A compilation with 22 tips on saving money in 2022 and beyond including systems for managing money, your true financial “needs”, a shopping list hack, how to save thousands on work travel, and bonus tips, of course because saving should be about abundance, not deprivation!
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Transcript: 22 Ways To Save Money In 2022
Bear: [00:00:00] delve really deep into free and discounted food
your first stop would be an app like Olio, where the food is given away for free. And then you can look into things like too good to go where the food is just a lot less than you normally pay for it because the outlets are selling off that food at the end of the day, instead of throwing it in the bin we should stop calling it secondhand September and just have second hand every month.
my decision process for replacing things is try and fix it first. Then I’d ask whether I have something else that would actually kind of do the same job. Failing that I then ask, well, actually, do I even need this thing in my life at all?
what would change if I just stopped using this thing altogether?
then see how you get on with the cash envelope system for all of your personal essentials
remember that life is basically a video game, so you probably won’t die and you can reset and just have another go tomorrow
[00:01:00] there’s lots of evidence that writing things down changes our behavior in a way that just thinking about something doesn’t,
And I’ve definitely found that through journaling.
This could be a way for you to approach every goal as a financial goal and record those efforts
unsubscribe from promotional emails
choose a reward when you achieve your goals.
choose a reward that’s an investment.
choose something which then fuels the next thing that you want to do.
if you love someone, do you need to demonstrate that with a physical gift? could you not give them your time and attention instead.
What is that on your screen by the way? Is that – Is that a like button? Who put that there?
I found it very affordable to eat vegetarian if you’re not buying these or processed meat substitutes. And if you are actually cooking with more vegetables and plant-based sources of protein.
I cut my own hair. So I’m definitely an advocate for doing your own beauty treatments
I do my own nails
[00:02:00] we never need to buy skincare ever again. Cause I saw a dermatologist at our hospital recently and we had really just like a eye-opening life-changing conversation about skincare and everything that that dermatologist at the hospital does not spend on skincare.
have a cupboard clearout
take a shopping list
take a picture of your fridge or your bathroom:
if you use something every day or every week, then you’re probably okay to stock up on it as part of your general shop.
If it’s not on your list and you’re uncertain about whether you forgot to put it on your list or you just didn’t check. And you’re worried about running out of that thing. But if it’s something that you don’t use every day or every week,
I would usually wait until that thing has 100% run out and the packaging is gone before putting it on a list for the next time that you shop.
imagine that it’s physical money inside your food cupboards, and you can do a similar thing with your bathroom and bedroom, if you do spend a lot on personal care
[00:03:00] I have been a commuter before where my season ticket costs thousands and thousands of pounds. And one way I got around that was actually with asking my employer for a nought percent loan.
when I wanted to resign, I was able to pay off the balance
what I had done with the nought percent loan is actually invested that money and earned interest on it
Bear:
A Christmas amnesty, even if it’s just for one year could make a real difference.
in my extended family, there are parts of the family where they just mutually agreed that they don’t exchange presents anymore
instead of having a month where you only buy second hand or a year where you only buy secondhand, you can also have no spend months and no spend years.
have some ground rules for things
that you can buy. So it’s kind of up to you if it’s actually just certain categories that you’re turning into a no spend month.
get your friends involved if you’re saving and
save money together
if you can’t have those conversations with your friends, or if you have those friends who you feel like they’re trying to sabotage you, is that really a friend? [00:04:00] Did you know that if you are a National Trust member anyway, you can use their car parks for free with your membership?
Edith the 2nd: Most museums are free for citizens, but you might have to bring ID.
Bear: Oh, is that the end? I wasn’t ready for it to end yet.
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