These are my top 10 BEST Frugal Life Hacks to Save as much money as possible – so that way, you have more money left over to invest – Enjoy! Add me on Instagram: GPStephan
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FIRST: TRAVELING FOR FREE USING CREDIT CARD CHURNING POINTS
Credit cards will offer “points” or “sign up bonuses” when you meet a minimum requirement. Those points can be used towards free travel, free hotels, or sometimes PROFIT back in your bank account…therefore, if you know how to do this PROPERLY, you might NEVER have to pay for another vacation, hotel, or plane ticket – EVER AGAIN. Resources: NerdWallet – ThePointsGuy – AskSebby – TheCreditShifu
SECOND: REVERSE IMAGE SEARCH EVERYTHING YOU BUY ONLINE
Most online retailers get their products from the exactly same source, but some charge WAY more money than others just because they have a big name or a fancy website behind them. When you find something you want to click, just right click and “search google for this image.” All of a sudden, every website containing that same image will pop up – and that will allow you to click through and find the same item listed for cheaper somewhere else.
THIRD: DON’T BUY SOMETHING JUST BECAUSE IT’S ON SALE.
You’re not saving money just because it’s discounted – at the end of the day, you’re still spending. Most people wind up focusing MORE on how much they saved rather than how much they spent…when, in reality, focusing on how much you SPEND is what matters the most.
FOURTH: POSTPONE ALL PURCHASES BY 72 HOURS
This one is really just about cutting down on impulse purchases that you make without really thinking about it. If there’s something you want, just wait 72 hours to buy it. After that, if you still want it, AND you’ve found the cheapest place you can get it…then go for it.
FIFTH: ONLY DRINK WATER
Not only is this cheaper for you – but it’s also HEALTHIER for you. There have been SO MANY STUDIES conducted on the health risks of drinking sugary drinks and sodas and how they effect you. Just regular filtered tap water is good enough!
SIXTH: ALWAYS MAKE YOUR OWN COFFEE: https://youtu.be/tvL4FF2lMnw
The average American spends $1100 PER YEAR on coffee..and more than 45% of 18-23 year olds have spent MORE MONEY ON COFFEE than they have on their retirement, and 35% of 24-35 year olds have done the same. I always make coffee at home!
SEVENTH: I ALWAYS BUY GENERIC BRAND ITEMS.
A LOT of big brands source their product from the EXACT same places that supply the more expensive, name brand items. For example, Kirlkand Signature Coffee is roasted at the Starbucks Coffee Company. Kirland batteries are actually made by Duracell.
EIGTH: NEGOTIATE CAR INSURANCE RATES
I’ve personally saved over $100 per month by shopping around car insurance rates, moving from AAA…to Gieco…to Mercury…and now, I’m with Tesla Auto Insurance.
NINTH: EAT DURING HAPPY HOUR
The earlier or later it is, the less busy restaurants are…and, most of them try to fill this empty space by offering a “happy hour” with discounted food. Now, this is a fantastic option for you to capitalize on this and save the money just by finding places with good happy hour menus, and showing up to eat a bit earlier.
TENTH: THINK: WHAT’S THE FUTURE VALUE?
For example, instead of spending $100 on a pair of shoes TODAY…that could be worth $1478 in 35 years if it’s invested at an 8% return. Or, spending $300 per month leasing a car every year could ACTUALLY be worth $723,000 in future money if you just invested it during that same timeframe. When you begin putting things in THAT perspective, you begin to realize that every dollar you spend TODAY is really worth $14 in the future.
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