{ "media_type": "text", "post_content": "Now more than ever need to cost conscious. What are your most useful money saving hacks / trips?", "post_id": "5e7a1946c98c5a002f411380", "reply_count": 117, "vote_count": 14, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
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Now more than ever need to cost conscious. What are your most useful money saving hacks / trips?

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Over the last 4 months my husband & I have curbed our expenses by $2500/month in an effort to double down in debt payoff. Here are a few things we’re doing:

Faithful YNAB users - we reconcile every week & every dollar has a job
We refinanced our house at a lower rate
We cut cable & replaced it with a lower cost service (Hulu+ for us)
Going out is an actual treat - it’s rare. We get creative with what we have at home & splurge on nice ingredients when we’re feeling the itch to go out (buying the nicest steaks at our butcher is still less expensive than eating out)
We dramatically reduced memberships: wine clubs, subscriptions, etc.
We started buying stuff on eBay. Example - we needed to replace just the monitor for our daughter’s baby monitor. She’s almost done with it, so we don’t need a new one. We found a used one on eBay for 30% of the price.

We also started phrasing things differently, because words are important. It’s not that we can’t afford it, it’s that it’s not a priority right now.

This started way before COVID. I’m grateful we made these changes, and feel less anxious about the economy because of it.

likesmarthelpful

Great job! I hope that you inspire others on here. I see so many young people (not as many older because I don't have friends in that age group) living paycheck to paycheck and complain...when in reality they're going out every week, buying new clothes, have 10 memberships etc. Just a ridiculous amount of things that they do.

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Learning to be a minimalist. My grandparents, parents, and I grew up with nothing so we always felt bad throwing things away. That and combined with a “oh wow, suddenly I have money” mentality meant that I was constantly buying stuff I didn’t need and turning into a borderline hoarder. My grandparents and parents are the same way. When this COVID-19 thing hit, guess who had hundreds of rolls of TP? My grandpa who probably had TP he bought 20 years ago.

I started listing some stuff on Poshmark and made money instead of spending money. I like the fact that I’m dealing with this compulsion because I look at my grandparent and my parents and I can’t imagine feeling so attached to stuff. So now when I shop, I only buy colors in my color palate (I did a color consultation) and items that match 25% of what I already own. I also do a price per wear analysis and won’t buy anything that won’t have a PPW under $2. So if I like a pair of boots that’s $400, I have to wear them 200 times. It saves me a ton of money.

likesmart

I have a lot of stuff I need to list on posh mark! I just haven’t gotten around but maybe this is the time

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I get medium lemons and then at self checkout say they are actually SMALL lemons

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I buy red peppers and ring them in as green peppers 😂

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Fly business instead of first. It hurt initially, but you get use to it.

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I got bumped to 1st once on a trip to Hawaii from LA, on points. Maybe I got lucky; 1/2 full plane

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Here’s a couple from me:
1. My SO and I share a car (this was HUGE!) saves me like $400/mo
2. Costco membership(duh)
3. Check ur practice HR if U have monthly gym fees covered (mine covers up to $75)
4. Don’t buy water - get a brita filter and a reusable bottle
5. If you ever want to buy something, wait a week and see if you still want it then

likesmarthelpful

I have a built in Aquasana filter and saves soooomuch, I still get distilled for the coffee maker and humidifier but it’s a fraction of the wuantity

You need to think bigger. I buy champagne and weight it as loose potatoes. Saves a fortune. 🥔🍾

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Being thrift even when times are good so you don’t have to readjust.

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As a naturally thrifty person I have to say 🙄 this is unhelpful

likesmartfunny

Mentally re-approve all recurring expenses. Hulu, Disney+, Spotify, - you may be able to trim off hundreds of dollars per year via these things.

likesmart

I trimmed $145 a month doing this last week.

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I pay myself first and automate savings

In other words, have part of my direct deposit split into a separate account for savings/investments, so it never hits my checking account

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I have the same thing, puts $1000 away into a savings account at 1.7% interest that I can’t touch

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Set calendar reminders for a month before any subscription or service (tv, internet, cellphone,credit card annual fees, etc) promotion is up and call to renegotiate. You have to talk to the retention people, but don't ask to cancel (they could just say ok and hang up and you're screwed). "Find out about canceling" I'm am always shocked at how much people pay for internet and TV and complain at the cost, but never call to negotiate. I have never paid more than $50 a month for internet and they keep upgrading the speed automatically (now at 500 mb tier)

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Do this too

Dont use toilet paper at home. Use bidets. Hygienic and saves a small amount every month.

likesmartfunny

A little water on your butt after a wash. Just shake a bit and it goes away. Rest of it your underwear takes care of. Its all good.

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I’ve deleted all shopping apps from my phone

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Learn to cook properly.

Stop buying things to impress other people.

Stop buying status items that you don’t really like yourself.

Share with others (e.g. “here, read this book” not “you should buy this book”)

Appreciate that running outdoors is free vs. 100 bucks per week at a gym.

Your sneaker collection isn’t that important.

Drink less.

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love sharing books with people, but half the time, they never give it back.

also, its a pain to do with kindle books (which I tend to purchase)

OP: I love you for this post 🤗
I have had the same thoughts throughout the day.

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I cut my Starbucks fancy drinks - I only go once a week and now not at all thx Corona. I Cut off Spotify, I take prepped meals at least three times a week, less shopping

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So true!!

Don't throw away leftovers. Est what you cook or buy before you make or buy more

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Here are some things to follow:

1. Put about 10-20% of you paycheck towards savings.
2. Cut out any entertainment service that you don’t use regularly. I spend my time on Spotify and YouTube.
3. Meal prep with a purpose. You don’t have to start all healthy. I do spaghetti, stews, and soups. Lasts a long time. Always shop your pantry first.
4. Stop yourself from purchasing online orders. Keep things in your cart for a week or so, then reevaluate.

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Lol quite possibly! But Lowkey, I’m just trying to retire early.

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I found it I’m always reinvesting my money in the market or other types of investments I’m forced to cut back spending on other things. I have an issue with wasteful spending too often so this tip helps me.

likesmart

Don’t live in a boujee ass high rise and cook your own food.

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Eat at home instead of restaurants. Workout at home instead of gym. Make your own coffee at home instead of coffee shops. Cut your own hair at home. Watch movies or TV at home instead of going to theaters. Only use your car to buy groceries. Stop entertaining friends.

Oh wait.

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@D5 I totally agree. Life is short. Enjoy it.

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