Money Saving Ideas

Money saving ideas are important because they save your company money and help ensure you have the funds necessary to pay for present business expenses and future business costs as well as create a reserve that can be used as a fallback or future investments.

Here are some of my favorite save budget ideas:

1. Turn off the lights when you are not in the room!

If you are leaving your office for any reason, turn all of the lights off before you leave to help save energy and money. This is a simple way to save money that many people often forget about or neglect to do.

2. Instead of printing, try to see if you can do all of your work online and save paper and ink at the same time.

By only printing when absolutely vital that you need a physical copy will help cut back on overhead costs such as paper and printer ink.

3. Use coupons when you shop for personal and business expenses.

Coupons are a great way to save money that can add up in the long run!

4. Get rid of subscriptions that you no longer use or which you feel like you do not need anymore.

Many times people subscribe to services that they do not use or need and end up wasting money on something they could live without. Make sure you look through all of your subscriptions and see if there is one you can get rid of in order to save money.

5. Carpool with coworkers when traveling for business.

Riding with coworkers instead of driving alone can help you split costs and save money at the same time.

6. When traveling on business, call around to see if cheaper fares are available from one city to another before booking a flight.

Many times flying from one particular city to another will cost more but flying from city to city within two or three hours of the first place will be much cheaper.

7. When eating out, always ask for a lunch menu.

Many restaurants have lunch menus with lower prices that are only available during certain times of the day which is typically right before their busy dinner time Ask if you can get the lunch menu even if it is not time for the lunch menu to be offered. This is a great way to save money when eating out.

8. Wait until an online purchase has gone on sale or wait for a coupon code before making an online purchase to save money.

Many times, websites will run awesome deals which happen fast! If you are not paying attention or need something ASAP then this may be a way to affordably get the thing that you want without having to spend too much money.

9. Start comparing the prices of items before you buy them.

By comparing prices, you may be able to find a better deal on an item that you have your eye on and if not then at least you know where the going rate is so when it goes on sale in the future at a different store or by a different seller, you can get it at a better price.

10. Don’t impulse buy.

If you start to feel yourself being tempted by an item that is not something that you really need, then do not buy the item! You will be glad when it comes time to go home or when your credit card bill arrives because you know that you are not spending money on something you do not really need.

These are just a few of the best ideas for saving money but it is up to you to make sure that these are implemented in your daily life. If everyone were to implement even half of these suggestions then they will have more money because they are not spending it on unnecessary things.

How to Save Money on Low Income

Living on a low income doesn’t have to mean living without. When you are living in poverty, earning less than $30K per year, save every dollar you can so that it will pay off.

If money is tight and the bills are piling up, here are some ways to save your hard-earned cash:

Maintain your vehicle well

Do not be afraid of doing small maintenance jobs yourself just because you don’t know how, because save money by maintaining your own vehicle. You may save hundreds of dollars a year by doing minor repairs and maintenance on your car yourself, rather than paying someone else to do the job. For instance:

Doing oil changes is easy with a mechanic’s ramp from an automotive store. Cleaning out fuel injectors can save you hundreds of dollars, as well as save time that could be spent in other ways.

Barter goods and services

There are many free sources of household help on Craigslist such as mowing lawns in exchange for free childcare or cleaning homes one day per week in exchange for a babysitter.

Barter goods and services with friends and neighbors. If you enjoy gardening, cleaning, or trades such as plumbing, offer to do these jobs for others in exchange for things you need.

Maintain and save money by doing small maintenance jobs yourself rather than paying someone else to do the job. For instance: Doing oil changes is easy with a mechanic’s ramp from an automotive store. Cleaning out fuel injectors can save you hundreds of dollars, as well as save time that could be spent in other ways.

Make informed grocery decisions

The most costly items in the grocery are meat and produce so plan your weekly meals around cheaper sources of protein, such as beans and tofu or fruits and vegetables . When choosing animal-based protein, always purchase the whole/half animal rather than pre-packaged meats.

Begin each shopping trip by planning out your menu for the week and sticking to it. Make a list of meals you can make with ingredients already in your house.

Blend and save money on food

Buy in bulk whenever possible (but not when fresh produce is involved as it decreases in nutritional value over time.) If buying meat or other perishables, save money by freezing some for later use.  

Cooking large meals for leftovers helps save money because portion sizes are likely smaller than if eating a whole entree every meal. This also saves time that might otherwise be spent cooking every night of the week! Visit farmers’ markets for fresh produce.  

Become friends with a nearby grocery store manager and save money on groceries by purchasing items that are about to expire at discounted prices . Dried beans are extremely cheap, high in protein and easy to prepare- the perfect way for low income families save money on meals!  

When making large batches of soup, add many types of vegetables so that you only have to eat it for one or two days as leftovers.

Make your own condiments such as ketchup, hot sauce, salad dressing and jams. Freezing bread is a great way save money because it can be used in most dishes.

Cheaper cuts of meat are often just as tasty as the pricier versions, provided they are cooked correctly.

