Save money: the best tips

Life

Are you also one of those people who get an uneasy feeling at the ATM when the current account balance is displayed? Looking away and quickly suppressing actually helps the least here.

Instead, you should urgently take stock of your expenses and identify potential savings. There are savings potentials for all of us – no matter what the account balance looks like. Here are 8 tips for everyday life on how to save money effectively without having to do without.

1. How to save money in the household?

Crap, you still had a completely new pack of blades for the razor you threw away last week. And when you were looking for something in the basement recently, you fell into the hands of the jumper cable, which you desperately searched for the other day and finally bought a new one. Now you have two identical. Recognize yourself?

If you are one of those people who are constantly buying new things because they have so much stuff that they can’t find anything again – please stop for a moment! This is really annoying and a pretty common reason why you throw a lot of money out the window unnecessarily.

Unfortunately, chaos leads to the accumulation of more and more clutter. This is not only a waste of money, but also quite questionable from an ecological point of view.

Sounds paradoxical, but it’s true: The fewer things you own, the less important the desire to permanently buy new things becomes. If you don’t believe this, you should radically clean out your stuff and learn to limit yourself to the essentials. That brings not only order in the head, but saves also actually extremely much money.

Tip: A pretty ingenious concept in terms of tidying up and keeping order is provided by the bestseller of the Japanese Marie Kondo. 

2. How to save money when shopping for clothes?

Admittedly, the display in clothing stores doesn’t always make it easy to stay steadfast. Or how many pairs of sneakers have you treated yourself to this year? The truth is: If you have a lot hanging in your closet, you’re not necessarily well dressed.

Especially when it comes to your wardrobe: A few really good, high-quality pieces are much better than a bunch of clothes that you bought because a) they were so cheap or b) they were trendy at some point. Rigorously get rid of clothes that you have never really felt comfortable in, that simply don’t suit you, or that you haven’t sorted out yet only because they used to be so expensive.

The money is gone anyway and the piece just takes up space and reminds you permanently that you have thrown money out the window.

Rather equip yourself with well combinable basics, which are of quality and belong to the category “timeless classics”.

A simple white T-shirt or well-made Chelsea boots in brown or black, for example, belong to this category. You will be amazed at how well the pieces in your closet can suddenly be combined with each other, if they really fit your style and are of good quality.

3. How to keep track of expenses?

Wouldn’t you find it quite annoying if the gym you quit 3 months ago is still blithely debiting your account month after month and you don’t notice a thing? No way, you think? This happens to more people than you think. A mixture of good faith and laziness often leads to expenses that simply shouldn’t be there, just because we don’t check our account regularly.

As antiquated as this method may seem to you at first, it is essential if you want to get your finances in order: Keep a budget book!

Or can you immediately tell how much your monthly mobile phone bill will actually be, how much your car insurance will cost you and when the premium for your household insurance will be debited?

Probably not. Thanks to all the standing orders we’ve set up here and there, we quickly lose track of our actual spending.

Therefore: make a list of your fixed costs and also note down all the expenses you incur. This includes every coffee, every iTunes bill and every roll at the bakery. This is the only way to get a feeling for what you really spend and where you could save in the long run.

By the way, there are also free apps such as “Money Control” or “My Budget Book” for your smartphone, which can be used to do this in a very practical way.

4. How do I save money on my banking transactions?

The friendly lady on the phone wants to talk to you about a new form of investment and invites you to a personal meeting at your bank? Regardless of whether you accept the offer or not – keep one thing in mind above all else: investment advisors sell investments because they get commissions for them.

The belief that the bank has your needs in mind when advising you instead of your own is simply naive. How it goes better, betray non-profit on-line portals such as finanztip.de. Here you can get free analyses and truly independent advice.

5. How to save money on vacation?

When you scroll through the timeline of Instagram, it seems as if the whole world is constantly lolling on the beach of Thailand or Hawaii, only you sit in the office and wonder how all the people actually cope with it financially? With rich parents or millionaire girlfriends by their side? Not necessarily; some just have the knack of traveling the world extremely cheaply.

