Smart Ways to Stretch Your Money

Written By Alla Levin
November 28, 2022
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Intelligent Ways to Stretch Your Money

Money is tight for a lot of people right now, so it is a good time to look at some of the most brilliant things you can do to stretch your money and make it go as far as possible.

Have a budget

If you don’t have a budget, it’s easy for your spending to get out of control and waste money on areas you do not need to. There are so many great tech apps that will track your spending for you and help you draw up an adequate budget, that it would be foolish not to take advantage of them.

Get cashback

There are numerous websites and credit cards that offer cashback on some or all of the purchases you make. When you use them, you are effectively buying goods and services and even paying bills for less than the ticket price, which means more money in your pocket at the end of the month. Again, you’d be foolish not to take advantage of them.

Make repairsIntelligent Ways to Stretch Your Money

Instead of replacing things when they are broken, see if you can repair them yourself or have a professional repair them for you. Often, things like iphone repair services and dishwasher repairs are cheaper than buying a new one, with the added bonus that they are better for the environment too.

Shop in sales

Suppose you only ever buy things like clothing and technology when there is a sale. In that case, you will always be able to stretch your money further and add more to your savings or have more fun on things that are important to you, such as vacations, so although it can be annoying to have to wait a bit longer to buy the things you want, it is totally worth it in the long run.

Ways to stretch money: Buy in bulk

If you can buy things like food and cleaning supplies in bulk, then you will typically find that the cost per unit is cheaper as a result of doing so, with the added bonus that you never run out of anything you need. Buying in bulk requires more space and time for planning, but if you have both, then it is a very sensible way to stretch your money a little further.

Get rid of subscriptions

If you have lots of subscriptions to magazines, streaming services, and things of that nature, think carefully about which you use a lot and which you do not Get rid of any excessive subscriptions, and you will have more money in your account at the end of the month for whatever you need it for. So many of us are wasting so much money on subscriptions we never use that it is ridiculous, and we are all poorer for it!

As you can see, there are lots of genius things you can do to make your money go further and the more of them you do, the more money you will have left over at the end of each month. So, what are you waiting for?

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