8 Awesome Money Saving Life Hacks To Try Now
Everyone could benefit from a few money-saving life hacks – especially in today’s economy. From ways to save on standard shopping to getting discounted medicine and even coffee, we’ve got you covered. Plus, learn how to pay for emergency expenses with a payday cash advance in South Carolina.
8 Money Saving Hacks Explained
1. Pay With Cash
Studies have shown that people spend less money when they pay in cash versus when they pay with a card. It’s all too easy to swipe your debit or credit card and rack up large amounts of debt without noticing, but handing the cashier your last bill is another story.
To limit your trivial spending even further, carry larger bills like $50s and $100s which are harder to break.
2. Choose Store Brands
On average, you could save 25% if you opt for store brands instead of name brands. For many types of food, store-brand items are the same as brand-name items except for the packaging and price. These items include:
- Milk (non-organic)
- Peanut butter
- Frozen vegetables
- And more
When shopping for clothes, opt for second-hand or thrift shops. They may have the brands and materials you like at less than half the cost; plus, it’s eco-friendly.
When shopping for prescription or over-the-counter medication, get lower prices at Costco – and you don’t have to be a member!
3. Get Cash Back On Your Purchases
When thinking of money saving life hacks, you can’t ignore getting cash back for shopping you already had planned. The app Rakuten, for example, gives up to 10% cash back on certain products, but you’ll have to buy them through the app or website. MyPoints, Pogo, and Swagbucks are other apps that offer similar deals.
For grocery shopping, keep your receipts and scan them onto Ibotta to get up to 5% back on your purchases. As a bonus tip for grocery shopping, be sure to meal plan, make a list, and purchase seasonal vegetables to stick to your budget.
4. Don’t Spend Your Raise
Most people fall into the trap of inflating their lifestyle once they get more money. When given a raise, receiving an inheritance, or otherwise increasing their income, this extra money gets thrown into a new expense or lavish lifestyle while savings and investments are pushed aside.
The next time you receive extra money, act as if you didn’t. Put it directly towards paying off high-interest debt or your emergency fund/investments. Money saving life hacks like these will help you reach your financial goals much faster than anticipated.
5. Filter Your Water
The average American spends hundreds of dollars per year on bottled water, adding up to thousands of dollars over the years. Save yourself money and the environment by buying a filter for your tap water instead. It will remove all impurities and offer you clean drinking water for free.
6. Buy Cosmetics In The Baby Aisle
Certain cosmetics like lotion and cotton pads are cheaper in the baby section than they are in the cosmetic section. These products are also usually more natural and contain less harmful ingredients, so it’s a win-win.
7. Get Discounted Coffee
Most of us run on coffee, so this money saving life hack is also lifesaving. Many convenience and coffee shops offer a discount if you bring a reusable mug for your next cup of joe. Some places will require you to purchase their refillable mug while others let you bring whichever mug you prefer.
- Einstein Bros. Bagels
- Peet’s Coffee
- Tim Hortons
- Caribou Coffee
- And others
8. Use A Payday Cash Advance For Emergencies
If you’re faced with a financial emergency, you may be scrolling through these money saving life hacks but finding that you need more help. Instead of sucking your savings dry or ignoring other important bills, consider getting a payday loan from Carolina Payday Loans, Inc.
These loans are great for paying off urgent medical bills, home or car repairs, or emergency travel expenses. They are offered in amounts from $100 to $500 and you can receive the cash as quickly as the same day you apply.
How To Get Your Payday Loan
Requesting a payday loan at Carolina Payday Loans, Inc. is fast and convenient. First, submit the quick info form on our homepage. Next, receive a call from one of our representatives who will answer any questions you have and plan your visit to the nearest office.
Once you arrive, you’ll present your official I.D., a blank check from your checking account, and your latest pay stub. After a quick evaluation, you’ll receive the loan decision.
Keep your budget on track and face your financial emergency with a payday cash advance from Carolina Payday Loans, Inc. You could have cash in your pocket by the end of the day and be ready to get back to your money saving life hacks by tomorrow. We’re waiting to lend you a hand –reach out to us today!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.