How To Save Money Fast – 18 Money Saving Tips


Brainy Dose Presents: How To Save Money Fast – 18 Money Saving
Tips Learning to save money, especially finding
ways to do it quickly, is something that can benefit anyone. There are many good reasons to start saving
money. Maybe you suddenly got slammed with an unexpected
bill, or maybe your friends just invited you on that trip of a lifetime. Or perhaps, you want to buy a house and you
have to save for the down payment. You could even just be trying to grow your
emergency fund so that you are better prepared for any unexpected expenses. Whatever your reason may be, there are a lot
of ways to save money! Number 1 – Track Your Spending And Create
A Budget Tracking your spending is the very best way
to identify areas where you can save money. All you need to do is track your spending
for one month, and this will give you a good idea of where your money is going. Once you’ve identified where you’re spending
your money, and you see areas where you can reduce spending, you can set a reasonable
budget and then stick to it. This is a simple thing to do, and it’s a
very effective way of controlling your spending. Number 2 – Pay Off Your Debt If you’re carrying a credit card debt, you’re
wasting money. As difficult as it may be, your top priority
should be to pay off your debt and free yourself from those high interest rates. Hopefully, some of the other tips on this
list will help you retain more of your cash that you can then use toward conquering your
debts. Number 3 – Automate Savings Transfers Each
Payday If you can’t seem to create a habit of saving,
scheduling automatic transfers to your savings account can be a huge help. When you have a certain amount of your paycheck
automatically transferred to your savings account each payday, there’s less temptation
to spend it – and you can easily watch your account balance grow over time. Review your budget and choose an amount that
you can commit to regularly, then put your savings on autopilot. Number 4 – Negotiate Your Bills While some of your bills, such as your rent
or mortgage payment, may be non-negotiable, you may have some wiggle room with others. For example, you may be able to find a better
deal on your car insurance or your cell phone service. Doing some research to find better rates,
can take a little bit a time – but it can be time well spent, if it helps you save money. Number 5 – Set Up Automatic Payments For Bills With our busy lives and busy schedules, it’s
not uncommon to forget to pay some bills on time. An easy way to save money, is to simply pay
your bills when they’re due. Companies typically charge a late fee for
any balances that are overdue. And while it may just be a few bucks here
there, these fees quickly add up – especially if you pay multiple bills late. So, set up automatic payments for bills to
ensure that they’re paid on time, and to avoid any late fees. It’s also important to keep an eye on your
bank account balance to avoid overdrafts and accumulating additional fees. Number 6 – Go Cash Only Put your credit cards away, and then take
out a limited amount of money from your checking account -enough to last you for a few weeks. Basically, you withdraw a limited amount and
then watch it shrink. Since we’re more motivated by loss than by
gain, each dollar you physically spend will force you to spend consciously. Number 7 – Consider Relocating Perhaps you live in the downtown core, and
your mortgage or rent costs you 2-3 times more than it would if you moved just 15-20
minutes outside of the area. Relocating to an area with a lower cost of
living or downsizing your home, could potentially put hundreds to thousands of dollars in your
pocket each month. Obviously there can be some roadblocks that
may prevent you from moving, but if relocating is an option, it may be well worth considering. Number 8 – Stop Paying For Convenience It’s the American way to pay for convenience. People are willing to pay $5 for a taco they
can make at home for less than $1. They pay $6 for a cup of coffee at a local
cafe rather than brew an entire pot of coffee at home for a few pennies. Taking a little extra time out of your day
to make your own food, brew your own coffee or clean and repair things around the house
can grow your bank account rather quickly. Number 9 – Make A Grocery List Making a grocery list before you head out,
will quickly save you tons of money. This will ensure that you end up buying only
what you need, and that you don’t fall victim to any impulse purchases. Write down everything you need for the week. The less times you go shopping, the less likely
you’ll be to pick up something you really don’t need. Plan to shop for an hour or less, and try
to race the clock when you shop. This way you won’t spend time wandering
around picking up things that look appealing. Also, plan to go shopping shortly after you’ve
eaten. Everything will look less appealing if you’re
shopping on a full stomach. Number 10 – Downgrade Your Cable, Phone And
Internet For most families, these three services equal
big bucks every month. Monitor your use over a month or two, and
decide what you actually need and what you could cut. Do you really watch any premium channels? Is your landline phone doing anything other
than collecting dust? How fast do you need the internet to be if
you’re only checking Facebook and email? It truly pays to shop around and find a cheaper
