Saving money has always been a hobby for me. It really does feel more like a game, at this point. How much can I save? How far can I stretch one amount? This is not because I have to, but because I love being able to do twice as much with what I have. Not only do I think that it’s fun, but I also think it’s important to be a good steward of your money, in general. During the holidays this can get a bit tricky, but here are some of my ideas for saving a little extra cash so you can travel more!
1. Popping Tags
I have a degree in fashion design. That being said, I love expensive clothing (or well made clothing, which is usually very expensive). I love well made fibers and fabrics and leather boots are my weakness. I know that clothes are important to my psyche, so I make room for them in my budget. But there’s a catch. First off, if I want to go shopping for clothes, I have to sell clothes to Buffalo Exchange or Crossroads. This way I’m not only buying new clothes at a discount price, but I’m also cleaning out my closet and using credit to reduce how much I’m spending even more. There are also apps that do this, so don’t panic if you don’t have a store near you. The best part of this system is that I end up paying 1/10 of the price for designer clothing.
2. Discount Tickets
I grew up doing theater and I’ve always loved the stage (whether I’m on it or not). That being said, paying to see theatrical performances can feel like cutting a hole in your bank account and watching it drain. But I NEED theater, so I’ve found a few ways around the system. I usually go to previews or first performances (which can be based off of a “donate what you can” system) or I buy my tickets through GoldStar which is a discount site for just about everything in your area. I’ve literally paid $6 for a performance, before. Some aren’t quite that discounted but it does save a whole ton of money, especially for date nights.
I am hugely into volunteering. I grew up volunteering basically every weekend and I think it’s so important to give back to causes that you’re passionate about. For me, this includes some local venues that promote the arts. In exchange for volunteering I get free access to the performances and I’ve even been able to catch one by the amazing spoken word artist and poet, Sarah Kay.
4. Buy And Cook In Bulk
I have a bit of a dietary advantage because I’m allergic to pretty much everything expensive (cheese, dairy, alcohol) but I still keep an eye on how much I spend on food. Not only do I make massive meals which I then store so I can eat them in the future, but I also buy in season (fresh food that are usually on sale). This is a great technique for people not onboard with a Top Ramen diet.
I’m also very pro stats and analytics, so I love drawing up lists of what I’m going to buy and then trying to keep it all within budget. You might not be so nerdy. But here’s one small tip: Do not go in the store without a list – and stick to it. You’ll be surprised how much money it saves you.
5. Monthly Phone Plan vs Contract
I decided a few years ago to go off of a contract and grab a “pay as you go plan” for my phone. Why? Because it’s really important for me to be flexible about where I live and what I’m paying for. If I end up moving back to Europe, I don’t want to be tied to a three year plan. This also saves me a lot of money since Verizon offers plans for as little as $40 for 3gb of data and unlimited texting/call.
6. Phoning A Friend
I’ve had my iPhone for three years, and while it’s not cutting edge, it’s also not cutting into my savings with a $700 bill. I do like technology, but I’m not onboard the get further in debt to get a phone the size of your face train. My phone is just now starting to show signs of wear/needing to be replaced, but even in replacing it there are ways to save money! For instance, I’m going to be buying a refurbished phone rather than shelling out for a brand new phone. You might be surprised how much you can save! Check out some buy options HERE, if you’re not crazy happy about searching Craigslist.
7. Breaking Up With Netflix
Here’s the controversial one. I don’t have Netflix. I know: how do I survive? But I manage it with only having to occasionally explain that I don’t have it, to people who refer to shows/movies based off of them “being on Netflix.” To clarify, I also don’t have Hulu. These services just aren’t something that I need in order to be happy. A lesson that I didn’t learn until I lived in France and couldn’t afford them. Even now that I can, I just don’t need the temptation. I do have access to PBS because I donate to them monthly. Supporting public programing is really important…and I love documentaries.
8. Negotiate EVERYTHING
I save $240 a year on my wifi bill because I negotiated it down with my provider. Why? Because prices are arbitrary and companies would rather be getting some money from you, than for you to go to a competitor because of $10/month. The moral of this story? Ask! If you’re paying bills you can always call and ask if there’s any way they can decrease the bill. The key here is to be really nice. Customer service people get yelled at 60% of their day ( #unofficialstat) for things they have no control over. Show them some kindness and you’ll go far.
9. Invest In Things That Last
Okay so this goes back to the same idea as saving money on clothes. Something I never realized (being raised in the consumer capital of the world: the U.S.) was that if you buy a good pair of shoes then you can literally wear them for YEARS. Well, I apply this principle to everything I buy. If there’s a sturdier option, I go for that one. It might be a few more dollars initially, but if you don’t ever have to buy that thing, again, then it’s so worth it. Example: buy glass, not plastic, to save food in.
10. Make It Myself
Here’s another thing I learned whilst being hopelessly broke in France: there are a lot of things that are pretty easy to make. While I realize not everyone is crafty, there’s always the option of hopping on Pintrest if there’s something you love, but can’t swing budget-wise. Chances are, there’s a tutorial (let’s be honest, Pintrest has everything). Especially if you found it in a store that rhymes with Shmanthropology, look it up on Pintrest – you can probably save 60% just making it yourself. Check out my crafting Pintrest board for more fun ideas!
Phew! Fun, right!? Here’s the great part – even if you only follow one or two of these, you can save a little more and put that money toward travel. Want more ideas? Check back for part two (because I have that many ways I save money) next week!
Did I miss something? Comment below with your money saving ideas!