In today’s world, it seems like we have little to no money left at the end of the month. Since prices are constantly on the rise, we need to look for different ways to make our money last a little longer. Fortunately, there are many things that can be done to get a bit more spending money, and make your money last longer in the process. To find out how to do this, be sure to read on!
1. Check Your Bank Balances Daily
Staying on top of your finances is key to making your hard-earned money last longer. Even though there is not as much time in a day, it is still essential to login to your bank account and check your bank balance. Even if that bank balance is less than desirable, it is better than sticking your head in the sand when unforeseen expenses occur.
By looking at your bank balance daily, you also get a better idea about your common income and expense habits. Maybe you’ll even spot something you can save on, and create an improved bank balance for the coming month.
2. Save on Public Transport
Do you use public transport regularly, but do you always buy your ticket on the spot? Instead of purchasing your ticket when you need it, you could be saving money purchasing a rail pass for the entire year. Even though this may seem like a considerable investment now, when you add it all up you will save quite a bit of cash!
3. Ready Meals Aren’t Easy on Your Bank Balance
Since we are always busy, it is easy to head to the supermarket and buy the typical ready meals. The meals themselves may seem cheap at the time, but when you compare them to buying some ingredients to make a meal yourself, you will see there is a significant difference.
So, cooking fresh is better for your bank balance than getting all those quick ready meals. On top of that, it is also healthier. You may have to spend some extra time in the kitchen, but you will get some extra spending money at the end of the month in return.
4. Entertainment Does Not Have to Cost Much!
Entertainment can be expensive nowadays, especially when you look at the cost for a simple movie ticket. However, entertainment does not have to cost much. In some cases, it can even be free.
Instead of buying several tickets for your family at the cinema, you might as well just watch a movie together at home. When you add it all up, going to the movies will be more expensive than watching a film with your family and friends in your own place.
Entertainment can also be free, just think about spending a day in the park or at the beach. Maybe it’s true what they say: the best things in life don’t cost a thing!
5. Visit Second-Hand Stores
Even though many people think second-hand stores have nothing that might interest them, it is a common misconception. The quality of the items sold in second-hand stores are always checked thoroughly, so you could find some lovely discount furniture, books or anything else you might need while you are trying to save some cash. Once you saved some cash by visiting these stores, you can still use your extra spending money to go shop retail.
6. The Power of the Budget App
There are thousands of apps that could help you get more spending money, so why not take advantage of what’s already there? The extensive budget apps will probably cost you a few dollars, but there are many simple apps that are completely free as well.
By using a budget app, you get a better overview of what you’re spending cash on. It can give you valuable insights on where you can save, something you often don’t see immediately by looking at your bank balance. Of course, it is still important to incorporate all the information obtained from your bank account in the budget app to get an accurate overview of your spending habits.
7. Save On Brands
Many Americans have the habit of shopping for brands; this does not only apply to clothing, but also on drinks and foods. Instead of buying a cheaper brand of cola, you may be more inclined to go for the more expensive coca cola. By obtaining a couple of not-so-famous brands, you could save a considerable amount of money on your grocery bill though.
8. Go Bargain Hunting
If you cannot resist buying big brands, it is time to hunt for coupons and bargains. Cutting out coupons and searching for sales may be a somewhat time consuming at the beginning, but many people become quite proficient at it over time. So, if you are willing to learn, you could save some money by becoming an experienced bargain hunter!
9. Ask for Discounts
Cannot find a bargain at your favorite store? It does not mean you can’t haggle! When money is tight, you can always try getting a better deal from your local retailer.
When bargaining with your local shopkeeper, do not try to push or be too aggressive. Be friendly and polite. Also, give the shopkeeper the promise you’ll return in the future, or point out the fact that you’ve been a loyal customer for years. By applying these simple rules, you could go home with a serious discount!
10. Create a Long-Term Plan
Thinking long-term is the best way to save cash, because short-term saving will only give you a little extra. Instead, create a long-term plan where you save some money each month. At the end of it, you could spend it on a dream holiday, rather than that new jeans you’ve seen in your favorite store.
When it comes to getting more spending money, it is all about what you want to use it on. If you are looking to make a considerable investment in the future, it is best to set your financial plan long-term and reap the benefits later.