service. Number 11 – Cancel Paid Subscriptions, Memberships
And Services Are you subscribed to a magazine that you
never read? Are you paying for a product delivery service
that you hardly ever use? If you have a gym membership, when was the
last time you actually made an appearance? Paid services, subscriptions and memberships
can really add up. Make a list of all the ones you have, and
ask yourself if you really need them. If the answer is NO, it’s probably time
to cancel. Number 12 – Quit Your Bad Habits For most people, it’s not easy to quit smoking,
drinking, using drugs, or overeating – but these habits are costing you more than just
the price of your vice. Quitting destructive habits will improve your
health, lower your insurance premiums, and save you a surprising amount of money. Number 13 – Buy Something New When You Replace
Something Old If you tend to buy things only because they’re
on sale, or just because – perhaps it’s time to stop because you’re wasting money. By establishing a rule that you can only buy
to replace something you already have, you’re creating an ‘active barrier.’ Before buying anything, think about how many
of those you need, and how many you already have! Then think again, if you really need a new
one. The psychology of having to open up your closet,
decide what to give away, and get it to the nearest charity (or garbage can) is enough
to stop many of us from buying something new. Number 14 – Practice The 30 Day Rule The 30-day rule is a simple method to control
impulse spending. Here’s how it works: Whenever you feel the urge to splurge – whether
it’s for new shoes, a new phone, or a new car – force yourself to stop. If you’re already holding the item, put it
back. Leave the store. When you get home, take a piece of paper and
write down the item, the store where you found it, and the price. Also write down the date. Now post this note somewhere obvious: a calendar,
the fridge, or a bulletin board. For the next thirty days, think whether you
really want and need the item. If, after the 30 days, the urge is still there,
then consider purchasing it. That’s all there is to it, but it’s surprisingly
effective. The 30-day rule works especially well, because
you aren’t actually denying yourself – you’re simply delaying gratification. This rule has another advantage: it gives
you time to research the item. Number 15 – Take The Time To Comparison Shop This tip goes hand in hand with the previous
point. The retail industry thrives on impulse, luring
you with so-called sales that urge you to make an immediate purchase. Although there are some door buster deals
that may actually be worth it, more often than not, you’re better off taking your
time and comparing prices with other retailers. Among the many things you should consider,
are not only the base price of an item, but also any shipping costs, coupon codes, and
other offers. As an added bonus, during the course of your
comparison shopping, you may even realize that you don’t actually need the item you’re
looking to buy! Number 16 – Watch Out For Fear Of Missing
Out Your favorite social media site may be super
addictive and offer plenty of useful advice. But they can also lead to fear of missing
out. You’ve probably seen dozens of articles
– that whether intentional or not, make you feel guilty about what you’re not doing. Such as: • Things you should do in your 20s or 30s
• At what age you should buy a house or car
• What luxury items you need to own … and so on Ask yourself, are they really things YOU want
to do or buy? Or are you checking off items on someone else’s
“bucket list”? Create your own list of goals, focus on them,
and let go of the rest. Number 17 – Turn Trash Into Cash Another way to bring in more money is by selling
things you no longer need. Look for designer items you don’t wear, electronics
you aren’t using, old books, or anything else you can put up for sale on eBay or Craigslist. Figure out what your stuff is worth – so you
get a fair price – and stay safe by following best practices, like meeting buyers in a public
place. Number 18 – Earn More Money Using A Skill
You Already Have Most people only think about cutting costs. This often leads to reading silly articles
online that seem to only suggest ridiculous tips on how to be frugal. We forget about the possibilities of earning
more money – which is the most powerful of all. Try negotiating your salary at work, starting
a second job, or freelancing in something you’re really good at. With this extra income, you’ll be surprised
how fast your savings account will grow. Saving money is not as hard as you think. You can save a significant amount of cash
just by making small changes. And the best part is, not only will you learn
to value money, but in the process of saving, you’ll also learn which strategies work
best for you – so you can use them again when needed. Or maybe you’ll keep saving – that way you’ll
always have some cash handy to cover whatever expenses come your way. At the end of the day, having a little extra
in your savings account can give you the confidence and security to enjoy life. What do you think? What are some other good ways to save money? Let us know in the comments below! If you enjoyed this video, give it a thumbs
up, and share it with your friends, so we can keep making them. For more videos like this, hit the SUBSCRIBE
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as well. Thanks for watching!

