Crazy Ways To Save Money Over The Time

Stashing away money for a rainy day has become a herculean task even for those who have been earning a good amount of money. The absence of an emergency cushion is what pushes you on the verge of debt.

Well, there are many people who have tried all the harder to have been able to put in some money, and surprisingly, they went far beyond their capacity by cutting down on their meals to save money.

“You do not need to make such outrageous attempts because it will cost you much more money in the long run.” Reports revealed that people were forced to behave irrationally due to surmounting debt. Existing debts were yet to be paid off, and a lack of financial stability forced them to keep taking out bad credit loans in Ireland.

Whether or not you are living a debt-free life, you cannot stop laying aside money. Emergencies can catch you by surprise even though you are up to your neck in debt.

Stay home on Sundays

Weekends mean “Me Time”; you wind down and gear yourself up for next week’s routine. It is a common practice that people go to the beach, bask in the sun and enjoy expensive brunches in their favourite restaurants to wind down, but you should instead stay at home.

You can prepare your favourite dish, plan fun things to do and entertain yourself at home. You can absorb yourself in your children’s activities if you have kids. Spend some time in the garden and feel nature.

1.  Go for a dry month

“Cutting back on the consumption of alcohol will not only help you to save money, but it will also help you stay healthy.” Set a goal to have a dry month. It can be very challenging to be a teetotaller, especially if you binge on drinks.

Try to advance toward your goal slowly and surely. First, you should reduce the number of drinks. Then, you should skip it on alternate days and plan to be sober on weekends. “Eventually, you will see your alcohol intake has significantly reduced, and you will not find it hard at all to be sober for a full month.”

You can save thousands of Euros. The money you save on alcohol can be transferred to your savings. When you drink, you do not need to go to expensive bars. Try to have the company of sober friends as much as possible.

2.  Choose a limited data plan

You would almost die if you did not use the internet for a full day. Of course, a day without the internet is not an awesome fantasy when the day starts with checking your email notifications and ends with watching social media posts.

Well, you do not need to disconnect your internet. You should rather switch from an unlimited plan to a limited data plan. Unlimited data plans are more expensive than limited ones. However, if you have Wi-Fi, it makes more sense to use limited mobile data.

When you are home, you can use Wi-Fi, so you will not need too much mobile data for surfing the internet when you are away from broadband signal coverage.

3.  Buy groceries in bulk

Buying a few items when you are on the way back home sounds very convenient, but this is purely mismanagement. You will have to stay organised to keep tabs on your expenses. Buying groceries in bulk helps save money because of the following two reasons:

• You are more likely to get a discount when you buy in bulk.
• You will buy only those things that you do need.

“Another benefit of buying groceries in bulk is that you will spend less time in the store, which means less money spent.”

Buying groceries in bulk does not mean you need to stock up on items. It rather means you should buy it weekly or bi-weekly. However, some people manage to buy it monthly. “When you have a very large family, it can be difficult but not impossible.” Try to plan a weekly menu. You will stay more organised with grocery spending.

4.  Analyse your spending every six months

You cannot take control of your sending unless you scrutinise it. “Even though you are very careful about your spending, it is likely that you may have subconsciously spent money on many things.”

Make sure you make a budget every month. Having a record of expenses in your knowledge is a must, so you can check if it matches what your bank statement shows. Chances are your budget is missing the record of some expenses.

Find out where you spent that extra money. If you made online payments, you could get to know where you spend extra cash. However, it is possible to track in case of cash payments. You should try to review your spending at the end of every month. This is more convenient.

5.  Make your own tea or coffee

You can save up to €3,000 every year if you make tea or coffee at home. It seems very convenient to spend a few Euros, but they amount to much at the end of the year. Therefore, you should be very careful about these little expenses.

You can get a restaurant-like taste in your coffee if you use the latest coffee maker. They are pretty expensive, but they will help save a lot of money in the long run. You can get the latest models at discounted prices in retail stores like Amazon.

However, if you still do not have a budget to buy them, you can take out loans in Dublin. Some lenders will allow you to repay the debt in fixed instalments so that you can adjust your budget to these expenses.

6.  Take care of your mobile phone

Many people think that cell phones do not last for more than a year. If you are on a tight budget, you will likely stretch it for another six months, but not more than that. Mobile phones are very expensive, and upgrading them every year is absolutely silly.

If you use your mobile phone smartly, you will be able to make it last for up to 5 years. There is no point watching videos on mobile phones when you can access them on your laptop. Mobile speakers are not that strong.

Many people keep playing games on their phones while commuting, which damages your touch screen. Avoid playing games as much as possible. However, you should do something productive like reading newsletters, fiction, etc.

The bottom line

Saving money is undoubtedly complicated, but if you set realistic goals, you can achieve them on time. Having stashed away a lot of money is not an overnight process. So, you will have to be a bit patient.

The aforementioned ways are unique, but they will certainly help you save money. Savings are important to avoid falling into debt. However, if you still need some money to borrow, you can take out a loan from a direct lender. However, make sure that you borrow money from a reliable lender.