Category Archives: Frugal Money Saving Tips

Save Money: Don’t Buy a Gym Membership

 

Gym MembershipIn my opinion, one of the biggest wastes of money is a gym membership. In an economy which is in a bit of a slump and unemployment which is increasing, signing up for a 1-year contract is a bigger commitment than you might initially think. Having worked at a gym when I was in college, I know all too well the number of people who come into the gym eager to exercise, purchasing a $500 annual gym membership without thinking twice. If these same people ended up coming to the gym for the next year consistently, I wouldn’t have much of a case here but the fact is that the majority of people don’t.

The idea of signing up for a gym is based around the idea that you need a gym membership to get fit. This is obviously not true in most cases as many other more affordable or often times free facilities exist. I love being outdoors and am lucky enough to live in a climate where I can be outside 12-months of the year. I would never give up the running trails of my local neighborhood for a treadmill in a dusty gym. Not in a million years.

One of the best things I ever did when I was about 25 years old and looking to get in better shape was to hire a fitness professional . Not only did they motivate me to get out and exercise but they also taught me a book full of exercises to do at home which I have now being doing for over a decade. Even if you hire a personal trainer for just a few sessions in your lifetime, you will be provided with enough fitness wisdom to last you for a long time to come.

Another reason people sign up for a gym membership is because it provides you with access to equipment. But the fact is that much of the equipment you really need to have a great workout is extremely affordable to have at home and take to the park with you. That way, you don’t have to deal with the crowds at the gym and the waiting for equipment. Plus, you will increase your chances of avoiding the common cold as gyms are essentially cess pools for germs.

So the next time you are considering to buy a gym membership, spend some time looking at other options. Rather than signing up for a 1-year membership, perhaps consider a 1-month membership instead or even just a drop-in. Although you’ll pay more per session, you will likely save money over the course of a year.

Practical Frugal Ideas to Save Money

If you are thinking of saving money for your holiday trip, or you just want to save some extra cash for contingencies, there are various smart ideas that will go a long way in reducing your financial pressure. They will also enhance your self-esteem. You can significantly cut down your costs by taking some small steps and living more prudently. There are many frugal ideas to save money which you can use to help you trim your budget and they include: Continue reading

Learn How to Save Money through Various Ways

We all need to learn how to save money even though it is not as easy as one would imagine. There are some people who have tried many ways to save money without good results. If you want to succeed in this endeavor, you need to adopt the lifestyle of budgeting on your money. It isn’t possible to just sock thousands of dollars away within no time. Therefore, there are some measures you need to take before thinking about making any investments – your retirement plans and other things – beyond your basic living expenses. Continue reading

Tips and Tricks to Help You Save Money on Groceries

One of the easy ways to reduce your household expenditure is to save money on groceries. Groceries are not like mortgage or the fixed payments on your car because their costs have the tendency of rising. Just by making some simple changes, you will be able to save on your monthly grocery bill. Save Money on Groceries by buying generic products
Whenever a generic store brand option presents itself, go for it. This is because in most cases both products share the same recipe meaning that the additional money charged is merely for the brand name. Continue reading

Guidelines on Smart Ways to Save Money

Most employees will acknowledge the fact that they always wish they had additional money to spend, no matter how much money they earn. More often than not, they find that whatever they earn can only cater for rent, food and utilities with no extra money left for saving. Setting aside some money therefore, always seems to be a remote possibility. However, there are smart ways to save money irrespective of the nature of your job and how much you earn. Continue reading

How to Be Frugal and Save Money for Other Uses

To be frugal is one way of making it through the economically difficult times. Actually, living frugally is an ideology representing a particular attitude towards money. You don’t have to be poor to be frugal; being frugal simply means that you are more careful in your daily dealings to allow you to generate a reasonable amount of money so that you have adequate resources for anything you want to do. There are various tips on how to be frugal and save money. Continue reading

Various Simple Ways to Save Money

Saving money is a necessity and so failing to make any savings today means you are putting yourself in a precarious position of a possible financial mess in future. The foundation of successful money management is the ability to make good savings; but it is unfortunate that when it comes to that, it is often much easier said than done. Although it is possible to save money, many people offer excuses as to why they are unable to do it. There are many simple ways to save money if you are serious about it. You should not let any excuse dictate your actions because this will deter you from making any move to save even a small part of your income. All you need to do is to take a look at the big picture and you will realize that you can always find a way of saving some little money.

Reduce Your Commuting Costs

Ways to Save MoneyOne way to do this is buy a bike. You will not only be able to save on gas alone but also on car maintenance. You will get the additional benefit of exercising on regular basis and keeping yourself healthy. If you find biking inconvenient for you, you can consider other options to reduce your commuting costs such as using mass transit, carpooling or organizing for car sharing. Another way is by turning into a better driver; drive less aggressively by easing off the accelerator and ensure that your car undergoes routine maintenance. This will enhance your car’s performance allowing you to make additional savings.

Simple ways to save money – be a shrewd shopper

Plan to shop for some items you need, like clothes and shoes during the off-season. For instance, if you buy a winter coat on clearance in May rather than December, you will make significant savings. You can also clip a number of coupons, come with your own bag to the grocery store, and request the staff there to match their prices with those of their competitors. Ensure that you do proper research before you make any big purchase.

Multitasking

If you are a lady, you can multitask when you are home. For instance, you can opt to use washcloths instead of costly facial makeup remover pads. You may even improvise cleaning and beauty supplies from some stuff in your cabinets and use them around the house for other purposes wherever possible and use a spare living room table as a nightstand in your bedroom.
Yet another one of the simple ways to save money is to multitask by organizing social outings which include fitness and some free community events, as a way of passing time with your friends as well as entertaining them. This way, you have the benefit of socializing as well as having workouts without necessarily spending much money.

Apply For Scholarships

If you are a college student, or student-to-be, you could consider applying for scholarships to help defer your costs. You don’t have to be the smartest person in your class or even the best athlete. There are literally thousands of scholarships out there that you can apply for. You just have to find them and fulfill the application requirements. Some applications are quite involved and may even require lengthy essays. The much simpler variety are the applications for scholarships without essays.

Whatever you want to save for emergencies, education, retirement or long-term goals, you can integrate what suits you from the above tips. Soon, you will find yourself at ease with an increasing bank balance and enjoy peace with no worries, knowing that you have a good financial foundation. However, you need to be smarter and make more effort to come up with several simple ways to save money. Obviously, spending is more fun than saving money but with time, you will definitely come to appreciate your rising bank account balances.

References

Image: “Guy Riding Bike” from Flickr by Matei D.