1. Switch your bank accounts to a bank that respects you and your needs. Avoid spending your hard earned money on ridiculous maintenance fees. You also should consider a bank that offers the highest interest on your checking and savings accounts.
2. Turn off the television. Watching less television is one of the greatest ways to save money. The financial benefits to this include: less exposure to guilt-inducing ads, more time to focus on priorities, less electrical use, and so on. It’s great to unwind in the evening, but seek another hobby to do that.
3. Turn a critical eye to your “collections.” Most people collect something – what do you collect? Is your collection something that consistently brings you joy, or is it something that you just do out of habit? Consider the value of the collection. Does it have monetary value? Could you perhaps cut down on your spending on that hobby if it’s something that makes you neglect your priorities? Focus on cutting down on the things you don’t feel strongly about – if you dig into things that bother you, you’re going to eventually relapse.
4. Sign up for every free customer rewards program you can. Even if you rarely shop at that place, having a rewards card for that place will eventually net you some coupons and discounts. Basically, the master game plan for maximizing these programs is to create an email address just for subscription emails, collect every card you can (that doesn’t negatively impact your credit score), and then check that account for extra coupons whenever you’re ready to shop.
5. Make your own gifts instead of purchasing them from the store. You can make food mixes, candles, bread, cookies, soap, and all kinds of other things at home quite easily and inexpensively. These make spectacular gifts for others because they involve your homemade touch, plus quite often they’re consumable, meaning they don’t wind up filling someone’s closet with junk. To make your gift even better, include a personal handwritten note. This will make it even more special than anything you could possibly buy down at the mall, plus it saves you money.
6. Master the thirty day rule. Whenever you’re considering making a splurge of a purchase, wait thirty days and then consider if you still desire that item. Quite often, you’ll find that the urge to purchase has subsided and you’ll have saved yourself some money by being patient. You can even maintain a “thirty day list” where you write down the item and the day you’ll reconsider it, but a mental one is more effective in some aspects since that way, you can just forget about the insignificant things.
7. Write a list before you go shopping – and stick to it. One should never go into a store without a strong idea of what one will be buying while in there. Make a careful plan of what you’ll buy before you go, then stick strictly to that list when you go to the store. Don’t put anything in the cart that’s not on the list, no matter how tempting, and you’ll come out of the store saving a bundle.
8. Sell your unwanted belongings. The items that you once desired might be just another addition to your garage or in your storage, so instead of being a packrat, why not search for items that can earn you an extra few bucks? Not worn, authentic jewelry, clothing items, shoes, and other treasures that you may discover in your house can be sold and add up to be surprisingly a lot more than you expected. Watches, especially, can be sold close to the original purchased price as watches, if they are classics, they won’t cease to be in style. Pawns, local watch resellers, and sites such as www.watches-of-switzerland.co.uk will purchase your old watches for a decent price.