You’ve probably heard the term “life hack” a few times before today. The concept has become something of a trending topic in todays digital world, where everyone is searching for quicker and more convenient ways to get things done.
You can find life hacks that tell you how to improve your chances of getting a high-paying job, and hacks for cleaning your home. Today, we’re going to share with you some of our favorite life hacks specifically designed to help you save more money and make more out of the cash you actually have.
Let’s get started.
1. Don’t be Afraid of Loans
A lot of people in the modern world seem to try to avoid lending money at all costs. They think that taking out a personal loan puts them in a position where they’ll never be able to be in control of their finances. However, if you need to buy something and you don’t have enough cash in your current bank account, a loan can be a valuable product.
With a loan, you can spread out the cost of big-ticket items without putting too much strain on your credit cards or overdraft. All you need to do is make sure that you’re choosing the right payday lender for your needs.
2. Switch to Water
One of the most frugal things in any home is your kitchen faucet. You can fill a bottle with water and keep it with you throughout the day, so you never have to buy an expensive drink from your office vending machine or a local café. Not only is using water as your primary beverage of choice a great way to keep costs low, but it can be great for your health too.
Switching to water instead of relying on sugary drinks and juices all the time seriously reduces the amount of dangerous chemicals and fattening substances that you expose yourself to every day. You can even enhance the flavor by getting a filter!
3. Don’t Auto-Renew
We’re living in a world where most of us have so many bills to pay, that it’s difficult to keep track of all of them at once. However, allowing all of your subscriptions to automatically renew at the end of each month or year could be costing you a fortune. Auto renewals increase your chances of ending up with services that you don’t really need.
Additionally, when you pay for things on an auto-renew schedule, you don’t get the option to compare the deals that you can get from other providers and see whether you can get a better offer. Don’t just stick to the same deal because it’s convenient.
4. Start A Carpool
Driving is one of the most convenient ways to get around, whether you’re picking up groceries or going to work. However, it can also be very expensive too. Add up all the costs of car tax, insurance, and of course, fuel, and you end up with a lot of extra money that you need to dish out every month.
One way to keep costs low is to consider starting a carpool with the people who live nearby from work. If you’re all chipping in for fuel, you won’t need to spend nearly as much to keep your car running. You can even ask your friends to join you in reducing costs elsewhere with things like a babysitting Rota, or service swapping, when you wash a friends car in return for them mowing your lawn, or something similar.
5. Make Lists Before you Go to the Store
While there are a lot of things that you might spend money on each week, food is probably one of the biggest issues. We’ve all had moments when we’ve returned home from the grocery store to discover that we’ve accidentally spent a fortune on items that we already had in our cupboards or freezers back home. To reduce your risk of this happening, do a stock check of all the items that you have in your house before you go shopping, so that you know what you actually need.
Checking what you have at home will reduce your chances of buying things that end up getting wasted. At the same time, it could mean that you can plan your meals more conveniently too. For instance, you might be able to make multiple meals with chicken in a single week and save cash on a bulk packet of frozen chicken.