When most people think of saving money, they think of skipping meals out, holding off on buying new clothes, and other methods that may involve a feeling of deprivation. However, there are other ways that you can save money that you may not immediately think of.
1. Save money by maintaining. One of the best ways to save money is by maintaining what you have. Yes, you’ll need to spend money to maintain things, but the money you spend will save you money in the long run. For instance, taking your car in to have the oil changed every 3 months or 3,000 miles will cost you, but you’ll avoid the costly car repairs you’d have to pay for if you didn’t maintain your vehicle.
2. Save money by repairing. We’re a throw-away society. Something breaks, we think, just throw it away and buy a new one. However, if you spend the money to repair a quality item, you’ll save money in the long run. This principle can apply from your oven to your high heel shoes. For more on oven repairs, visit Repair and Protect, and for shoe repair, any shoe repair shop can quickly and inexpensively fix your shoes. Look at all of the things you own, and the next time something breaks, challenge yourself to try to fix it first before resorting to buying a replacement.
3. Save money by buying used. When you do need to buy something to replace a worn out item, there’s no reason to buy brand new. Often you can find what you need used, and you’ll likely save 50% or more off the retail price. This can apply to your car, clothes, furniture, appliances, the list goes on and on.
4. Put out the word and get something for free. If you need something, put out the word to family and friends. They may happily want to get rid of the very thing you need. For instance, if your television dies, perhaps you put out the word that you need a television, and get a free one from a friend who has to buy the latest model every few years. Getting something for free is the best way to save.
Yes, cutting your monthly expenses can help you save money. But maintaining and repairing what you already have can also help you save a substantial amount. When the item can no longer be repaired, make sure to buy used or put out the word to family and friends to get the item for free.