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5 Small lifestyle changes you must make starting today to save Big money

Author at TechGenyz Contributor

The cost of living is rising at an alarming rate and people all over the world are now being forced to make some lifestyle changes in order to save money and avoid astronomical debt. If you want to cut your spending but not feel like you’re missing out, the following are some small changes that will make a big difference.

Get social but not in Bars and Clubs

We’re social creatures and it’s important to fulfil the need to get out and meet new people. But have you thought about how much your social life is costing you? Going to bars and restaurants can be a lot of fun but nights out eating and drinking can take its toll on your pocket.

Opt to go for a picnic or grab a takeaway to eat in the park instead of going to the newest brunch spot in town. Skip the movies for a night at home playing board games with friends. Get a six-pack and hit the beach instead of sitting on a bar stool for the night. These are cheaper alternatives that may end up being more enjoyable too.

Take control of your funds

The number one rule to controlling your cash is knowing how much you earn and how much you spend. Keep detailed monthly records and areas where you can save or make more cash.

If you’re paying too much on loans, ask yourself can you refinance your student loans in order to save money? Are you paying too much for your phone bill each month? Do you have credit card debt that’s crippling your disposable income? Can you make savings by cutting out Uber lifts and taking public transportation instead? Track your expenses, ask yourself these questions, budget effectively and you’ll be well on your way to taking control of your funds.

Avoid processed foods and always Prep your own meal

Instead of spending your money on expensive processed foods with little nutritional value, why not cook home-cooked meals from scratch using veg and other healthy ingredients? Stock up on fresh ingredients on a Sunday and spend a couple of hours meal prepping for the week ahead.

Think beef stew, bean chili, cottage pie, lasagna, and delicious creamy curries and you’ll have a freezer full of wholesome dishes. Your pocket and your waistline will thank you for the effort you put in.

Bulk buy where possible

Check the supermarket for deals on products that you use regularly and snap them up. It may seem like a big upfront cost initially but you will make savings in the long-run. Be sure to also look for coupons and special offers online.

Always choose quality

It can be easy to opt for the cheaper alternative, especially when cash is tight. If you can afford to, always choose quality as the age-old saying of “if you buy cheap, you buy twice” is very true.

This applies to everything from the clothes you buy and the appliances you install in your home to the tradespeople you hire and the car you drive. Do your research into brands and always check out reviews from previous customers before you make a purchase. This little bit of effort could end up saving you thousands of dollars every year.