with.
Let’s get started.
Change your Mindset
You need the right attitude if you’re going to save money fast. Telling yourself that you’re never going to reach your goals, or that you shouldn’t bother putting an extra couple of pounds away in your savings account each month won’t get you anywhere. You need to believe that you can reach your targets. To improve your chances of success, find a way to keep yourself motivated.
For some people, sticking a picture on the fridge of what they want to accomplish is a great way to get started. For others, it’s helpful to download an app where they can track their progress towards their savings goals.
Improve your Credit Score
Want to make your life a lot easier? Work on improving your credit score. continually is something that does take a bit of time, as you’ll need to constantly pay your bills on time and make sure that you’re making loan repayments according to the right schedule if you want your credit rating to go up. However, the more you work on your credit score, the easier it will be to get great deals in the future.
A excellent credit score is how you save money on everything from your mortgage to your house deposit, your car insurance, your future loans and anything else you might need to borrow for. Your credit score can even land you a better job by showing employers that you’re reliable.
Do It Yourself
Stop paying professionals to do jobs that you could just as easily do yourself. Rather than calling an expert whenever a common household emergency occurs – like when your washing machine stops working. Go online and see if you can figure out what the problem is by checking out reviews from other customers, reading articles or watching videos on YouTube. While there are obviously some jobs that require the skilled touch of an expert, there’s quite a lot you can do for yourself these days if you’re willing to learn.
You could even take an investment course and learn how to invest your spare change so you can make more money in the long-term, without hiring a broker or a financial advisor.
Argue More Often
We’re not telling you to start an argument with every business you want to buy something from here. Instead, don’t take the price they give you as the only price you can get. If you’re not happy with the price you’re quoted for your car insurance, your broadband, or anything else you can think of, go online and see whether you can get a better deal form another provider.
Even if you don’t want to switch to another company, telling the vendor that you’re currently with that you’re thinking of changing provider could be enough to convince them to give you a better offer. At the very least, they might agree to match the price you can get elsewhere. On the other hand, if your provider isn’t willing to give you a better deal, it might be time to consider switching for real.
Get a Reusable Coffee Cup
It’s easy to tell yourself that you’ll quickly make coffee at home when you want to save money. However, if you regularly have business meetings with clients in local cafes, it’s hard to do that. However, you can save some cash by purchasing a reusable coffee cup from your favorite Highstreet brand. Most big coffee companies will be willing to give you a discount if you bring your cup back for them to reuse.
That way, you can get the coffee you love while doing something for the environment. At the same time, you don’t look cheap when you go to a meeting with a client or you’re invited for a coffee with some peers from work. It’s a win/win situation.
It’s these simple things that can make a big difference when it comes to your mission to save cash. Do you have any cash saving tips to add to the above? Do share in a comment below. And if you enjoyed this post why not check out some more money saving tips here.
*This is a collaborative post