Combat food waste

Wasted food costs money and creates unnecessary clutter. Be mindful of the amount you purchase by using an exact measure for each recipe you make or getting a scale to weigh produce so that you know exactly how much you have purchased.

Freeze any leftovers immediately rather than letting them sit in your fridge or save money by planning meals around those items that would be otherwise wasted such as stale breads.  

Buy generic brands when possible  The healthiest foods (dark green vegetables, nuts, seeds, and lean meats) are least likely to be reduced in price even when bought in generic brands.

Buy ingredients in bulk when you see a good price on them. Freeze or dry excess herbs to save money by using less expensive versions of these spices.  

Make things yourself rather than buying them at the store such as applesauce, peanut butter, flaxseed oil, and juice. Learn how to make bread from scratch and save even more!

Utilize free food resources

Check out your local community center or church to save money on groceries. Many grocery stores sell “seconds,” which are produce items that are perfectly fine, but they did not meet the appearance standards of the store’s brand image.

Work part time

Even small amounts of income add up quickly over time.  

Barter/Trade services

If you have skills, offer your services to save money in exchange for the goods or services that you need.  

Trim your grocery bill with coupons

While accepted by many companies, coupons are a great way save money on groceries because they often save around 50% of the cost of an item.

Visit your local library or save money by using a free computer at the library as you research recipes and plan menus for cooking on a budget.  

Create your own recipes with more expensive ingredients in order to save money later on. Most people can save some money by cutting their food costs by 10% over a year, save even more by 20% or more.

Do not waste food

The average American wastes 15-25% of the food that they purchase each month. That is a lot of wasted money! Save money on groceries by eating what you buy and using leftovers from the night before in new recipes to save time cooking.  

Save money on heating bills by turning the heat up a few degrees during colder days, save even more money by wearing layers, and utilizing blankets to save money.

We hope these helpful tips save you some time and money so that you can focus on living your best life.

Tips to Adjust Your Money Mindset

Money is a powerful tool, but it can also be an emotional burden. How money makes you feel has a lot to do with your money mindset. If you are feeling like money is the root of all evil, or that money doesn’t buy happiness, then this post will help put things into perspective and give you some tips on how to change your money mindset!

Tip #1 Change your money mindset by considering money as a thing, not an emotion.

Money is simply a medium of exchange and has no intrinsic value on its own. It only has value when it’s used to buy something you want or need.

No money no matter how much you have in the bank is worth anything unless there are goods and services in the world to spend it on that are worth more than what you’ve already spent money on. Thinking of money this way will help you break away from the mentality of thinking about money as power, status symbol, or to win someone over because all those things directly derive from emotions. If money can’t buy something then it doesn’t really exist.

Tip #2 Reinvent your money mindset by reminding yourself money is a tool.

Money is a tool used to create wealth. It isn’t an endpoint or objective in and of itself, but money can be used to obtain just about anything you want in life!

Remind yourself that money is only important if it’s being used to buy the things you want or need which are worth more than what money spent on them originally. If money isn’t being spent then it’s not really money at all, it’s just a pile of paper…worthless unless something else is bought with it!

At this stage, you could take some solace in the fact that money can sit there quietly tucked away in a savings account doing no harm to anyone, but money is only money when it’s being used. Meditation can help you get in a money mindset where money does no harm and all that matters is whether the money will be spent or not.

Tip #3 Change your money mindset by getting clear on what money is.

Once you start to think of money as a tool and not an emotion, the next step will be to define money for yourself.

What does money mean? What does money represent? How do you feel about money? You can’t answer these questions without first defining what money means to you.  For example, if money is a cherished friend that will always be there for you as a true companion, then it’s easy to see how spending money won’t matter because no matter what happens in life, money will still be there! Of course, that’s an easier thought than thinking of money as the person who betrayed you and left you with nothing but a broken heart!

Either way, money is money. It has to be spent or it’s worthless. But money can represent something more than the fact that you have it and someone else doesn’t. What money means to you will determine if money buys happiness! After all, who cares how much money you have when your best friend just died?

Tip #4 Change your money mindset by considering the whole picture of money in order to change your thinking around money.

You probably know that money is a tool used to create wealth but what many people don’t realize is that money isn’t really there for them in a monetary sense at all! Think about it this way, if nobody was alive on Earth then money would still be exactly what money is. Nothing!

Money only exists for money’s sake because money itself was created by society to facilitate trade so people could buy and sell goods before money was in common use; money does not exist for the sole purpose of making you money or enriching your life.

If that were the case then money would be tied directly to emotion and not just an impersonal medium of exchange with no intrinsic value on its own. The future generation will still need money, but they won’t know why it’s there unless we have a system where money has value independent of any human emotion attached to it.

Money has no intrinsic value on its own, but you’ll find yourself feeling like money is an emotion. If money has no worth then why do people kill for money? Why do people steal money from one another? 

It seems crazy to think about murder and theft over a simple thing like money until you realize how emotionally driven we are when it comes to the topic of money! No wonder so many people feel anxiety around money because there are some deeply-seated emotions tied into it!