This is a collaborative post.
Long term money saving is what allows you to more confidently build your financial future or plan for retirement. There are probably places in your life where you are spending money unnecessarily and can benefit from some sound thinking and a money-saving mind. Here a just a few simple examples.
Ditch the gym
You don’t need a gym to be fit. Pure and simple. Think of how much you spend a week at the gym and consider how much more you could be saving by doing it yourself at home. A pair of running shoes is a pittance, compared to a years-long, barely used gym membership. Some light equipment for your own personal workout space provides you with variance in your exercises and stops you from having to spend extra time travelling back and forth just to sit and wait for a machine to be free at the gym.
Make your own clothes
Making your own clothes may seem like a daunting task for many. However, if you already have a decent sewing machine lying around gathering dust, then why not consider trying your hand at making your own clothes? If you do, you are not only learning the excellent skill of needlework, but by buying your own material in bulk you can potentially save quite a bit of money by making your own clothing, which will not only fit better than something off the shelf, but you can make it to the exact style you want as well. You never know, you may be able to start running your own side business from it in the future, not only saving you money but making it as well.
Pay as you go
Many brand new mobile phones come with, at times, extortionate contracts, tying you into 12, 24, or even 36 month deals before you can consider upgrading or moving onto something cheaper. As long as you aren’t a brand-centric person and don’t require the latest “do all” phones and gadgets, why not consider swapping to a cheaper brand of mobile phone and going pay-as-you-go or SIM only? Many of these deals cost pennies, compared to major brand phones, and can save you hundreds in the long run.
Often buying in bulk can save you a good lump of money, especially in the long run, and having food to hand immediately is a great way to have peace of mind when shops have supply issues such as, for example, the spring of this year and the COVID lockdowns. Having stockpiles of food are great and the bulk buy savings really do start to add up over the years.
If you have a TV/Internet package that happens to include free minutes and phone calls to other numbers then why not invest in a home phone again? Having a home phone, in some cases, allows you to call pesky expensive numbers without digging into your mobile phone allowance, as well as free landline or mobile calls. If you still need to move around the house with your phone then maybe ditch the corded phone and opt for a wireless one instead. With the decline in use in home phones in general, they can be picked up pretty cheap these days and could save you a good bit of money.