100 thoughts on “How To Save Money Fast – 18 Money Saving Tips

  • Hello, I like your videos. Recently I made a post on my blog and this video will help my visitors. I am posting this video on my site, hope it helps us both, thank you ๐Ÿ™‚ -Amelita from Copywriting Affiliate ๐Ÿ™‚

  • There are plenty of ways to save money. All we need to do is to start with it and be persistent and determine because if not, we cannot bring in more money and wonโ€™t accomplish our money goals.

  • I spend money on cigarettes now I have to stop I feel I I can not get a chance to stop I have coffee at home please help me ?

  • Pro-tip: Walk off the #SlavePlantation that #Dummycrats and #Retardicants desperately want you to stay on, by supporting alternative candidates outside of the farce of the two party system, thereby reducing the taxes you have to pay just to keep up with the interest only payments on the titanic debt that both Retards and Dummies are working together in such a bipartisan manner to bankrupt you with and keep more of the money you earn instead of flushing it down the toilet on interest only.

    Remember, #BasicMathSkillsCount!

  • I love your tips on saving money! I also believe that everyone should be smart about managing their hard earned money.

  • how to save money effectively ?
    1 . don't waste money on buying makeup ๐Ÿ’…
    2. don't waste money on buying plenty of dress just use 2 pair for months ๐Ÿ‘ฐ
    3. dont waste your time on fb / insta which will lower ur battery and you'll need to charge it so just use phone when it need so you won't get addicted to social media plus you save alot of money
    4 . just save little amount everyday no matter how much it is just fucking save
    5 . don't sleep in separate room sleep in your sibling room ๐Ÿ˜‚
    6 . don't buy unnecessary which is tending everywhere but it's just useless ๐Ÿ˜•๐Ÿ˜ด
    bonus tip ร— stay single if you want to save your life , money , time plus your heart ๐Ÿ˜ฃ๐Ÿ˜Œ ร—

  • Open a savings account theyโ€™ll take out money frm the checking and on the side frm that take a certain amount frm each check and put it in a piggy bank๐Ÿ‘Œ๐Ÿพ

  • Hi and2 aqu pra tumolong nanood muna qo bago ko pinindot lahat sana kw dn dalaw sa bahay hnytyn kita sa bahay ko

  • Wow thanks for sharing how to save a money, dito na ako sa bahay mo na dalaw na kita, tambay muna bago pindot. Salamat

  • Nakarating narin ako dito, nood ng video. Nice video about savings money gusto ko to mga ganitong topic, nice one ๐Ÿ‘

  • Weโ€™ll both get $50 when you open a Chime bank account and set up direct deposit! Get your paycheck up to 2 days early and say goodbye to ridiculous bank fees. Check it out: chime.com/r/dexterprice

  • I'm not sure but ,if anyone else wants to uncover how to fix your credit rating try Magonsi Credit Magic Expert (just google it ) ? Ive heard some unbelievable things about it and my brother in law got cool results with it.

  • I always save money by finding free activities and entertainment! I made a video on saving money in an expensive city for those interested ๐Ÿ˜€

  • Save money fast by not going to college. Learn a skill online and keep a portfolio of your work. You can figure it out.

