What's a good way to save money?

What's a good way to save money?

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in Finance & Real Estate

2,943 plays | 21 ways to save money
Topic added by denisol

There's more than one good way to save money. Ever considered growing your own vegetables? Have you ever tracked your expenses using a spreadsheet to see where your money really is going? In just a few questions, Hunch can offer solid tips on how to efficiently pinch your pennies and save for your future.

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  • 1.
    Cook at home

    Cook at home

    This will save you money and improve your health!

    crackeral
    Pros: besides the savings it's also much healthier and rewarding Cons: work
  • 2.
    Don't buy anything you don't need

    Don't buy anything you don't need

    It's really quite simple, don't spend it. Don't buy anything unless you need it.

    anita1
    Pros: Its really that simple, don't buy stuff you don't really need, ask yourself, do I need ... Cons: Its simple yet it takes self control
  • 3.
    Read a book

    Read a book

    This item is awaiting a description.

    crackeral
    Pros: i like reading books but Cons: it's not cheap.
  • 4.
    Track your expenses

    Track your expenses

    Categorising your expenses (for example, using a spreadsheet or a dedicated tool) lets you see where your money is going and will help you keep a handle on your spending.

    forlornturtle
    Pros: I've found this an effective way of figuring out where I can save and of making ... Cons: Takes some effort to do this. May not be suitable ...
  • 5.
    Cook your own lunch

    Cook your own lunch

    This item is awaiting a description.

    jcarranza757
    Pros: Healthier than eat out and sometimes more delicious too Cons: If you are bad at cooking or just don´t have ...
  • 6.
    Use cash instead of credit

    Use cash instead of credit

    Don't carry your credit cards with you -- it will make you think before you make a purchase with cash only.

    forlornturtle
    Pros: Maybe makes you more conscious of how much you're spending. Cons: Harder to keep track of where money goes, because you ...
  • 7.
    Sleep

    Sleep

    Sleeping is free and reduces metabolic rates significantly. Unless you're prone to sleepwalking, you probably won't spend any money while unconscious, either.

    ziptron
    Pros: Feels great and good for you. Cons: Not really a money-saving strategy.
  • 8.
    Cycle or walk to work/school

    Cycle or walk to work/school

    You'll get some exercise and you'll get to enjoy the weather. You may also get sweaty, rained on, or hit by a bus. But hey, no worries about ...

    forlornturtle
    Pros: Really cheap in the long run, even if you initially have to invest in bike-related stuff. ... Cons: Can be inconvenient/uncomfortable compared to driving or hopping on a ...
  • 9.
    Use Public Transport

    Use Public Transport

    Public transport (or public transportation, public transit or mass transit) comprises passenger transportation services which are available for use by the general public, as opposed to modes for private use ...

    forlornturtle
    Pros: Good for the environment compared to driving. Gives you time to read and think. Cons: Not that cheap in many places. Can be stressful depending ...
  • 10.
    Turn your heating thermostat down by 1-2 degrees

    Turn your heating thermostat down by 1-2 degrees

    Why don't you put on a sweater?

    lap35
    Pros: Easy to do, without altering too much of one's life style. Cons: Won't actually save that that much money.
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Displaying 1-10 of 21 ways to save money