AdminTech

More than 100 effective tips to save money

Banking, invoices and payments ■ Set up an automatic transfer of money from each paycheck to a savings account. ■ Avoid ATM withdrawals which will cost you fees. ■ Pay your bills on time to avoid late fees. ■ Save windfall and refund money instead of spending it. ■ Declutter subscriptions and memberships often. ■ Cancel subscriptions and automatic memberships. ■ Round off your purchases to the nearest dollar and add the difference to your savings. ■ Shop around for the best deals on broadband, credit cards, insurance, phone plans and streaming subscriptions. ■ Refinance your mortgage and auto loan. ■ Switch to a high yield savings account. ■ Pay your credit card fees in full every month to avoid paying interest. ■ Switch from monthly insurance payments to semi-annual or annual payments to avoid unnecessary fees. ■ Look for hidden charges on every purchase. ■ Watch out for incorrect charges on invoices so that you can dispute these invoices. ■ Get multiple quotes for services to get cheaper deals. ■ Find ways to save tax on your earnings. ■ Sign up for customer rewards programs. ■ If possible, eliminate overdraft fees. ■ Turn off overdraft protection (and keep a close watch on your account balance.) Home ■ Get an energy audit of your home. ■ Switch to energy efficient lighting and appliances. ■ Develop energy-efficient habits, such as turning off the light when leaving a room. ■ Unplug inactive devices or plug them into a power strip so you can turn everything on and off with the push of a button. ■ Switch to solar gadgets when possible. ■ Keep your cars and electronics in top condition. ■ Avoid electronic and automotive upgrades for their novelty value. ■ When buying a phone, buy one or two models older than the last one. ■ Drop your landline. ■ Lower the temperature of your thermostat. ■ Switch to a programmable thermostat. ■ Do not heat unused rooms. ■ Insulate your home well. ■ Use fans instead of air conditioning. ■ Install faucet aerators to reduce water costs. ■ Fix leaky faucets and other broken items around the house. ■ Collect household items from yard sales. ■ Move furniture around to give your home a simple makeover. ■ Prepare meals at home. (But ignore recipes that require the purchase of ingredients you probably won’t use again.) ■ Carry water and coffee from home. ■ Eat seasonal foods. ■ Eat local foods. ■ Buy staples in bulk and during sales. ■ Cut back on one trip to the supermarket each month and buy from your pantry instead. ■ Don’t shop when you are hungry. ■ Be creative with leftovers. ■ When possible, choose potlucks rather than prepared meals for events. ■ Make meal planning a habit to avoid ordering takeout. ■ Buy a slow cooker to fill even inexpensive meals. ■ Make your own cleaning supplies. ■ Declutter your stuff and stop paying for storage. ■ Use cold water to do the laundry. ■ Switch from a tumble dryer to a clothesline to dry clothes. ■ Adopt an animal instead of buying one. ■ Look after your pet yourself. ■ Buy locally made pet food. ■ Swap animal viewing duties with another owner. Entertainment and lifestyle ■ Cancel expensive packages and add-ons from your cable TV subscription. OR Switch from cable TV to streaming services. ■ Reduce your cell phone bill by getting rid of the extras. ■ Borrow books and DVDs from public libraries. ■ Play board games instead of going to the mall. ■ Swap clothes, books, games, music, sports equipment, and other supplies with friends and family. ■ Make your next vacation a stay. ■ Choose AirBnbs over hotels when traveling. ■ Home exchange with friends and family for vacations. ■ Plan a vacation to coincide with the end of a work trip and in the same location. ■ Travel hack. ■ Build a minimalist wardrobe. ■ Avoid buying clothes that need to be dry cleaned. ■ Cut your own hair. ■ Volunteer as a model in a beauty school for free / discounted haircuts and other beauty treatments. ■ Use toiletries and cosmetics before buying new products. ■ Switch to inexpensive / drugstore brands for toiletries and cosmetics. ■ Make your own shampoo. ■ Buy from duty free stores when traveling abroad. ■ Pay in cash as much as possible. ■ Choose free online tutorials over paid courses when you can. ■ Find free / inexpensive hobbies and activities for you and your children. ■ Keep an eye out for free local events, classes and workshops. ■ Create a shopping list and stick to it. ■ Buy with reward points. ■ Run the household on one person’s paycheck and save the rest. ■ Walk where you can. It gives you a free workout and saves on transportation costs. ■ Reduce the number of cars you own. ■ Wash your car yourself. ■ Obey the speed limit to avoid fines and inefficient use of gas. ■ Ride a bike instead of driving a car. ■ Take public transport more often. ■ Carpool more often. ■ Work from home more often. ■ Get closer to work. ■ Move to a cheaper neighborhood. ■ Move to a small house. ■ Cut down on smoking and alcohol. ■ Reduce meat consumption. ■ Split restaurant meals. ■ Ask for a doggy bag to take leftovers home. ■ Empty coins into a piggy bank. ■ Buy used, refurbished or opened electronic devices. ■ Use free and open source software. ■ Watch free movies online instead of going to the theater. ■ Buy thoughtful, but inexpensive gifts. General ■ Replace disposable items with reusable items. ■ Sell items that you are not using. ■ Rent instead of buying, if possible. ■ Buy versatile items. ■ To save money in the long run, don’t skimp on quality. ■ Buy used items when you can. ■ Choose generic brands rather than named brands. ■ Shop around for offers, discounts and coupons. ■ Use payment cards, apps, and sites. ■ Coupons coupons. ■ Avoid impulse buying. ■ Downgrade your subscriptions. ■ Reduce your orders. ■ Remember to do without. ■ Learn DIY skills using free online resources. ■ Exchange goods and services with friends and family. ■ Join local freecycling groups to donate / request useful items. ■ Look for free solutions (if possible) to replace the items and services you are paying for.