GUEST POST: Are you using these amazing hacks to save $100 every month

Are you always short of cash at the end of every month?

Do you often browse payday loan websites for obtaining fast cash?

Let me tell you that these are not good signs since you can be in a financial trouble soon. Just imagine, your car needs a new tire at the end of the month. You don’t have an emergency fund to buy a new tire. So what will you do? You’ll probably borrow a payday loan to fulfill your short-term financial needs and eventually get into a long-term debt since the interest rate is sky-high.

Sometimes budgeting is not enough. You have to save money every month and create an emergency fund for the rainy days. Otherwise, you’ll be in a financial trouble. Here are a few life hacks that can help you save minimum $100 every month. This means you can save at least $1200 in your emergency fund at the end of the year, which is not a bad figure in my opinion.

 

Hack#1: Cook your meals at home. Don’t eat out.

Do you love to explore different cuisines of the world? Do you love to order pizza and have it in your dinner? Each time you order dinner over the phone or through an app, you have to pay a delivery fee. Moreover, you have to place an order up to a certain amount, which means you may have to spend more than what you actually need.

Instead, cook meals at home and eat with your family. If you have ordered a pizza, pick it up on your way back to home. This will help you save money in the long run. Dining out at a restaurant is a costly affair. If you eat out 12 meals in a month where each meal costs $10, then your total expense is $120. You can save this amount by cooking a meal at home.

 

Hack#2: Adjust your grocery list when there is a sale offer

Use coupons at the time of buying groceries. This would help you save minimum $100 every month. Try to adjust your grocery list whenever there are sale offers in the departmental stores. Suppose there is a buy one and get one free offer on a bottle of moisturizer. Buy it even if you have one in your home. Don’t buy moisturizer in the next few months. This will help you save money in the long run. Look at the Sunday newspaper for the best coupons.

 

Don’t buy unnecessary items just because there are sale offers. Buy only the necessary items. Otherwise, you’ll again end up wasting money. Have a talk with your significant other so that he/she also buys only the necessary items.

 

Hack#3: Start using a LED bulb at your home

Switch to LED bulbs from incandescent light bulbs since they last longer and consume less energy. Though LED bulbs are more expensive than incandescent bulbs but their longer replacement cycle makes up the difference in the cost. Usually, LED bulbs last 20 times longer than the incandescent bulbs. They help you save both money and time.

I decided to switch from incandescent bulb to LED bulb 2 years back. I’m glad that I took this decision. I replaced a 60-watt incandescent bulb with a 13-watt LED bulb. It had the same brightness and I had to pay only $9 for the bulb. The bulb has a lifespan of 20,000 hours. The previous incandescent bulb had a lifespan of only 1000 hours. Although it was less expensive (the price was only $0.99) but I had to pay more in the long run. If my present LED bulb consumes $0.12 per kilowatt-hour, then also I’m saving $122.61 per bulb replacement.

 

Hack#4: Cut cable plan to save $700 in a year

Have you subscribed to Netflix, Amazon Prime, and Hulu? If so, then reduce your cable plan or cut it altogether. You can watch your favorite shows on your smartphone or laptop. Why should you pay a good amount for expensive channels?

Some other tips to save $100

The list is practically endless. Here are a few tips that can help you save $100 in a month.

  • Sell those clothes that you haven’t worn in the last 1 year on eBay. Get rid of unwanted and unloved clothes. Avoid impulsive purchases.
  • Create an account in the holiday and airfare booking websites so that you can get big discounts at the time of hotel booking. I stayed in good hotels at a low price last year during my vacation.
  • Save $350 every year by washing your clothes in the cold water. Hang your wet clothes out to dry. You can also buy an energy efficient front loader.
  • Stop buying coffee daily since this single act can help you save $1040 every year. Coffee drinkers usually spend $3.50-$4 on coffee every day.
  • If you have to eat out, then opt for breakfast instead of dinner. A breakfast costs you $20-30 but a heavy dinner costs $60-$100 per person.
  • My friends call it “batch cooking”. I cook foods in batches on Sunday evening. I freeze individual portions and take them for lunch.
  • Watch youtube tutorials and learn how to do your own manicure or pedicure. Spa appointments and messages can cost you $125 per hour. But a pedicure kit from the market and let your feet relax on the weekend at half the price.

Conclusion

It’s hygienic to live in a clean house. So keep your house clean and tidy, be it in summer or in the spring season. You can discover many long lost furniture, artifacts, jewelry, and other items while cleaning your house. You can sell those beautiful pieces of furniture online and get extra cash. An average American household has $3100 worth of unused items. That’s quite a lot of money.

Author bio: Patricia Sanders is a financial writer and a blogger as well. She has been associated with DebtConsolidationCare for a long time. She writes regularly on her personal blog yourcardinalpoint.com on a variety of topics and she also contributes her valuable posts to different financial communities, blogs and websites too. You can also check out her social media profiles on Facebook and Twitter for more information.

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