The following is a guest blog post:
There’s nothing wrong with living simply and economically. It gives you a big heap of money in the bank and the opportunity to pursue your aspirations. The cost of living continues to rise, so you need to save money to make life less stressful. If you’re not a cheapskate, you should be. You won’t win the lottery anytime soon and gaining wealth takes a lot of time. keep on reading to find out how to live more with less.
1. Use coupons every now and then
A coupon is like a discount voucher in the sense that you can redeem it for a financial discount or rebate when buying a product. Don’t be ashamed to use coupons in stores or restaurants. It won’t make you look poor. And even if it does, you’ve got all the reason in the world to use coupons. Couponing can help you save money. You don’t have to make sacrifices anymore to purchase high-end products. Whether it’s deodorant or dessert at your favorite restaurant, you’ll save a great deal of money.
Products and services cost an arm and a leg nowadays, so you can’t afford to pay for everything. If you don’t want to pay the premium, use coupons. Coupons are made to be used and they can make the difference between buying and not buying a product. Make sure to use coupons wisely. If you’re not organised about the process, the coupons can easily slip through your fingers. Use coupons only for items that you utilise on a daily basis. What is more, find coupons that save money on shipping and handling charges. They’ll come in handy if you do online shopping.
2. Opt for a smaller car
A smaller car can travel more and consumes fewer miles per gallon. If you don’t like the idea of wasting money, you should upgrade to a smaller car. Being the owner of a sedan rather than an SUV helps you save thousands over the years in terms of fuel, maintenance, insurance, repair, taxes, and so on. Smaller cars are better. If you don’t have any kids and you’re not planning to start your own family anytime soon, sell your vehicle and invest in a smaller one.
The best of small cars offer enough practicality to satisfy your needs. If you’re interested in something fun on a budget, Dacia Sandero is the clear winner. This small city hatchback ensured reduced fuel economy, although it has a powerful engine and comes with upgraded trim. The engine is so efficient that you don’t experience breakdowns. Also, there’s no need for major maintenance. However, the choice is up to you. Any small car will do the job.
3. Have productive hobbies
After a short conversation with your friends or family, you’ll immediately realise that you have no hobbies at all. You go home after work and sit in front of the TV. Pick up a hobby. Getting caught up in something will help you relieve negative stress. What is more, it can help you make money. For instance, you can set up a blog and do affiliate marketing. Another thing you can do is make ribbon flowers and sell them at flea markets or to interested businesses. Get your hands on florist ribbon right away. if you don’t know how to make ribbon flowers, follow these instructions:
- Cut the ribbons
- Glue the petals
- Assemble the flower
As you can see, it’s not at all hard. With crafts, you can give something back and do something you’re passionate about. Don’t pay for something new when you can make your own. try to grow your own herbs and veggies. They’ll be a lot tastier than those you buy from the local market. Just think of the leftovers you’ll have at the end of each season. Choose a hobby and stick to it.
4. Negotiate lower interests on your credit card
Sometimes, you can’t get by without a credit card. You can spread your purchases out, enjoy many benefits and incentives, not to say that you can reduce your debt. If you can’t resist the temptation of using your credit card, at least do everything possible to get a lower interest rate. You won’t be so anxious and stressed about money. Interest rates can drain your wallet, so request a lower rate. If you’re an old customer, the bank will offer you a lower rate to keep you as a customer for life.
If the financial institution is reluctant to do that, continue your course of action in spite of difficulty or even opposition. It’s impossible to not get a better rate, especially if your financial situation has improved. Know your credit history and credit score. Prove the bank that you’ve been a good customer. Tell the representative for how long you’ve had the credit card and highlight your history of timely payments. You have nothing to lose. Actually, the bank might just say yes.
5. Don’t eat out so much
So, you like to eat out. Who doesn’t? when you get back from work, you’re too tired to cook. Instead of spending hours int the kitchen slaving over the stove you’d rather head to the best restaurant in town. Going out for eating ensures you a delicious meal. However, it puts a big strain on your wallet. You’ll end up spending about half of your paycheck on restaurant meals. Restaurants, not to mention fast-food are expensive, so you’re better off cooking. This is what you can cook when money is tight:
- Egg burrito
- Vegetable soup
Food is one of life’s greatest pleasures. Yet, that doesn’t mean that you have to break the bank to enjoy food that tastes really great. Cook for yourself every night, no matter how tired you might be. If you don’t know how to cook, there’s no better time than now to learn. The Internet is full of recipes and video demonstrations, so there shouldn’t be any problem.
Hard as it may be, you can make everything work on a single income. You just need to try hard enough. Practice frugality and don’t go out and spend all your cash.