Everyone would like to save a little extra money per month. What if you wanted to take things to the extreme? For example, you might want to clear all your debt within a few years. You would probably need to save every last penny you could.
It’s going to be tough to save so much, but it’s absolutely possible. In fact, if you’re disciplined enough you can turn your entire life around. The trick is knowing how it’s done. We’re going to focus on a few good ways you can start doing it today.
1. Switch to the Cheapest Plans
I know you don’t want to sit in your living room reading library books at night, but there needs to be some middle ground. The solution is switching to the cheapest plans. Let’s imagine you lived in Australia.
They’re revolutionizing the way everyone stays connected. Out of all the NBN plans opt for the least expensive one. If you use Netflix to watch movies you wouldn’t go higher than the basic plan.
2. Turning Rooms into Revenue Streams
If a room is sitting empty in your home it’s costing you money. Obviously the bathroom and kitchen don’t count. Bedrooms, on the other hand, are a completely different story. Under no circumstances must they be unoccupied.
These days everyone with empty bedrooms should be renting them out if they’re desperate for money. If you don’t feel comfortable doing it buy a smaller home. It’s actually relatively easy to find a wonderful tenant.
3. Try to Negotiate With Everyone
Have you ever found yourself haggling for items in an Istanbul market? You’ll know the price they initially offer you is much higher than normal. You have to go back and forth with them until you get a price you’re happy with.
We never do this no matter how much companies are charging us. It’s guaranteed you’ll be able to negotiate better deals with most of them. Their profit margins are so high they won’t want to lose you to the competition.
4. Earning Money from Your Driveway
We mentioned it when talking about bedrooms, but we’ll say it again. If something isn’t saving you money, it’s wasting you money. Do you even know it’s possible to make good money renting out your driveway?
You’ll usually have to live in a city, close to a train station, or near a small industrial park. A worker will want somewhere to leave their car without wasting time looking for a space on a constant basis.
5. Planning out Your Weekly Meals
Foodies aren’t going to like the sound of this, but you should eat the exact same meals every week. If you really want to shake things up you can change the days you eat them. The trick is to spend less money in the supermarket.
All the small items we pick up amount to a lot of money over the course of a year. Buy the exact same groceries and that won’t be a problem. Shop at specific times and you can drive your bills down even more.
6. Hobbies Shouldn’t Cost You Anything
Play golf and you won’t just need to buy clubs. You’ll need to pay for your annual course membership too. Snowboarders will need a lift pass unless they want to spend 90 percent of their day climbing up a mountain.
The hobbies we’ve just mentioned are expensive, but there are tons of free ones. Even if you need to buy a piece of equipment they might still be cheap. Stick to those that won’t drain your bank account every month.
It’s Going to Be Easier Than You Think
If you have your mind set on something it’s easier to reach your goal than you think. Nothing we’ve covered today will cause you great difficulties. But, you will have to make sacrifices to accomplish anything.