10 Easy & Creative Ways to Stop Wasting Money This Year
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Check out these ways to stop wasting money in 2022!
New year, new savings!
It doesn’t matter the reason or the season, budgeting and saving money will never go out of style. That’s why Hip2Save is dedicated to bringing you deals, steals, and the best ways to save all year round. We’ve compiled a list of ways to stop wasting money and manage your hard-earned money.
1. Cook more of your meals.
It may be more convenient to order out but not so much on your wallet! Cooking the meals you order may take more time but will likely cut the price in half. Plus, you have the satisfaction of knowing what exactly you’re putting into your body and how to portion it correctly/have leftovers!
2. Try using cash.
Sure, this may be “old-fashion”, but cash can be beneficial to set aside a budget and not exceed it. You can even make cash envelopes for different budgets in your life such as groceries, clothes, and activities with friends.
3. Don’t buy outside your grocery list.
The grocery store is FILLED with temptation everywhere you look, but you need to stick to that list! As simple as it sounds, this will save you so much money that you can use on essentials.
4. Skip your temptation and brew your own coffee.
According to Yahoo, the average woman spends $2,327 on coffee, and the average man spends $1,934 per year on coffee. As much as we love a morning run to Starbucks, it does add up super quickly. Consider brewing your own cup and only buying on special occasions!
Check out 5 of these official Starbucks recipes you can try making at home.
5. Ditch your gym membership.
Yes, actually making a trip to the gym can keep you a bit more honest about your workout rather than heading down to the treadmill in the basement. But think of it this way: If you got rid of your $20 per month membership to your local fitness studio (and you may be paying even more than that!), you’re saving $240 a year, not to mention the time spent driving to and from the gym.
If you’re looking to really outfit your home gym, we have tons of recommendations for the best exercise bikes, best treadmills, and how one of our team members has a tiny gym in her living room! To go the ultra-cheap or free route, check out these ways to work out for free or the latest promo on Get Healthy U TV!
6. Be smarter with travel plans.
When you’re planning any vacation, there are always ways to cut costs. We’ve even outlined some ways to save when booking your vacation for the best deals or getting creative with RV family trip ideas. Either pocket that extra money saved or splurge on other parts of your vacay!
Hip Tip: Are you a Costco member? Check out why we LOVE Costco Travel!
7. Get rid of unnecessary retail email subscriptions.
Out of sight really is out of mind, and retail email subscriptions tend to be a temptation our wallets don’t need. Unless the sale is really good (which is why you should subscribe for emails from Hip2Save 😉), it’s likely going to result in unnecessary purchases.
8. Cancel your cable provider or unused streaming services.
You most likely complain about how much money your cable is taking and how you probably either barely watch it or don’t even have all the channels you like. According to Business Wire, the average American household spends approximately $1,141 annually on cable and internet.
If you’re looking to replace your cable with a TV streaming service and save up to $500 annually, check out these options for aspiring cord-cutters.
9. Turn off and unplug.
Leaving the lights on or your charging plugs in the wall can suck energy you don’t need to pay for. On average, the typical American household spends $100 per year on power devices that aren’t even turned on!
Be mindful when leaving the house or when going to bed of what lights can be turned off, as well as any electronics that don’t need to stay plugged in. In the short term, it may not seem like a huge saver, but over time your wallet will surely take notice.
10. Compare prices when shopping.
If there’s anything to learn from Hip2Save it’s that tons of brands sell the same products for tons of different prices per store! Take the time to research and compare pricing at various online retailers to see which has the same price. From shipping costs to actual price tags, you’ll be surprised at how much you can save with just a little comparison research!
Want to learn more ways to keep some extra cash in your pocket?
Check out our 10-Week Financial Boot Camp! In this series, you’ll receive weekly emails featuring money-saving challenges, helpful tips, and even budget-friendly meal ideas to keep a little more cash in your pocket.
Now that you have ways to stop wasting money, make money from home with these surveys!