4 Ideas to Save Money in a Simple Way
Tags: Inspiration, Money, Wealth, Advice, Saving Money

4 Ideas to Save Money in a Simple Way

Photo by Morgan Vander Hart on Unsplash

When you think of wealth, things usually come to your mind like starting a big company or living a very frugal life. So if you don’t want to start the next big thing, it seems like you can only build long-term wealth with absolute renunciation.

Both are certainly justified, but saving can also be easier and that is mainly due to the unnecessary expenses you have. Many people do not realize that in their everyday life they spend money on things that either do not represent any value in their lives or can be obtained through simple and cheaper alternatives.

Those who take these ideas to the heart can save some money, which can be reinvested later. Because one thing is clear, those who only save and no longer earn or invest make it unnecessarily difficult to build wealth. So this advice always goes hand in hand with an increased supply of money.

Use your legs

Everyone imagines that wealth means having a big car. However, before you can buy a big car, you have to earn the money for it.

The easiest way to do this is simply not to own a car.

Since many young people, in particular, are moving to cities these days, this is not a problem at all, because actually, all cities have a well-developed local transport network. The tickets are much cheaper than if you had a car.

The car has, on the one hand, the acquisition costs and on the other hand the everyday costs such as insurance and refueling. This makes a car more of a burden than a convenience, especially for young people.

Of course, this is a different situation for people who live in the suburbs or villages and many are therefore dependent on their cars. However, if you have the chance to replace the car, do it.

It’s one of the fastest ways to save thousands of dollars a year. Besides, the more people use public transport, the more public transport will be expanded. It is a win-win situation. If your workplace is of course close enough, you can also walk.

Because walking doesn’t cost a penny.

Use what you have

In many western countries, the quality of the tap water is so good that you can drink it without any health risks. Far too many people today still drink soft drinks that are not only bad for their health but also cost a lot of money.

So if you have the option to drink tap water, do it. Fill it up, take it to work, and drink a few cups throughout the day. If you always have your bottle with you, then you don’t have to be afraid that you grab a soft drink.

The same applies of course to your coffee consumption. If you have a coffee machine at home, buy a reusable cup and fill your coffee in your cup in the morning. Coffee is extremely expensive in stores if you take a closer look and they often make a huge profit with it.

So you will be robbed with every purchase without knowing it. A cup of coffee at home therefore only costs a few cents and if you buy it from a bakery, it will quickly cost around three dollars.

Do you want to be robbed? I do not think so. So be smart and save with the things you already have.

Food, Food, Food

I’m not suggesting that you eat the same thing every day like all the Instagram gurus are saying. Rather, that when you shop, you decide what you want to eat in a week.

This has to do with the fact that you want to keep your purchase as cheap as possible, but also that you don’t want to waste food. Because groceries can be expensive and since you want to save every penny, it doesn’t make sense to throw anything away.

So make a list before each purchase and only buy what is on the list. Then you take one day a week to cook for the next few days and divide everything into small boxes. You will see that you waste less and pay more attention to your diet.

When you stand in front of the shelf

It is often the case that we are in a shop and we are attracted to an object. It quickly happens that we also buy it. You have to prevent that.

When you go to a store, always think before you buy anything. With every purchase, always ask yourself whether you still like it in a year. Compare that to your experience. If it has happened many times that you didn’t like a thing after buying it, then you should stay away from similar things. But if you are completely convinced of it, then buy it.

To save money you have to learn to appreciate things and to know your consumption. If you know yourself, you can save a lot of money.

As you can see, these potential savings are fairly easy to track and don’t require much effort. If you want to build wealth, you have to learn that even the smallest sum has value. Because if you think that you would invest this amount and make more money out of it, every little amount is an opportunity for your long-term wealth.