Today, I am sharing with you things you should stop buying if you want to save money. But first, I will admit that I used to spend my money on things that I didn’t really need and only when I started tracking my money did I realise.
Now of course once in a while it is great to treat yourself, but here are things you should stop buying to start saving money this month:
1. New clothes:
This one is a no brainer. Buying new clothes even though you don’t need them is so easy, especially with the fast fashion and so many new trends that keep coming out. But we all know how quickly these clothes add up.
I, personally realised that I was buying things I didn’t even need. And there was a point when I has literally no space in my wardrobes for new clothes. That’s when I realised it was a problem.
When it comes to buying new clothes, it is best to wait for a few days and see if you really NEED that particular piece of clothing or not.
HOT TIP: Invest in good quality basic essentials like denims and focus on building a basic wardrobe. Ashley from best dressed has an amazing video on closet essentials. Check it out here.
2. New Shoes:
Again, you are better off waiting for a few days to see if you really NEED the shoes or not(You probably don’t). I mean it’s great to see all these shoe collection videos but wouldn’t you rather have that money in your account?
Also, you are better off investing in good quality footwear rather than buying a lot of “cheap” ones that don’t last long.
Hold up your hand if you are guilty of wasting your money on coffee everyday, when you can easily make one at home that tastes even better.
I love brewing my over night cold coffee and going to coffee shops is something that I have limited to the weekends.
If you start brewing your own coffee too, it could save you anywhere between $75- $120 in a month and this definitely adds up.
4.Things you only use once:
If you need something for a one time use, for a project etc, you are better off renting it or asking your friends or family instead of buying it. Like if you are moving into a new place and are decorating it, you are better off asking your friends for a screw driver instead of buying one yourself.
We got a Nutri Bullet because we thought we’d use it ALL THE TIME to make smoothies. But that doesn’t happen anymore. So whenever you want to buy something, think about how much use you will get out of it.
5. Kitchen Towels/Wipes:
This one is super amazing to cut back on because you save money and also save the environment. Buying kitchen wipes also adds up and I don’t know if it’s just me, but they tend to go by super quickly.
We now use reusable kitchen wipes or use old towels etc as kitchen wipes. And honestly it is such a great idea.
6. Travel Sized products:
If you quite a lot like we do, buying travel sized products sounds like the smart thing to do. But usually, the travel sized products are more expensive than your regular sized products.
So we use small refillable bottles instead. We get these ones from amazon.
7. Gym Memberships:
Buying an expensive gym membership is such a waste of money. There are so many options of doing workouts at home and most of the building complexes have gyms that you can use for free.
But, if you use the membership often, the of course it totally makes sense. But for someone who doesn’t workout that often it is a waste of money. So if you buy a memberships in hopes that it will motivate you to workout, but you only do so 2-3 times a month, then you are better off without it.
And for making your at home workouts more effective, invest in some resistance bands or some basic equipment instead.
If you have any subscriptions for magazines that you no longer read, cancel them. it only takes a few minutes. You will be saving a lot of paper too.
This also goes for any online subscriptions that you have and no longer use. Are you subscribed to any paid products, services that you don’t use? Cancel them and save your moolah.
9. CABLE TV:
This one os such a classic one, that we often don’t think about. Think about how many entertainment subscriptions do you have and which ones do you use most often? And can do away with one of those?
With Netflix and amazon prime subscriptions, cancelling our Airtel dish Tv subscription made so much sense because we never used to watch it.
Boy, do these add up. A good manicure can cost around $50- $70 and the fact that They last for a max of a month is crazy. Think of how much money you could save just by cutting on this expense. And if you add about $40 for a pedi as well, that’s about $100/month.
And for someone who gets them done every month, you’d be saving around $900 a year, which is enough for a vacation somewhere in south east Asia. This puts things into perspective, doesn’t it?
HOT TIP: Instead of the regular mani-pedi, get a DIY nail kit and learn to do your pedi-mani yourself or maybe ask a friend who knows how to do it, and make it into a girl’s night.
11. Spices and Sauces:
I used to collect spice mixes and sauces. But in our day to day cooking, we only use some of these and rest usually go bad and you have to throw them out. And it is such a wastage of money and of food, which I absolutely hate.
We only buy the spices and sauces that we use in most of our cooking and only get small packs of other’s when we have a specific recipe in mind.
12. Take outs/Eating out:
I have to admit, I have been guilty of this. I mean in our super busy lives, some days you are just not in a mood to cook and you take out or eat out. And that’s totally okay. But when you start doing it more frequently, it becomes a habit.
What we started doing instead is Meal Prep. Meal planning makes it so easy to have healthy home cooked meals, even when you have very little time to cook. We usually do meal prep on the weekends so that cooking through the weekdays becomes easy.
No, not asking you to cut back on groceries. However, whenever you are going to get more groceries, take a look at what you already have. And think of what recipes/dishes you can make with these ingredients. And then buy only things that you really NEED.
Never go grocery shopping without a list or on an empty stomach. And when it comes to fruits and vegetables, we never buy in bulk without meal planning. otherwise they end up going bad before we can use them.
14. “Exotic” Fruits & Veggies:
We believe in consuming locally grown and seasonal fruits and vegetables instead of focussing too much on exotic fruits and veggies that are imported from all around the world.
Mainly because they aren’t seasonal and have been in storage for long durations and are ridiculously expensive too.
15. Foreign Currency:
When you are travel a lot, changing your currency to a foreign currency doesn’t make much sense now. Because at the end of the trip, you are often left with currency that you either get changed back, thus paying the conversion fee twice. Or you end up using that money to buy soveinirs that you don’t need, just so you can spend that money.
So, if you travel a lot too, we highly recommend looking into an international debit card, that has no international transaction fee. And only change a small amount of currency for things like taxis etc.
That’s it. 15 things you can stop buying to save money. Let us know in the comments which of these will be the easiest for you to save money on?And what other ways do you save money currently?