Are you tired of spending too much money on shopping, dining, travel, entertainment, utilities and groceries? Do you want to save more money and still enjoy your favorite activities? If yes, then you're in the right place. In this blog post, we'll share some top tips and tricks to help you save money on your everyday expenses.
How to Save More Money on Shopping?
Shopping is a necessity, but it doesn't have to break the bank. With a few smart strategies, you can save a lot of money on your purchases. Here are some tips to help you shop smarter and keep more money in your wallet.
Create a Budget: Start by setting a budget for your shopping expenses. This will give you a clear idea of how much you can afford to spend and help you avoid unnecessary purchases.
Make a List: Before heading to the store or shopping online, make a list of the items you truly need. Stick to your list and resist impulse buying, as it often leads to overspending. Avoid impulse buying.
Comparison Shop: Take the time to compare prices and explore different stores, both online and offline.
Once you are done with all three steps. Now let's move on to how to save more money using some tips and tricks
Use Credit Cards Wisely
Cashback and Rewards Cashback Cards: Choose credit cards that offer cashback on purchases. Some cards give higher cashback for certain categories like groceries or gas.
Rewards Points: Opt for cards that offer rewards points. Redeem these points for discounts, gift cards, or even travel.
Here is one myth regarding Credit cards that Credit Cards Always Lead to Debt
Truth: While it's true that irresponsible use of credit cards can lead to debt, they can also be a powerful financial tool when used wisely. Paying your balance in full each month, avoiding unnecessary purchases, and taking advantage of rewards and benefits can help you maintain financial health without falling into debt.
Some Credit cards you can use on shopping (In India) are SBI Cashback credit card, HDFC Millenium Card, ICICI Amazon Card, Axis Flipkart Card. They all give Instant 5% Cashback.
Example- How I saved around Rs 800 On shopping of Rs 4700 on Myntra app (India)
First, I did some shopping during the End of Reason Sale on the Myntra app. I added items to my basket, and the total bill was Rs 4700. By applying a free coupon code, I got a discount of Rs 450, reducing the payable amount to Rs 4250. Then, I used my SBI credit card to get an instant 10% cashback. By using this credit card, my final bill came down to only Rs 3825.
Coupons, Promo Code and Gift Cards
Use Coupons, Promo Codes and Gift Cards: Look for coupons, promo codes, or digital vouchers for the items you want to purchase. These can provide significant discounts and help you save money.
Gift cards are an excellent way to save money while shopping or gifting. By purchasing gift cards at a discount, you can stretch your Rupees further—whether you're buying for yourself or as a present for others. Additionally, gift cards can help you stick to a budget by setting a clear spending limit.
Coupon and Voucher Websites- myhubble.money, Cashkaro, Magicpin
one such website I am using is Myhubble.money. Here you can get 300+ brand vouchers and gift cards at discount. My wife orders cosmetic products on Nykaa. Once the items were selected and during checkout, I bought a voucher for that amount on Myhubble.money at 6% discount. That voucher amount I pay through my credit card gives me an additional 4-5% cashback. This is called the double dipping technique.
Loyalty and Membership Programs: Join store loyalty or membership programs for additional discounts and rewards. These programs often offer points for every purchase, which can be redeemed later.
How to save more money on Dining?
Eating out can be one of life's pleasures, but it can also be a significant expense if not managed wisely. Whether you enjoy dining at fancy restaurants, grabbing a quick bite at your favorite café, or ordering in, there are plenty of ways to save money without compromising on quality or enjoyment. Here are some tips to help you dine out without breaking the bank.
Credit Card Offers
Dining Rewards: Use credit cards that offer extra rewards for dining out. These cards can give you cashback or points every time you eat at a restaurant. You can use credit cards partner with Zomato and Swiggy to get huge discounts and cashback.
Special Deals: Look for cards that have partnerships with restaurants for special discounts.
Coupons and Gift Cards
Restaurant Coupons: Websites like Groupon often offer dining coupons. Save money on your favorite meals by using these deals.
Discount Gift Cards: Purchase discounted gift cards from sites like myhubble.money and Grabon.in and use them to pay less for your meals.
Eating at HomeMeal Planning: Plan your meals and make a shopping list to avoid unnecessary spending.
How to save more money on Travel?
Certainly! Here are some effective ways to save more money on travel:
Websites- Makemytrip, Goibobo, Cleartrip
Coupons- myhubble.money, Grabon.in
1. Plan and book in advance: By planning your trips well in advance, you can take advantage of early bird discounts, promotional offers, and cheaper flight or accommodation options.
2. Be flexible with your travel dates: If possible, try to be flexible with your travel dates. Avoid peak seasons and weekends, as prices tend to be higher during those times. Traveling during off-peak periods can help you secure better deals.
3. Compare prices and search for deals: Utilize online travel platforms and comparison websites to compare prices for flights, accommodations, and other travel essentials. Look out for special deals, discounts, or package offers that can help you save money.
4. Consider alternative accommodations: Instead of staying in traditional hotels, explore alternative accommodations such as vacation rentals, hostels, or guesthouses. These options can often be more affordable and may provide unique experiences.
5. Stay updated on travel rewards programs: Sign up for travel rewards programs offered by airlines, hotels, or credit cards. Accumulating points or miles can lead to future discounts or even free travel.
6. Fuel Credit Cards: If you are using your car. Make sure you should have a Fuel credit card to save more money. They give 4-5% cashback on fuel transactions.
How I Save Rs around 5000 on Fuel Yearly?
My monthly Car fuel cost is around Rs 7000. I use a Bank of Baroda Energie Credit Card for transactions and get 5.5% cashback (i.e. Rs 385 cashback). Yearly I save Rs 4600-5000. That's Great! Right?
How to save more money on Entertainment and Groceries?
Same way using credit cards and deals you can save more money on Entertainment and Groceries.
On groceries, you can save more by buying in Bulk.
How to save more money on Utilities Bills?
Saving money on utility bills involves a combination of energy efficiency, mindful usage, and strategic investments. Here are several tips to help reduce your utility expenses:
Again Credit Card and Discount Coupons
Cashback websites
Save Electricity, Save Money
Install Solar Panels
How do I save on Utilities Bills?
I use an Airtel Axis credit card which gives me around 25% cashback on Airtel recharges, DTH, and Wi-Fi connection. I also use this card for electricity bills which give me around 2% cashback.
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