4 Best Money Saving Tips for 2018 [Plans Explained]

By Ashutosh Jha → Last Updated on Monday, February 12, 2018
These days, we tend to live our lives in a rush and living this way makes it very difficult to think about saving money. Instead of saving, we are always trying to buy the best phone, designer clothes or the latest tv screen on the market. We tend to forget to save some money for the future. And then what do we do? We use our credit cards when we realize how much we have spent and end up in debt.

best money saving tips 2018
However, 2018 has just started and a new year is a great opportunity to make some lifestyle changes. Here are four tips that you might find useful this year to save for that trip you have been dreaming about or simply to have some savings for emergencies.

Have a meal plan and prepare it yourself

A lot of unnecessary money we spend is on eating outside of our homes. It is more common among people that work in an office because the rush of life and the tight schedules make it very hard to find the time to prepare meals at home. Make a bigger effort in this area and you will see your extra spending money continues to increase.

Try finding recipes on Pinterest that use similar ingredients and then plan a week of meals. If you stick to your plan all week, reward yourself with one nice meal out on the weekend.

Watch your energy consumption

Caring about how much electricity you use can represent a big monthly saving. Make sure you disconnect all electrical devices from their outlets; even standby modes generate a little consumption of energy. This little bit of waste each day can add up. Additionally, try to use the light only in the room that you are currently in.

If you find this very hard to do, you can invest a bit of money in presence sensors that switch a light on and off when you enter or leave a room. This may cost you a little at the beginning but it will help you to save a lot of energy.

Prioritize your social life

Depending on how sociable you are, sometimes you can find yourself with multiple events during the week. You have to keep in mind that each event will represent an amount spent on transportation, meals or drinks. This is in addition to the gifts and any other expenses that these occasions sometimes require.

Having better self-control and willpower will allow you to follow through with this money saving idea. Choose only the events that are really important to you or are with people you really care for. This can also help you to follow a healthier lifestyle by drinking and eating less.

Share your transportation

You have many options when it comes to moving from one point to another. The newest way is via rideshare apps. These allow you to share a ride with friends, even if none of you own a vehicle. How is this possible? There are several apps available (think Uber, Lyft, etc.) that give you different options for transportation. You can ride by yourself or share codes with friends that live near you.

You can even earn free rides. Many websites, like www.ridester.com, offer you tutorials on how to do this. Your method of transportation represents an important percentage of your monthly expenses, so caring about it is very important. Have this in mind the next time you decide between riding alone or sharing with a partner.
Ashutosh Jha

Ashutosh Jha is a professional blogger, Blog and IT Consultant. He writes about Blogging, SEO, Making Money, Internet Marketing and Web Design.
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