I know none of us feels like we’re above saving money, but there are so many money saving tips that a lot of people simply don’t have time for. Skip the long surveys and penny pinching and follow these 9 tips to automatically start saving money, the lazy way.
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1. Always Read Reviews
If you’re not reading reviews, then you’re probably wasting a lot of money (and time) by not purchasing the highest quality item you can afford.
We all need to make some purchases at some point in our life. Big or small, you need to be paying attention.
Another awesome way to save money is to leave reviews. There are plenty of stores that reward you for leaving a review on their website, Yelp, TripAdvisor, etc. Blogging a lot of times turns into reviews, which is why influencers exist in the first place.
In true Lazy Girl fashion, I aim to help you save time and money later on by asking you to put in just a little time up front.
Read reviews carefully. Don’t only read the 5-star reviews. See what the 1 and 2-star reviews have to say because there is a very real possibility that you will experience what that customer experienced. Also, a lot of times, 5-star review are fake.
Check the time stamps and see if a bunch of one sentence, 5-star reviews were made around the same time. Those tend to be fake reviews and any company that relies on fake reviews will not be good for you.
A lot of times, people will recommend what they use instead in their reviews, which gives you more reputable options to choose from.
2. Check Price By Weight When Buying Bulk
My boyfriend actually taught me this one. I didn’t want to believe it at first, but it actually does make a difference.
You’ve probably been trained to think that buying in bulk is always better, but a lot of times it’s actually not. One simple way to check for this it to check the price by weight.
For example, if you’re looking to buy something in bulk, and you’re presented with a 24 oz option and a 32 oz option, you may automatically think the 32 oz option is a better value. This isn’t actually always the case.
Let’s take a look at this example:
24 oz of cleaner from Store A is $2.09, which is $0.087 per ounce
32 oz of cleaner from Store B is $2.99, which is $0.093 per ounce
It’s only a few cents different, but it just goes to show that more is not always cheaper. You’re better off buying two of the 24 oz cleaner, getting almost double the amount, AND end up paying less overall. Stay woke.
3. Wait For A Welcome Email When Online Shopping
If you’ve ever purchased anything online ever (outside of Amazon perhaps) you’re aware that companies love to send you discount codes through your email.
I love discovering new websites to purchase things from, and especially with my recent move, I’ve made some furniture and decoration purchases.
Related Post: How To Save Money On Your Cross Country Move
If it’s your first time at the shop and you know you want to purchase something, give your email when prompted. First time visitors will usually receive a popup that prompts them to sign up for their newsletter.
You’ll almost always receive an email with a “first purchase” discount. From my experience, most welcome codes are “WELCOME10”, which means that you can probably reliably use that same code on multiple shopping sites without even needing to wait for an email.
Sometimes companies will even go the extra mile to make sure that you purchase something. Life happens and sometimes I’ll leave something in my cart for too long. I’ll receive an email with an even bigger discount urging me to complete my purchase. This could earn you savings of up to 30% off if you simply wait.
This tip is invaluable when you need to make a last-minute purchase during the shopping off season. Speaking of shopping seasons…
4. When Signing Up For Rewards Programs, Enter A December Birthday
I picked up on this tip in high school and have been using it ever since.
Companies love to give you freebies when it’s your birthday month, so why not really take advantage of that? My birthday is in February and while I will always be #TeamAquarius, I enter my birthday as being in the middle of December for money saving purposes.
Think about it like this: Everything is already heavily discounted for the holidays, so coupon codes that offer more than 10% off are pretty rare. Birthday gifts/discount codes tend to be more substantial because they’re unique and can only be used once a year.
You can compound the sales and your discount when you buy gifts for the holidays, which further saves you money.
Plus, if the program gives you a free gift and you don’t like it, you can always regift it. 💁🏾♀️
5. Unsubscribe From Company Mailing Lists (That Have No Place)
I know the last 2 tips relied on companies having your email but letting them have it for too long can be a bad thing.
If you check your email frequently, or even so much as venture into the “Promotions” tab for whatever reason, it can be easy to get distracted by a sale. And let’s face it, 9 times out of 10 you really don’t need to be purchasing whatever is in that sale.
I’m not saying to remove yourself from every email list (especially not mine, unless not living your best life the lazy way isn’t what you’re into), but those that you find yourself spending way too much money on, with or without coupons.
