Like so many of my personal finance blogging peers, I believe that anyone can excel at managing their personal finances; I believe that anyone can become financially independent. Most people just need a little bit of advice and an occasional hand to hold. While I can’t necessarily hold your hand (hard to do over the internet) I am able to offer up advice on occasion. Today I’d like to offer 355 money saving tips that you can use to turn your financial life around, or continue on the path of saving money that many of you are already on.
These tips can be found on three different personal finance blogs: The Simple Dollar, The Dough Roller and The Frugal Law Student. I’m going to quote for you some of my favorite tips, the rest you can check out from these respective PF blogs.
5. Make your own gifts instead of buying stuff 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. Even better – include a personal handwritten note with the gift. This will make it even more special than anything you could possibly buy down at the mall, plus it saves you money.
45. Master the ten second rule. Whenever you pick up an item in order to add it to your cart or to take it to the checkout, stop for ten seconds and ask yourself whyyou’re buying it and whether you actually need it or not. If you can’t find a good answer, put the item back. This keeps me from making impulse buys on a regular basis.
100. Never give up. Whenever the struggle against debt feels like it’s too much, go read a personal finance blog and remember that there are a lot of people out there fighting the same fight. Read around through the archives and learn some new things – and perhaps get inspired to keep going, no matter what.
For more money saving tips from The Simple Dollar check out Little Steps: 100 Great Tips For Saving Money For Those Just Getting Started.
Don’t pay interest on credit cards. This is obvious, but I soon as you fail to pay off the credit card in full, the high interest payments start to eat away at your monthly budget. If the temptation to spend more than you can pay on a credit card is to great, get rid of the credit card…
Check the insulation in your home. Extra insulation can easily pay for itself in one or two years, and it helps save the environment, too.
For more money saving tips from The Dough Roller check out 75 Painless Money-Saving Tips.
Don’t buy into trends. Keep a wardrobe of classic pieces, so you don’t have to update your clothes every year.
Eat right and exercise daily. You’ll reduce health costs.
Don’t buy extended warranties. Eighty percent are never used, and they’re a major profit item for the vendor. That’s why they push you so hard to buy them!
For more money saving tips from the Frugal Law Student check out 180 Money Saving Tips to turn your Financial Life Around 180 Degrees.