  • Well im 12 and i just take some of my extra lunch money and put it in my piggy bank and i sell some stuff to earn money

  • Great savings tips! I recently did a savings challenge and managed to save $1300 a month by cutting down household costs and "frivolous" spending. Keep up the great work and thanks for sharing!!!

  • Step 1: get milk jug or anything thatโ€™s 1 gallon
    Step 2: put coins in milk jug not dollars
    Step 3: get a small or medium container (youโ€™re choice)
    Step 4: put dollar in bin put the money in the bin wrap it in duck tape and add some layers so you are not tempted to spend
    Step 5: have a garage sale
    Step 6: wait a couple months
    Step 7: BOOM money

  • I don't have a car, don't smoke or drink, there really is very little wiggle room for change. I have one emergency credit card which is empty. Relocating… Just tried to sell my flat and all it has done the last few months s cost me and cause untold stress so I'm taking it off the market. I don't have a landline and have no subscriptions. I have a super cheap gym membership and use it all the time. My mobile costs 10 quid a month. I never buy clothes etc.. I'm not sure what else I can do..

  • I've been sick for a month and half, couldn't go out. Never been this rich (of course i've been sick in France where we don't pay for medical cares)

  • I do not spend a lot of money on apt decorations I buy at yard sale and crystal from thrift shops when stores are going out of business I wait until near the closing days and get 50 to ,70% off new items on closing sales. When I pay cash for furniture I will get a discount and pay no interest money still talks I can save a few hundred dollars.

  • one way is know the difference between need and want also having to many stupid friends can be very expensive.

  • I looked into the apps that round your purchases up to the dollar and transfer it into your savings account. Thought it was a good idea, but as I started to complete the information it said that there is a charge $1.50 on the weekly transfer so I decided to do this myself with no charge ๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚

  • Good advice. Thank you..i walk and leave my car at home to save money. I also am going to do a few things I learned from your video.

  • Not having a car; I want to get rid of "mine"; unfortunately, I do not legally own it…the title is in someone else's name.

  • This is actually a good video on saving money .

    I have seen so many videos that try to bait people to watch them by saying you can save X amount of money but give ether advice that only applies to rich people or vary soft advice that only covers stuff super wastful people can use .

    \\\\\\\\\\\\\\\\

    I'm so close to 100 Subscribers .
    I really want a hundred Subscribers .
    Can anyone help me .

  • Some of the ways I save money is 1) Collect any lose change around the house.
    2)Cut back on buying expensive cleaning products and go natural cleaning
    Stop buying the News paper every day and get your local news on line.
    Stop buying a new out fit every time you have to go out .Try your best to pick something you already have.
    Have fun saving money every week.When you see your savings account grow you will get hooked on those big numbers.๐Ÿ˜โ˜บ๏ธ๐Ÿ˜Š That is just some of the ways I save money and my savings account is a beautiful picture

  • My personal tips:
    Whenever you want something, ask yourself is this worth, think of what else you can buy with your saved money.
    Remember, each cent counts.
    Write a list of what you want in the future, what your goals are and how much money to get there, put it in your pocket and whenever you want (not need, want) something, look at it and remind yourself that you can't get anywhere spending that money.
    If you really want something, and you think its worth it, (not a 1 time use thing) get it! as long as it isn't half your savings or anything dramatic.

  • I shop online at Walmart now and use the pickup. This way I donโ€™t wonder the store picking up stuff that suppose to be on sale. Staying out of the store does help.

  • Buy a $10 coffee maker and brew your own. Keurig (in my opinion is a waste of money and the pods make weak coffee). Starbucks doesnโ€™t taste any better than ground coffee at the grocery store.

  • Just simply don't spend your money nothing more to it and if you cant avoid spending and your not getting paid as much then get another job or a better job that provides more income ๐Ÿ’ฐ๐Ÿ‘Œ๐Ÿพ

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