Feb 4, 20234 min read

15 Smart more ways to SAVE MONEY Today | Smart Money Woman

A high standard and full control of your money make money sweet. Having the knowledge of successful wealthy people can help you enjoy your money a little more. Their money is used to make more money instead of wasting it for show or instant pleasure. Below are 15 smart ways to save money so you can have more fun in life.

Perhaps you are considering starting a business, going back to school, or buying a house. It is possible to do all of these things if you are in complete control of your money habits.

Tips #1 1. Create a budget and stick to it

It's very important that you list all your income sources, including your salary, side hustles, and any other sources of income. Next, write down all your expenses, including fixed expenses (e.g. rent, utilities) and variable expenses (e.g. groceries, entertainment).

I highly recommend that you categorize your expenses, for example, housing, transportation, food, etc. Furthermore, try to subtract your expenses from your income to determine your monthly surplus or deficit. The next important step is to make adjustments to your expenses to ensure that your spending does not exceed your income.

Set savings goals and allocate money towards them each month. You could also review your budget regularly and make adjustments as necessary to stay on track. Lastly, Use budgeting tools, such as a spreadsheet, app, or pen and paper, to help you track your spending and stick to your budget.

Here are few common habits to start working towards to help you save money

2. Avoid impulse purchases

3. Use cashback apps when shopping

4. Cook meals at home instead of eating out

5. Shop for groceries with a list and stick to it

6. Use coupons and promo codes when shopping

7. Carpool, bike, or walk instead of driving

8. Reduce energy usage by turning off lights and appliances when not in use

The perfect solution for those who love shopping for designer clothes but are still living paycheck to paycheck. Getting out of debt requires a rude awakening when it comes to money and shopping taste.

YOU CAN BE STYLIST ON BUDGET

Tips #9. Use generic or store-brand products instead of name brands. Using generic or store-brand products instead of name brands is a great way to save money. These products often offer similar quality and performance to their name-brand counterparts, but at a lower cost. Here are a few tips for making the switch:

Compare the ingredients: Look at the ingredients list on the label to see if there is any difference between the generic and name-brand products.
Try it out: Start by trying generic or store-brand products in non-critical areas, such as household items, before switching to more important items like food or personal care products.
Read reviews: Look for customer reviews of the generic or store-brand product to see if others have had positive experiences with it.
Don't sacrifice quality: If you find that the generic or store-brand product doesn't meet your standards, consider switching back to the name-brand product.
Take advantage of sales and discounts: Keep an eye out for sales and discounts on generic or store-brand products, which can further reduce your costs.

For those who enjoy having multiple subscriptions and withdrawing cash from ATMs, as if they made six figures. I would need to follow these next tips closely.

Tips #10 Reduce subscription services you don't use regularly

Reducing subscription services you don't use regularly is a simple way to save money. Here are some steps to take:

Make a list of all your subscriptions: This includes monthly and yearly memberships, as well as services you only pay for occasionally.
Evaluate each subscription: Ask yourself if you are actually using each service and whether it is worth the cost.
Cancel subscriptions you don't need: If you don't need a service, cancel it to stop paying for something you don't use.
Negotiate your bills: If you do use a service regularly, see if you can negotiate a better deal or find a cheaper alternative.
Set reminders: Set reminders to review your subscriptions every few months, to make sure you're only paying for services you actually use.
Switch to free alternatives: If a subscription service is only used occasionally, see if there is a free alternative you can use instead.

Switch to free alternatives: If a subscription service is only used occasionally, see if there is a free alternative you can use instead. Be mindful of free trials: Be careful of signing up for free trials that automatically convert to paid subscriptions, unless you are certain you will use the service regularly.

By reducing or canceling unnecessary subscriptions, you can save a significant amount of money each month. Plus, follow these extra tips below to help you save more money in your bank so you can buy the house of your dream, a car, or change your lifestyle.

11. Negotiate bills with service providers (e.g. cable, internet)

12. Avoid excessive ATM fees by withdrawing cash only at your bank

13. Delay gratification and save for big purchases instead of financing them

14. Grow your own fruits and vegetables, or buy in-season produce to save on food costs

15. Reduce entertainment costs by finding free or low-cost activities to do

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I highly recommend you to read my previous post on the following topics: