Finance/Investing, Home, Repairs, Travel

Knowhow: 39 smart tips for saving money easily and fast

tips for saving money (1)

Outlines the smart and easy tips for saving money without having to deny yourself the pleasures of everyday life.

It’s only the middle of the month and your account is empty again? The money is just trickling through your fingers? You would like to have more money available for the finer things in life – and invest more too. With lots of little tips and tricks, combined intelligently, you will be able to save more money in everyday life without sacrificing anything. We’ll show you the tips for saving money and how to save money on necessities.

Whether in the household or when shopping for weekly groceries, when doing a hobby or traveling, when driving or shopping – saving tips are hidden everywhere. Often several hundred dollars can be saved per year, sometimes even per month, if you know how to save money. And you can do that without having to forego the things that are important to you and that give you pleasure.

Tips for saving money in every area of life

We have compiled the most important tips and tricks for you for how to save money fast in everyday life. So you have more money in your account month after month, you can create a comfortable financial buffer, and even build up assets.

The most important saving tip: keep a budget book

One of the most important tips for saving money right from the start: consistently write down all the expenses that you make every month. This also includes spontaneous coffee during the lunch break, the sweet pastries from the bakery on the way to meeting friends or the evening in good company where you forget all your savings plans.

You can see where your money is going and identify potential savings if you relentlessly look at all of your expenses. Often three to six months are enough to identify where you are overspending and how you can save money.

Tips for saving money in the household

With many small adjustments you can save money in the household permanently. Some of these tips go unnoticed, others quickly become a habit in everyday life. But all of them have a positive effect on the wallet.

  1. Use LED instead of halogen

Among the light sources available today, there is one that saves money: the light-emitting diode (LED). It is a little more expensive to buy than energy-saving lamps or halogen bulbs, but it also lasts longer and is bright at the push of a button. now abolished lightbulb.

  1. Compare providers

Electricity and gas contracts can save up to $700 a year. So one of the smartest tips for saving money is to compare the offers regularly. Comparison portals on the Internet show you the cheapest provider for your region and needs and at the same time help you to switch. On the other hand, you should turn down contract offers on the phone – especially if you have not asked for calls and the caller appears dubious.

  1. Choose a kettle instead of a stove

Always heat water in the kettle. That saves time and energy. Investigations by Stiftung Warentest have shown that heating one and a half liters of water in a kettle costs around 4 cents, compared to 9 cents on an electric stove. If you don’t have a kettle, always use a pot lid. This means that less heat and water escape, but food also heats up faster.

  1. Unmask power guzzlers

Power measuring devices, clamped between the socket and the consumer, help you to identify power guzzlers as one of the easiest tips for saving money. Gradually, you can replace these with more energy-efficient devices. This saves you money on power bills every month — and protects the environment.

  1. Switch off the electric stove

If you cook with an electric stove, use the residual heat towards the end of the food preparation. Because the hotplates still radiate heat about 20 minutes after they have been switched off. Take advantage of this heat and switch off the hotplate earlier.

  1. Fridge-freezers are more economical

Get a combined device instead of separate fridges and freezers. These are usually more economical because, in contrast to two individual devices, you only need one motor. Also important: close the appliance door immediately after removing the food.

  1. Save with the dishwasher

Dishwashers not only save time, they also save money. In contrast to washing dishes by hand, dishwashers use less electricity and water for the same amount of dishes. But this only applies if they are fully loaded.

  1. Wash laundry colder

The washing machine also offers potential as one of the easiest tips for saving money — especially if only 40 degrees are set instead of 60 or 90. Because the machines draw cold water and heat it while washing. For example, washing programs with a temperature of 60 degrees use around 40% more electricity than 40-degree programs so washing in colder water is a great way to save money on laundry.

  1. Intermittent instead of continuous ventilation

Ventilation is essential for a pleasant room climate. But the windows should not be open permanently. It is better to open all windows for 5 to 10 minutes and ventilate the whole apartment. That saves heating costs.

  1. Heat less

If you want to save even more on heating, you can also turn the thermostat down a little. 21 degrees room temperature are sufficient. If you shiver, put on a sweater. However, it is important: never turn off the heating completely in winter, otherwise the rooms will cool down, and if you want to warm them up again, you need more energy. And please do not place any furniture directly in front of the radiator. Because they catch the heat.

  1. Switch off the devices

Sure, standby is convenient and practical. The TV and stereo system are switched on with just one push of a button. But the stand-by mode is a real power hog in everyday life. Because the devices constantly consume energy. In the average three-person household, stand-by mode accounts for around 10 to 20% of the electricity bill. Simply switching off all devices can save up to 400 kWh.

