Money Hacks (Part 5)

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Here’s another list of 10 money hacks to help you save money and make the most out of your budget:

1) Carpool

Carpool to work when possible. This will not only save gas money, but also wear and tear on your car. 

2) Set a no-spend day

Pick a day of the week to be a no-spend day. Challenging yourself not to spend money that day will not only save you money, but will help you become more mindful of small purchases.

3) Think wisely before buying sale items

Some sales are actually good deals, but buying an item simply because it’s on sale can end up not being a good deal. Ask yourself if the item is something you would have bought at full price. If the answer is no, then it may not be something you’ll end up using.

4) Buy in bulk

Case lot sale prices will definitely save you money on items you use often. Also, you will save because it will mean fewer trips to the grocery store where you may end up buying other things you don’t necessarily need.

5) Listen to audiobooks for free

Did you know that with a library card from your local library and an app you can access a whole library of audiobooks and ebooks for free? The App is called Overdrive (Or Libby).  It’s so convenient to not make any trips to the library, and never have a late fee. How much could you save by no longer buying books or book subscriptions?

6) Draw names for holiday gifts

Draw names for holiday gifts within a friend group, workplace, or family. Buying one gift instead of a gift for each person will definitely help you stick to your holiday budget. 

7) Eat before grocery shopping

Research shows that those who shop while hungry not only buy more than what’s on their shopping list, but they also end up with higher calorie foods in their cart. This is because higher calorie foods activate our brain while hungry, making those foods seem more appealing. 

8) Sign up for Rentplus Money

RentPlus provides customers with RentPlus Money, a financial management tool that allows you to organize all your accounts in one place, view your income and spending by category, create budgets, as well as set attainable financial goals.

9) Use cash instead of a credit card when possible. 

Use cash and avoid paying interest and adding more debt. It’s also easier to see that money has been spent when its cash rather than plastic. 

10) Buy a used car rather than brand new

A new car will lose much of its value once purchased. It will also cost less to insure a used vehicle. Think how much you could save by buying used rather than new. 

What are some other ways you can save money? Leave us a comment, we’d love to hear your money hacks. Be sure to follow us on social media for more upcoming money hacks. Also, click here to see our previous money hacks.

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