We live in a day and age, where even saving a cent makes a huge difference, given the numerous aspects of modern life that require money. As such, many take out payday loans -high acceptance rate will make it possible for most to apply. Many appreciate tips for where they can make cuts and make their ends meet without any added stress. That being said, here are a few tips you might find helpful.
Drive Under The Speed Limit
As the saying goes, old habits die hard, and it takes time and discipline to relearn how to drive properly. However, this can save you a lot more money than you might think.
According to the United States Department of Energy, you can save as much $500 a year on gas simply by driving 55Mph rather than 65Mph on the freeway. That is because fuel efficiency for most vehicles hits peal at around 45Mph and gradually reduces as you speed up.
You can make even more savings when driving around the city. Driving at the speed limit or even slower leads to less braking and also fewer accidents.
Find a Hair Cut You Can do on Your Own
This is even easier for people who like to completely shave their heads. However, if you are a fan of long hair, there are many easy to learn styles out there, some of which you can enlist to a friend or loved one.
The average hair cut and style cost for men is $30 and $50 for women. For a couple, this an easy $200 DIY savings if you visit a stylist twice a month.
Save on Toilet Paper with Junk Mail
This is not only funny and a bit of a stretch, but how awesome does it sound to wipe your ass with that unappealing bill?
Of course, toilet paper is essential and does not save you that much, but when you are in a corner and need to make your ends meet, even the smallest amount can make a substantial difference.
Donate Clothes and Then Buy Them Back
This a tip that only works when you itemize expenses on income taxes. This implies adding up the charity donations, mortgage interest, local and state taxes to deduct from your income. If the total adds up more than your standard income, you could be looking at thousands of dollars in savings.
The tax value of donated items is usually higher than the resale amount. There are many who have donated clothes and other items and got a deduction for almost their new value and bought them back for less than 10% of the amount.
Keep in mind that this strategy works best if you’re in the 25 percent tax bracket. So if, for example, you get a charitable deduction of $1000 it saves you $250 in taxes. If you can buy your clothes for less than that amount, then you are in for a sweet deal.
Revise Your Budget
This is last but not least, and perhaps the most important tip when you are looking to make your ends meet. Most individuals tend to subtract their expenses first and then save the rest from their income. Honestly, if you do not have adequate money to cover all your expenses, start cutting your expenses in order to pay for the most important things.
Dumpster Diving
This is also a stretch, but it is worth considering. Some people throw away goldmines without knowing, especially is colleges during move-outs.
That being said, consider visiting college dorms and high-scale neighborhoods, and you might just be surprised.
And there you have it, a few tips to not only save and make your ends meet but help you consider spending your money more wisely.