  1. Use DIY portals

The vacuum cleaner sputters and the dishwasher no longer cleans properly? Instead of hiring the craftsman straight away, you can solve many household problems yourself with simple tricks. Our site, YouTube, and other do-it-yourself portals show you where the most common sources of problems are and how you can easily fix them yourself.

How to save money on groceries and shopping

Not only at home, but also when shopping, when it comes to how to save money groceries allow a lot of money to be saved with simple means. Because bargains and special offers lurk everywhere. You do not have to do without certain foods. But it’s worth keeping your eyes open.

  1. Those who shop hungry buy more

The day was stressful, there was no time for the lunch break. Now jump to the supermarket on an empty stomach to get some food for dinner. But all the goodies laugh at you – so do you boldly eat them? Never go shopping hungry! Because then you quickly fall for the lure of the store and buy more things than you actually need. In the worst case scenario, you will not even eat these foods, but have to throw them away.

  1. Write yourself a shopping list

Before you go shopping, check your groceries in the fridge and pantry and make a shopping list. It helps you stay consistent in the supermarket and really only buy the groceries you need. How to spend less money.

  1. Compare prices

Are large packs cheaper than small ones? That was once. The manufacturers have also recognized that consumers often pick up large packages without really doing the math. Don’t fall for the trick with the supposed economy pack! You don’t even have to pull out the calculator. Supermarkets always have to indicate a unit price for food and hygiene articles – i.e. the price per liter, piece, 100 grams or laundry load. Look at the fine print on the shelf.

  1. Take advantage of special offers

Dishwashing capsules, shower gel or groceries from local farmers are often available on special offers. You can buy cheap groceries that are in season and can therefore be offered in abundance. Access it here and adjust your diet to regional and seasonal. But be careful, the same applies here: It is essential to compare and recalculate prices! And only buy the foods you really eat!

  1. Compare while shopping

Whether the new, super cool jeans or the Bluetooth box – compare the prices with the online offers, even if you are already in the store. You don’t even have to buy the object of desire online and pay shipping costs. Talk to the seller and show him the online offer. Many dealers grant appropriate discounts. So dare – but be friendly.

  1. Observe the 10-minute / 30-day rule

Before every issue, ask yourself: Do I really need this? Even if you spontaneously tend to say a big yes, think carefully! The 10-minute / 30-day rule helps:

  • For smaller, spontaneous wishes, think for ten minutes whether you really want these things. It often helps to get out of the store and take a walk through the passage or around the block.
  • For larger investments, take 30 days to think about the object of your desire. If you still want to have it, treat yourself to it and enjoy it. However, it often happens that during this brooding period you realize that these things are not that important after all.

How to save money on car costs

It starts with a pleased aaah and ends with a horrified oooh when you count the cost – the car. Because often the costs for the car are higher than previously estimated. But there are also some savings tips when it comes to cars and transport.

  1. Check your insurance – every year

You have chosen the cheapest car insurance – are you sure of that? Really? Conditions change. And auto insurers mostly prefer new customers. Often the premiums get more expensive from year to year or do not decrease as much as they should. Therefore: Compare the offers – every year in autumn. Because switching from liability and comprehensive insurance can save several hundred euros a year. Comparison portals on the Internet can help here.

  1. Refuel at the lowest part of the price cycle

There are several apps and websites that keep an eye on fuel prices and can tell you what it is at nearby sellers — and when the price has dropped. If you want to know exactly where to get the cheapest fuel, use a price comparison app. But don’t take big detours! A price difference of one cent justifies a detour of a maximum of one kilometer.

  1. Check the air filter and tire pressure

If the tire pressure is too low, you will use up to 10% more fuel. You should therefore check the pressure regularly and adjust it if necessary. A clogged air filter can also increase fuel consumption by up to 7%. So clean it regularly and replace it sooner rather than later.

  1. Get around with public transport and bicycles

You don’t have to take the car for every route. Instead, use local public transport in everyday life in the big city. That saves fuel – and often also saves nerves and parking fees. Bicycles are ideal for going shopping in the neighborhood or small town. So you not only get from A to B quickly and flexibly. You also do something for your fitness.

Tips for how to save money: hobbies and leisure

Do you want to have fun and pursue a hobby? No problem. With our savings tips, you not only have more money every month for the finer things in life. You can also save a lot of money.

  1. Do sports at home or in the park

Sure, regular exercise is important. But you don’t necessarily need the expensive gym membership for that. Sneakers are usually sufficient. Go jogging or exercising at home. How-to videos can be found on YouTube. And instead of dumbbells, use full water bottles. Do you need company while exercising, find a training partner or join a sports group that meets for regular workouts in the park.

