I am a Marketing student, Rapper, Freelancer and an earning enthusiast. Since I have so many facets, I waste less; save more; earn more.
I have had my fair share of financial hardships and at present, pretty good with saving, doing petty jobs, to manage the cash-flow.
The thing I’ve noticed is, even my friends of all kinds, with jobs or no jobs, financially stable or not-so always seem to waste a lot unknowingly and then go frenzy.
Since we are humans, we are more likely to think emotionally rather than driving a practical plan to cut out costs.
So here are some tips out of my experience which will help you save money the SMARTER way-
Hack 1- Be clever with how you spend on your transit cost
Covering the distance between college/ workplace and residence is something which we have to deal with, almost daily. Any travel which we make on a regular basis carries a huge opportunity to save on the fare.
I used to walk 4 km daily (from dormitory to college and back) just to save INR 20.
Was the money worth it? Yes
but WAS THE PHYSICAL EFFORT WORTH IT?
Which leads us to the solution-
The whole process of spending cash, from taking out to paying, is a load which psychologically does help to spend less.
DISCOVER CONVENIENT BUS-STOPS
The bus routes and the fare from one stop to another differ greatly. Any other bus-stop than the one closer to your home may turn out cheaper to the same destination you want to visit.
I’ll explain using a personal incident, the bus fare to my college, from my nearest stop, is INR 10 but if we start the journey from another bus stop, which is around 100 meters farther, it costs only INR 5!
Getting a pass for bus, sharing cabs like UBER and OLA, using rental bikes and pooling are other convenient options.
Hack 2- Use Cash not Cards
Using cash comes with a burdensome issue of safekeeping it. Also, since spending through cards or applications is easy, we don’t actually realize how much we’ve spent as we don't keep a track of it.
While doing a cash transaction, we have to go through a number of steps:
- Taking out money from wallet/ purse
- Searching for appropriate denomination
- Hand over the money
- Count the change
Caution- Do carry your card for any kind of emergency. The aim is to spend cash, for that too you may need to withdraw money.
Hack 3: Do not Ignore Coupons!
“Hungry? Order from XYZ app, and get 50% off on your first 5 orders! Use code: EXAMPLE50”
My reaction on reading such a message?
Always try to use coupons both online and offline when you’re planning for a party, spa session or simply ordering something to eat. There are many sites specific to each country (like nearbuy.com in India) which offer plenty of deals and discounts.
In case of frequent dining outs, offers like ’ZomatoGold’ are saviours.
Also while buying online, use sites like ’MySmartPrice’ to compare product price over several e-commerce sites, to get the best deal.
Caution: DO NOT spend the whole day looking for deals, strike a balance.
The basic purpose is EARNING and learning; saving comes SECOND.
Hack 4- Explore and Don't Be Hesitant!
Every shot you do not take, is automatically missed.
Earlier I used to be sceptical of everything. I wanted to ask for discounts, bargain with street vendors, but couldn’t do any of it due to the simple reason that I cared regarding how will people perceive me.
DON’T GIVE A HOOT WHAT OTHERS SAY/THINK
Once I ordered an Americano from a café and the biller asked whether I wanted it to be strong. I said YES. Later I noticed that he had added an extra espresso shot worth INR 50 to my bill.
Since then, whenever I visit coffee shops like ‘Café Coffee Day’ or ‘Starbucks’ I make it a point to say out loud “NO EXTRAS” while placing my order.
Ways to Explore-
Avoid single’s pass for the party.
If I am a stag and want entry into a party/club, I’ll probably ask a female friend or look at the gates of the venue to find anyone of the opposite sex who is single as well so that I get the couple's entry, which is lighter on pocket.
Some people agree quite easily (since they are at a benefit as well) and a few demand money (which is still cheaper than the stag entry). Once inside, split the fee and mingle with whomsoever you want.
It does not matter if you can afford single-entry or not,
THE LESS YOU WASTE ON ENTRY, THE MORE YOU HAVE FOR FOOD/DRINKS
Also, never be afraid of visiting a restaurant or a shop just because it looks too fancy or completely downtrodden.
LOOKS ARE MISLEADING
Once I visited a high-end restaurant and checked the menu card. Obviously it was way beyond my means but still, I mustered up courage and asked:
“Do you guys offer half-plate?”
The employee replied, “We Do!”
Oh my God, what a relief!
The half was more than enough. Employees in fancy places are just like you and me, a high-priced place doesn’t mean that the staff there has a snobbish attitude.
THEY’RE MORE THAN HAPPY TO HELP US IN MOST CASES.
DO Give yourself breaks on weekends to avoid any frustration and seek advice or share your problems if it’s getting hard.
BEING FRUGAL IS A LIFESTYLE, NOT A TASK,
The habit of wasting-less, will develop eventually.
Any doubts or issues?
Comment down below!
Happy to help, Always.
© 2019 Swapnil Ghosh
Prateek Jain from Madhya Pradesh, India on January 17, 2020:
Wonderful article sir. This contains a lot of useful information and used many great gif content to link the subtitle and explained the subject very well.
Umesh Chandra Bhatt from Kharghar, Navi Mumbai, India on December 15, 2019:
Good tips. Thanks.
Bina on November 06, 2019:
Swapnil... Loved your style of writing
Rajinder Soni from New Delhi, India on November 04, 2019:
I have used nearbuy and zomatogold but never tried mysmartprice to compare prices. I will do it now after considering your recommendation. Your writing style is different and it will help many "people interested in saving money" get the right information. Eagerly waiting to read your next hub.
Abitha from Chennai, Tamilnadu on October 30, 2019:
I agree that using the card can lead to excessive spending. Good perspective on saving money based on experience.
Niks from India on October 30, 2019:
Yeah, these are really very cool techniques to save some bucks!
I m probably gonna try the couple's pass trick for the Halloween party this year! Your writing not only educates but also entertains the readers. I enjoyed reading it. Thanks, Dude!
Suchismita Pradhan from India on October 30, 2019:
Just like oxygen money is also important for our life.your article of saving the money is very useful and an eye opener.Thanks for posting.Its quite practical oriented.
Prantika Samanta from Kolkata, India on October 29, 2019:
Thank you for sharing the ways of saving money, as adopting these approaches will definitely help us in the long run. I prefer to carry cash to cards because of the same principle that you have shared. And, of course, coupon is another essential thing but again as you have said don't spend the entire day searching for it. I can well relate to the hardships that you go through when staying away from home. I feel somewhere that helps, as it teaches us to how to manage the entire month in the given amount. Difficult but adopting your approaches are definitely going to benefit.
Vinita Amrit on October 29, 2019:
You really have a unique style. Loved it!
Congratulations buddy. Keep up the good work and the humours style!!!
Halemane Muralikrishna from South India on October 29, 2019:
Festivals are the days of high amount of spending. Your life hacks are really eye-opener for saving on undue expenses. Unusual spendings keep demanding and giving a lot of tension. Your article would help planning well, Mr Swapnil.