I briefly touched on this in my 30 Day Mental Health Cleanse because removing yourself from these kinds of lists actually feels kind of freeing. Not seeing your emails climb up mostly from promotions and sales makes me feel at peace, at least.
Related Post: 30 Day Mental Health Cleanse
If you’re done buying furniture, for example, remove yourself from those lists. Moved and can no longer visit the local stores you signed up for? Remove yourself. Graduated and clearly have no more need for university apparel? You guessed it. Remove yourself.
6. Hold Onto Your Receipts
Raise your hand if you constantly throw away your receipts. Receipts are more than just a piece of paper with a proof of transaction. A lot of times they contain ways to get you free stuff from the places that you already frequent.
I’m talking free drinks, entire meals, gas points, and even coupons.
A lot of times there will be simple instructions for how to redeem your freebies that also benefits the employee that served you. Taking a simple survey and rating their service could really make a difference for them. In return, you get coupons to use when you inevitably come back. It’s a win-win situation.
Plus, there’s another reason why you want to stay up to date with your purchases…
7. Check Your Bank Statements Regularly
Look, I know, checking your bank account as an adult is the equivalent of checking your grades when you were a kid. There’s a certain type of anxiety that is attached to seeing how much money you’ve blown recently.
To prevent your bank account from further dwindling, you need to check it often.
It happened to me. I noticed that a huge chunk of money came out of my bank account one day. The purchase description didn’t make sense to me, so I had to use Google to pinpoint the company.
Back when I was living in Pennsylvania, someone had somehow used my information to purchase $1,000 worth of books from a website that I had never used before in my life.
I called my bank immediately and opened a claim so that they could investigate it. A month later, they refunded me my money and I got a new card to use to prevent that from happening again. Easy peasy.
8. Learn How To Read A Scam
It makes my blood boil when innocent people get scammed, especially if the scammer poses as something else.
If you don’t know how to read a scam, I’ll give you some tips:
– Never give your password away to anyone ever. Reputable companies will never ask you to send it through phone, email, DMs, etc. because they already have it. They’ll find other ways to prove that you’re you, usually through your phone or security questions.
– Government agencies will NEVER call you. All of their business is done through official letters via mail. They will not call the cops on you. They will not repossess your property. Simply hang up and report the number.
– Lastly of course, if it appears too good to be true, then it probably is. Refer to the tip about Always Read Reviews.
9. Save Your Extra Money With Wealthfront
If you’ve sort of gotten this #adulting thing down, then you are already well aware that you need to be saving your money, and hopefully you’ve started to make enough to start saving.
Saving money is more than just setting it aside for a rainy day. If you’re as young as I am (which isn’t young according to some of you kiddos), you stand to greatly benefit from saving money by the time you reach retirement.
Let’s talk interest rates for a second. Whenever you open a saving’s account and store money it it, you earn a (usually) fixed interest rate percentage. This is extra money earned on top of what you saved just for simply saving your money.
The problem is, bank interest rates tend to be fixed and hover at around 1.5-2% and usually pay out the full amount after a year.
With all of that said, I know too many people that simply don’t have a savings account in the first place.
Last year I started investing my savings with Wealthfront and have been loving it ever since. If you’ve ever been interested in seeing the types of long term returns you’d get from investing in stocks, but have little idea of how it works, I highly recommend Wealthfront.
Wealthfront is a robo-advisor that does all of the things a financial planner and stock broker does, but for much less.
It does it all. You specify your risk level and the amount of money you would like to allocate, and it distributes it for you. It automatically redistributes your money when stocks are up or down, and even finds ways to help you save on your taxes.
Plus, the return rate usually hovers around 4% and can be much more depending on your risk tolerance. I’m up in both of my accounts and understand that with long term investing, I will almost always stay up by the time I’m ready to retire.
The best part? You can get up to $15,000 managed completely for free by using my link. I’ve surpassed the cap at this point, but do you want to know how much I spend a month on this service?
Remember, you only get $10,000 managed for free without my code, so gift yourself an extra $5,000 on me.
There you have it, everyone! I hope that you implement at least one of these tips. I know that I can be better with some of these as well. Let me know which tip is your favorite in the comments!