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.
Itโs going to be tough to save so much, but itโs absolutely possible. In fact, if youโre disciplined enough you can turn your entire life around. The trick is knowing how itโs done. Weโre going to focus on a few good ways you can start doing it today.
1. Switch to the Cheapest Plans
I know you donโt 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. Letโs imagine you lived in Australia.
Theyโre 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 wouldnโt go higher than the basic plan.
2. Turning Rooms into Revenue Streams
If a room is sitting empty in your home itโs costing you money. Obviously the bathroom and kitchen donโt 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 theyโre desperate for money. If you donโt feel comfortable doing it buy a smaller home. Itโs 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? Youโll 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 youโre happy with.
We never do this no matter how much companies are charging us. Itโs guaranteed youโll be able to negotiate better deals with most of them. Their profit margins are so high they wonโt want to lose you to the competition.
4. Earning Money from Your Driveway
We mentioned it when talking about bedrooms, but weโll say it again. If something isnโt saving you money, itโs wasting you money. Do you even know itโs possible to make good money renting out your driveway?
Youโll 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 arenโt 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 wonโt be a problem. Shop at specific times and you can drive your bills down even more.
6. Hobbies Shouldnโt Cost You Anything
Play golf and you wonโt just need to buy clubs. Youโll 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 weโve 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 wonโt drain your bank account every month.
Itโs Going to Be Easier Than You Think
If you have your mind set on something itโs easier to reach your goal than you think. Nothing weโve covered today will cause you great difficulties. But, you will have to make sacrifices to accomplish anything.