Like this, for example: At couchsurfing.com around 14 million people in more than 200,000 places all over the world offer a couch for travelers – free of charge. Networks that function similarly: hospitalityclub.org, globalfreeloaders.com. 

Accommodation for work is the deal at wwoof.de. Classic: If you help out on the farm for a few hours, you get to live and eat here for free. 

At the word youth hostel bad childhood memories come up in you? Wrongly!

Hostels and youth hostels are unbeatable in price and in terms of quality and service there’s no difference to hotels or resorts.

If you want to save extra money and don’t mind snoring, you can book a bed in a dormitory. The advantage of this is that you can talk to other travelers about what’s worth seeing in the area and make connections. Individual travelers should check before their vacation on lonelyplanet.com . A worldwide hostel overview is available at hostels.com.

You are really spontaneous? Then try your luck with a blind booking at the airport (for example via eurowings.com) Works by booking a hotel in the desired class in advance (at special conditions, of course). The best thing about it: You only find out at the airport where the trip is going to, depending on the capacity of the respective providers.

6. How to save money when eating out?

If you break down your finances and write them down, you will quickly find out that a large part of your money goes on eating out.

There is nothing wrong with that, as long as it is good, fresh and healthy food. Unfortunately, a considerable part of it ends up in the garbage can. Yesterday bought fresh spinach for the green smoothie and today yet more desire on steak? Then the leaves land surely already tomorrow in the garbage.

According to a study by the University of Stuttgart, each of us throws away an average of 82 kilograms of food per year.

That’s not only a waste of money, it’s also pretty lousy from a moral point of view. Plan your meals rather week by week in advance. And take a look in your store cupboard. I bet you don’t even know what’s still in there in the way of canned goods. bunkers and slowly spoils? Promised: This saves a lot of money when buying food.

Another example: The best-before date. Why should a number on a lid be more reliable than your own judgment? Before you throw away food unopened just because the best before date has passed – stop! Open, look, sniff! You can actually rely on your senses and common sense here as well. Helpful information can be found on the homepage zugutfuerdietonne.de of the Federal Ministry of Food and Agriculture. 

7. How to save sensibly each month?

Set a realistic amount to put into a savings or overnight deposit account each month. Preferably always at the beginning of the month, because this investment should be your top priority from now on. This is strategically better than just setting aside the amount that is left at the end of the month. Accordingly, the rule is: Income minus savings amount = expenses.

8. How can I save money with clearing out?

Which brings us right back to the topic of “cleaning out” … If you’re busy cleaning out our 1. and 2. point into action – stop! Don’t just throw everything in the garbage can. Especially from branded clothes, old cell phones, video games, some books and DVDs you can still get a few euros out of them. A tip that seems obvious, but is still not taken to heart by some: Sell seasonally! You will certainly get rid of your old ski equipment better in November than in May. Below are 3 ingenious apps to flog:

Shpock (“SHop in your POCKet”) is a flea market app similar to ebay classifieds. From vintage bicycles to no-longer-used tablets and phones to fancy secondhand furniture.

momox is a pretty ingenious way to get rid of used books, CDs, DVDs or PC games. The easiest way to do this is to download the free app and scan the barcode number or ISBN of the item on the back with your smartphone. Immediately you will be shown how much you will get for the respective item. Then print out the delivery bill, put all the items in a package and send it free of charge. A little later the money lands on your own account.

Behind Swapper is an online swap meet for used items in TinderStyle.

Here you swap instead of selling.

The app works with an algorithm that connects suitable swap partners, who can then exchange clothes, vehicles, tools, or whatever else they like with each other. This saves money and connects people in an ingenious way.

Conclusion: Saving is possible without doing without

Saving doesn’t necessarily mean that you have to do without an incredible amount of things from now on. Most of the time, it’s the small, clever tips that add up to a lot and ultimately lead to you being able to check your account balance at the end of the month with a good feeling. Get it done!

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