Setting aside cash for your savings account is important, but with prices skyrocketing, it can be challenging to increase your savings. In this article, we’ll discuss five unconventional money-saving hacks that can help you free up some extra cash for your savings.
DIY Beauty and Grooming
Instead of going to a salon or spa for haircuts, manicures, or facials, learn how to do it yourself. There are plenty of videos and tutorials online and even kits you can buy that will teach you how to get professional-looking results on your own. Not only will this save you money, but it can also be a fun way to learn new skills and is something you can do as an activity with friends and family. Incorporate this and other similar activities into a 26-week money savings challenge.
Bulk Cooking and Freezing
Preparing meals in bulk and freezing portions for later will help you reduce food waste and the need for dining out. You can prepare your weekly meals ahead of time and freeze them in individual portions, making it easy to grab a healthy meal when you don't feel like cooking. This simple hack not only saves you money on buying food but can also help you save time during the week since you won't have to spend as much time cooking.
Make Energy Efficiency Upgrades
Investing in energy-efficient upgrades around your home is another way to save money over time. Upgrading to energy-efficient appliances, LED lighting, and better insulation can reduce your utility bills. Also, unplugging devices and chargers when they aren’t in use will prevent phantom energy consumption that can raise your electric bill. By simply unplugging electronics that aren’t in use, you could save up to as much as $100 - $200 a year.
Plant a Garden
Planting a garden can be a fun and rewarding way to save money on groceries. If space allows, grow your own herbs, fruits, or vegetables to reduce your food expenses while enjoying fresh produce. Plus, gardening is a great way to get outside and enjoy nature. For those who have limited space, there are several small herbs that can be grown in flowerpots in your very own kitchen or windowsill.
Switch to Reusable Products
Switching to reusable products can help you save money on disposable items. Cloth napkins, wooden dish brushes, and washable cleaning cloths are just a few examples of reusable items that can be used instead of their disposable counterparts. Spending a few extra dollars on buying reusable products will save you more money in the long term. Not only will you save money, but you'll also be doing your part to reduce waste and protect the environment.
Whether your goal is to reduce your grocery bill, cut down on utility costs, or just have some extra spending money, these five uncommon money-saving hacks can help you save money by making simple, and easy changes to your lifestyle.