Everyone has their own unique way of saving money. Some people go to extremes, while others simply make small changes in their everyday lives. Regardless of how much or how little you’re trying to save, there’s certainly no shortage of methods to choose from. Let’s explore some of the more unusual ways other people save money.
1. They Follow Manufacturer’s Recommendations on Maintenance
Many people don’t realize they can save a lot of money by following the manufacturer’s recommendations on maintenance for their car, appliances, etc. This may include things like getting the oil changed every 3,000 miles or having the furnace serviced annually. A well-maintained furnace can last for at least 15 to 20 years, but it can last even longer with annual maintenance and regular repair.
While it may seem like a hassle keeping up with all the different maintenance recommendations, it can save you a lot of money in the long run. This is because well-maintained items are more efficient and have a longer lifespan.
2. They Unplug Appliances When They’re Not in Use
Many people are surprised to learn that even when appliances are turned off, they can still use electricity if they’re plugged into an outlet. This is known as ‘standby power’ or ‘phantom power.’ While the amount of electricity used may be small, it can add up over time, especially if you have multiple appliances.
To save money on your electricity bill, unplug any appliances you’re not using. This includes things like your coffee maker, toaster, television, and computer. If you have appliances that are difficult to unplug, such as a refrigerator or freezer, invest in a power strip so you can easily turn off all the appliances at once.
3. They Opt for Cheaper Services
There are many services that you regularly use, such as cell phone service, internet service, and cable television. Often, you’re paying more for these services than you need to. For example, by replacing your traditional phone line with VoIP, you can save up to 50% on your monthly phone bill.
If you’re looking to save money on your monthly budget, take a close look at the services you’re paying for. Are there any that you can do without? Are there any cheaper alternatives that would meet your needs just as well? By making a few small changes, you could end up saving a significant amount of money each month.
4. They Grow Their Own Food
One of the best ways to save money on food is to grow your own. This may seem like a lot of work, but it doesn’t have to be. If you have a small yard, you can easily grow enough vegetables to supplement your grocery shopping. You can also save money by growing your own herbs and spices.
Not only does growing your own food save you money, but it also gives you the satisfaction of knowing where your food comes from. Plus, you’ll be able to enjoy fresh fruits and vegetables that are much tastier than those you’d find at the grocery store.
5. They Pawn or Sell Unused Items
Did you know that Approximately 30.1% of Americans pawn electronic goods when they need money? If you have any unused or unwanted items around the house, consider pawning or selling them. You can usually get a pretty good price for things like jewelry, electronics, and musical instruments.
Pawn shops aren’t the only place you can sell your unwanted items. There are many online marketplaces, such as eBay and Amazon, where you can list items for sale. You may also be able to find buyers by posting on classifieds websites or social media platforms.
By following some of these unusual tips, you can save a significant amount of money each month. While it may take a little bit of effort to get started, the long-term savings are worth it.