The start of the year is always a good time to do a stock take of your finances and put plans into place to help you save more money and make more money. After all, you don’t want to feel as though you are slogging it out at work and not getting anywhere for your efforts. From making your own lunch instead of buying it to refinancing your home, here are our top tips for saving money in 2022. Keep reading for more insight on how you can make 2022 the year you save some major dough!
Here Are 5 Clever Ways to Get Smarter with Money in 2022
1) Make your lunch
The easiest way to save money on everyday essentials such as food is to stop eating out for every meal. By eating at home and making food from scratch you can be saving hundreds of dollars each month, depending on the types of meals you are opting for. When buying fresh food, aim to get ingredients that are in season as they are often cheaper because grocery stores don’t need to factor in international travel costs for the out of season ingredients that they need to ship in from overseas. Also shop around for the best deals. Sites such as Wholesome Market for example sell health food ingredients for 15-50% off. Given the health food aisle is often the most expensive aisle, finding a more affordable option is wise.
2) Own a home? Consider refinancing
With interest rates set to rise, looking for a better deal on your home loan, provided you are not locked in now is not a bad idea. Speak to a broker or check out one of the digital lending apps and discuss what the best option is for you. You can literally save thousands by shopping around for better deals
3) Look for deals
Now that many of us are out of lockdown and borders have lowered, there’s no doubt that many of us are going to want to travel, go on more outings, buy some new clothing etc. This is all well and good but it can get expensive. Again, look for the best deals. There are lots of travel sites such as Luxury Escapes or Groupon where you can go to great places for a fraction of the cost. For dining out, check out apps such as Eat Club which will tell you which eateries have offers on and when. For shopping, there is always a sale, all you have to do is look for it.
4) Consider using a micro investing apps
Micro investing apps are a good way to save your pocket money, while also making some interest. Apps such as Raiz essentially round up the amount you spend to the dollar, for example, if you spend 80 cents, they will draw 20 cents out of your bank account and invest it in your Raiz account. It may not sound like much, but over time you can actually save a lot of money with this approach.
5) Put your skills on marketplace websites
Are you a good writer? A designer? Someone who is good at managing a social media account? Why not put your skills up on a site such as UpWork or Fiverr and make some extra cash in your free time? Most people will have a skill that they can outsource and by doing so you can make money over and above your wage.