  1. Private flea market brings space and money

Do you love to shop, but your wallet is empty and your wardrobe is all the more full? Clean up and run a private flea market where you sell things you no longer need to friends and acquaintances. You can also sell your junk and many products and clothes on classifieds and second-hand portals on the Internet.

  1. Compare your mobile phone contract

Do you really need 15 GB every month? Check it! If you regularly consume less, switch to a cheaper tariff the next time you renew your contract. You should check your cell phone tariff every other year anyway. Cheaper offers are often only available on request or for new customers. And the best thing to do is to buy the new cell phone individually online or in the electronics store. Because together with a contract, smartphones and the like are often significantly more expensive.

  1. Take advantage of the cinema specials day

Do you love to see films on the big screen? Then treat yourself to a visit to the cinema. But remember: cinema tickets are cheaper during the week than at the weekend. And in many cinemas there is also the cinema day with particularly low ticket prices.

  1. Invite friends to your home

A meal in an exquisite restaurant is great – but also expensive. Instead, invite friends over to your home once a month and prepare the festive menu yourself. That saves money and is also fun.

  1. Fix things

Clothes or electronic devices break quickly and have to be replaced for a lot of money. It doesn’t have to be. Learn to fix things. A sewing course or DIY videos will help. This will save you money, acquire new skills – and in the end you will get satisfaction because you have cheated the industry.

Tips on how to save money on vacation and travelling

Get to know new countries, relax and just let your mind wander – with our savings tips for vacation and travel this is no problem.

  1. Take advantage of early bird discounts and last minute offers

Do you want to travel cheaply? Then book early. Most travel providers still offer juicy early bird discounts. But even if you spontaneously need a break, you can save. Last-minute offers, booked one to two days before departure, are often unbeatable.

  1. Put your trip together yourself

Sure, the travel agency offers great trips and also puts together the travel package, consisting of flight, hotel and excursions. But this service costs. It is cheaper if you put your trip together on your own. Travel blogs and guides on the Internet show you the best spots for great experiences. You can find cheap flights and hotels via comparison portals.

  1. Travel in the off-season

If you do not have school-age children, travel in the off-season. This not only saves money every year. The holiday regions are also less crowded. And you spare your nerves fighting for the best vacation days with colleagues who have children.

How to save money tips – for saving money at the bank

If you have already saved a lot, your savings naturally belong in the bank and not under your pillow. But also when choosing a bank: keep your eyes open. The offers of the credit institutions differ enormously in some cases. Therefore compare prices, interest and fees!

  1. Use a free checking account.

Most banks charge an account management fee per month for transactions. However, there are a few free checking accounts that you can use. So pay attention to the general conditions of the offer and make a good comparison.

  1. Replace loans at low cost.

Before you take out an overdraft facility with mostly expensive interest rates to pay off old debts, it makes more sense to apply for a rescheduling loan . In addition, you have the option of paying off existing liabilities with an installment loan with often much more favorable conditions. But be careful: not every loan can be rescheduled. Let your bank advisor help you with this.

  1. Pay attention to the fees for the savings plan.

Often, fees are also incurred when investing. ETF savings plans and share purchases cost. Nevertheless, there are some online variants that do not incur any fees. In the first step, choose an online depot with free depot management. Then compare the savings plans to find the most suitable investment option for you.

How to save money for a house

With these saving tips, you can get into your own home for less money. Your own four walls are the biggest and most important acquisition in life. But savings potential is hidden, especially when buying and financing a home. We’ll show you which tips can really save you money.

  1. Do without the broker

A real estate agent costs up to 7.14% of the purchase price. Money to save by setting out on your own for the perfect home. So look for real estate offers without brokerage.

  1. Strike at a foreclosure auction

Emergency sales hold great potential for savings. Because in an emergency, the current owners have to sell the house or apartment quickly because they need the capital immediately. That is why you often offer properties well below current market values. It is also worth taking a look at the foreclosures. Here too, properties are offered well below market value.

  1. Negotiate!

Skillful negotiation is allowed when buying real estate – and is usually crowned with success. That is why you look for reasons for price reductions when you visit, but without complaining too much. Show interest, but keep it in check. And always: Be determined, but stay friendly.

  1. Compare loan offers

Few of us can pay the purchase price for a house or condominium from the postage. Real estate financing is usually required. The interest rate and financing fee differ significantly from bank to bank. If you are looking for the perfect loan and compare the offers, you will save money – month after month.

Don’t forget: Live!

All of these tips and tricks will help you save money month after month. Many will be easy for you to find; others will require a little more discipline. However, you will see the successes in your wallet in the first year. But with all the savings, don’t forget one thing: Enjoy your life! Because the fullest savings account is of no use if you suppress every need for it, no matter how small, and forego any fun.