Saving money isn’t all too hard. You see, it’s a simple matter of dollars and cents.
Want to bolster your finances? It just takes discipline and a little bit of number crunching. Some arithmetic and algebra can go a long way!
Getting rich isn’t easy. But if you stick to the script and make savvy financial moves, you’ll certainly get closer!
On your road to financial wizardry, check out these 50 tricks used by the modern wealthy! No matter your income or savings, these tips will take you far!
1. 24 hours
Some decisions take time. If you sleep on it and still like it, you may have to pull the proverbial trigger. Always think things through. Patience is your friend.
2. Credit cards
Credit card usage comes down to the individual. Due to cashback and other lucrative rewards, using a card for practically every purchase can actually be very beneficial, financially. Some cards offer extra store-specific deals, as well. Remember, pay off your credit card bills quickly and at least in full each statement – you’ll be fine.
Make a budget. Put your finances and spending to paper. Spreadsheet software like Microsoft Excel can be incredibly useful here.
4. Spend money to make money
Make your money work for you. Buy things that will benefit your life financially. The more money you have, the more money you can make. Yay capitalism…
5. Save time
Many recommend investing in things that save time. As they say, your time is your money! Bolstering efficiency can lead to increased future gains.
6. Experiences are invaluble
Experiences can change lives. They can lead to new ideas and fill you with inspiration to do the unthinkable. Live life – it’s worth it.
7. Pay first, play later
Pay those bills so you don’t need to worry about them. It’s not that hard! Everything’s electronic these days, and much of it’s automated. This simple concept can actually make your life a lot easier.
8. Buy on sale
Never forget about Black Friday and the Christmas season. Q4 of the business cycle is usually riddled with absurd offers. Make a note of great sales in your area and online to save a bunch.
9. Passion matters
What do you like? Well, you can invest in those things if you believe in them. Get something with some utility.
10. No spend days
Pick a day or three a week to literally spend nothing. This isn’t always completely viable in some cases but the principle stands. And don’t order out every day.
11. Save change
Coins get too much hate. They carry value just like paper (and now crypto) currency. Save your change to use it later when you’ve amassed a greater volume of change.
12. Repair before tossing
Not everything that’s broken is unsalvagable. Try to fix it! You could learn a thing or two on the way!
Save your leftovers! You can save a lot of money on food that way. Plus, some leftovers are pretty solid and taste almost fresh.
14. Credit card bonuses
Most credit cards come with lucrative bonuses. For instance, for the Chase Freedom Unlimited credit card, they give you $200 if you spend $500 within the first 3 months if approved. Before making a big purchase, consider a new card if your credit is in line.
15. Buy bulk
Buying bulk can save you in the long run. Sometimes, the price per unit is more important than the total price when you know you’re going to use all of it. Plus, buying more can save you time and money traveling to and from the store multiple times.
16. Save, in general
Save your money! Always have enough to get you through a thick time. Storms come and go – just make sure you have enough to survive the storm!
17. 401K, Roth IRA
Investing in the right things can benefit your finances years later. Long-term accounts intended for major payments or retirement can set you up for the twilight years. Think about it.
18. Coupons and discounts
Cashback and coupons can save you a quick buck. Always just to maximize your savings when you can. You can find coupons for tons of items.
19. Profitable hobbies
Profit from your hobbies! If you’re good at something, see if you can make money from it. What’s your passion?
When you have enough money, make it work for you. Remember, never invest what you can’t afford to lose! Do the research before dumping your money somewhere!
Cars depreciate so quickly. Their value sinks the moment it’s taken off the lot. Get an affordable, dependable car. Only go luxury if the price is worth the quality.
22. Sans subscriptions
There are lots of ways to find media on the web. Paying for every subscription service probably isn’t the best idea. And it can burn a hole in your wallet!
Cooking with groceries is generally the most frugal way to eat. Restaurants can get expensive. Plus, you can bolster your cooking skills!
24. Eat healthy
Eating healthy can save you from future medical bills. It sounds ridiculous but you can really save your body and wallet a lot of damage later but just taking care of yourself. Eat healthy!
Modern Amazon has great customer support, good deals, and Prime benefits. Shopping on Amazon can save you tons if done correctly. Shopping local and supporting small businesses is recommended, but occasionally, Amazon will get you just what you need for cheap.
Keep yourself on a routine. Take notes and make sure to stay on the ball. Don’t procrastinate!
This is a little harder to get into, but cryptocurrency – especially Bitcoin – is booming right now. With that said, the markets can be very volatile. The future of crypto is going to be interesting to watch!
28. Minimizing trips
Do you need various items from various stores? Plan a day and go out and get them in one trip, if possible. This will save you time and money on gas.
29. Financial mind
Factoring in time, you could view every moment as an opportunity for profit. Time is your money, as they say (again). If you think finances, savings will come with ease.
30. Think ahead
It sounds simple, but planning ahead is key to maintaining your finances. Think about the future. It’ll be here soon enough.
It’s hard to stay motivated. If you’re not passionate about what you’re doing, how will you become great? Stay happy and be productive. The tricky part is actually doing it.
Stay away from debt, plain and simple. Interest can be killer as you pay things back. Debt can torment the mind.
Network! Networking and building relationships can be the most lucrative thing you ever do. It’s a wonderful way to find amazing opportunities.
Understand the world. Get to know people. A new perspective can bolster your finances forever.
These won’t make you rich, but always take advantage of a friend’s referral when signing up for a new service, app, bank account, or credit card. You’d be surprised by how lucrative some welcome bonuses can be for you and your friends! Get those referrals sent out now!
36. Always learning
The best of the best are always learning. How do you think they became the best? Well, the same is true for finances. Every day, learn a little more and you’ll be a financial wizard in no time!
37. What can you afford to lose?
How much do you have in savings? How long could you make it without a paycheck? How much can you afford to invest or deposit elsewhere? So many questions.
38. What goes around comes around
Giving a gift can be profitable, in the long run. Fostering a mutually beneficial relationship can be advantageous for all parties. Consider kindness.
39. Minimize your life
Is there too much clutter on your desk? It’s time to trim the fat. Keep things simple – you don’t really need all that much to live a fulfilling life.