It’s time for some show ‘n tell!
In this episode, I share 10 everyday money saving tips – that help you feel totally abundant.
Plus, I share some of my favorite recent purchases and tell you how I got them for an absolute steal!
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See, saving money doesn’t have to be about feeling poor and like there’s not enough.
Saving money can be done in a way that feels utterly empowering, helps you create wealth AND makes you magnetic to more!
And as you save money on things you don’t really need to be spending extra on, you have more available to ‘make money babies’, creating financial stability and freedom for yourself and your family.
Back when I was going through my ‘broke single mum’ phase, I had no choice but to save money – because I didn’t have any.
There was both good and bad in that. Because on one hand, I felt poor and was totally stressed about money. But on the other hand, it also taught me that you can do with very little money pretty much the same things you can do with A LOT of money!
In a recent episode, I talked about bargain shopping with an abundance mindset (you’ll find the link below). Because at the end of the day, what’s important is not so much what you do. What’s important is how you FEEL about what you do.
If you bargain shop from a place of excitement and empowerment about saving money so you can accelerate your wealth creation, it cultivates an abundance mindset.
It feels empowering to take charge of your financial destiny like that.
Plus, bargain shopping is a whole lot of fun!
OK, let’s get into these 10 tips. These are not necessarily my top 10, but they’re 10 wide-ranging tips that are super easy to implement.
TIP NUMBER 1:
Capsule shopping list
Let’s start at the grocery store. Firstly, always have a list – obviously. Make that list based on the meals you’re planning to make. The trick here is to make those as MODULAR as possible.
You know how we have capsule wardrobes? Think about having a capsule shopping list! So if you say, buy broccoli, plan to use some of it in a stir fry and the rest steamed on the side of some fish.
So you’re buying the one thing, but you’re planning to make more than one meal with it. This is awesome for avoiding leftovers and waste.
An extra little bonus tip is to shop and plan for one meal LESS than you think you need. Because there are always some leftovers and sometimes it’ll just end up being takeout night.
TIP NUMBER 2:
Keep it basic, then glam it up!
Let’s move on to your wardrobe. Stick to buying good quality, basic pieces. Then dress them up and accessorize them with things that you buy recycled and secondhand!
For example, I’m very much a top and jeans kind of girl. And I love jackets. I have A LOT of jackets! And you might look at my wardrobe and think, “Oh my God, woman, how many jackets does one person need?” But the thing is, that I can just wear a plain tee-shirt or top with my jeans and swap out my jackets for a whole variety of different looks.
Same goes for jewelry and handbags (which I also like to buy recycled where possible)
In the video of this episode, I do a little show’n tell, sharing my favorite recent purchases, so be sure to watch it!
I share some of my favorite coats, leather jackets, and handbags, which only cost me a few hundred bucks and allow me to create a bunch of different outfits.
And sometimes, I’ll sell my handbags when it’s time for a change.. which is why it’s so important to buy quality and take good care of things.
Less really is more – as long as you absolutely love and adore every single piece. And if you also make them modular and keep things simple, you end up being able to dress in really abundant, luxurious feeling ways, for very little money.
TIP NUMBER 3:
Create space!
I’ve touched on this already and it’s to sell something before you buy something new.
Because we all have enough stuff in our lives, right? So if you decide you need something new, get rid of something first. It creates space and shows you have an attitude of abundance. If you can get a few dollars for it, awesome! You can put that money towards your current number 1 financial priority. 😊
TIP NUMBER 4:
Going – going – gone!
As you’ve probably realized, I love thrift and recycled stores. To me, it really is a treasure hunt. It’s fun and exciting and you can really find those statement pieces like jewelry, handbags and coats to make whatever you’re wearing really pop.
It also gives me a deep sense of satisfaction knowing I’m not adding to waste to the planet or contributing to industries that are rife with moral, ethical and environmental issues.
And you can do the same with furniture! In fact, most of the furniture in our home I bought back when I had no money. I went to local auction houses and found things that I liked. I’d leave absentee bids which took away any temptation to spend more money and eliminated the pressure and stress of being at an auction.
And I ended up with furniture that we still use and enjoy every single day. I wouldn’t part with it for anything. It’s all great quality and would cost a fortune to replace!
TIP NUMBER 5:
Sell the car!
We did this. We sold the second car!
Now, if you still have young kids and are always driving off in different directions, this may not be for you… yet. But once you get past that stage, you really don’t need two cars.
We realized we were paying insurance, registration and maintenance on a vehicle we didn’t really need. So we sold the second car.
We realised that if we had a schedule clash and one of us needed to catch an Uber every now and then, it was still going to be worth it. But it’s never happened yet!
We did however buy a scooter instead, which we absolutely love because it reminds us of Bali. Anytime the weather’s good, we fight over who gets to ride the scooter.
It’s what I take to my yoga class, or when I head out for a coffee. We don’t really go very far so the scooter is super handy.
On the weekends, if the weather is nice, we both jump on and go for a ride along the beach, grab an ice cream or coffee and pretend we’re in Bali.
TIP NUMBER 6:
Get solar panels!
Then run your electrical equipment during the day! You’ll use the power of the sun to run your home, your electricity bill will be next to nothing – and you’ll have spent that money adding value to your home instead.
TIP NUMBER 7:
Shop around and review your basic home bills.
I’m talking about your phone bill, internet, insurances and all those basic home bills we tend to kind of forget about.
Because you know what? Chances are you’re paying way too much. Remember how back when you signed up for them, you shopped around to make sure you got a good deal? Do that again! Review them each year..
If you can’t be bothered doing it yourself, pay someone else to do it! There are services who are impartial and will guarantee to save you money. Every time I’ve done a review of our basic home bills, I’ve saved at least a thousand dollars – which is pretty cool.
TIP NUMBER 8:
Review your rates!
Be sure to regularly review the interest rate on your mortgages (as well as any other loans and debts you have).
When we operated our mortgage broking business, this was standard practice. We reviewed every single customer’s loans every year. We didn’t wait for them to call us and ask for this. We just did it.
It was awesome to send out emails saying, “Hey, we just saved you a few thousand dollars a year! ”
If you have a broker, that’s their job. And if you don’t have a broker, please find a good broker. Don’t go directly to the bank. Their job is to sell you what they’ve got, not what their competitor has.
OK, intermission time…
Let me know in the comments below:
What are your favorite tips for saving money?
I’d love to hear them!
TIP NUMBER 9:
This is a really fun one! Look for relocation deals on motorhomes and campervans.
Martin and I have done this several times where we drove a motorhome that needed to be moved from Alice Springs to Adelaide. You literally get paid to drive the motorhome, rather than paying to rent it.
You get to see different places without having to pay for accommodation. You get to be on the road, build fires at night and camp in unusual locations. It’s so much fun!
My favorite site for this is www.imoover.com so go check it out!
There’s cars, motorhomes and campervans available. And often you can hire the vehicle for a couple of extra days at a reduced rate. That way, you can make your trip a little more leisurely rather than rush from A to B.
Plus of course, the benefit of a motorhome is that you have a traveling kitchen and bathroom with you. You can stock up at the supermarket and make really simple, easy meals to enjoy by the campfire at night.
It’s a lovely way to get away.
TIP NUMBER 10:
Here’s another travel one!
Look for house swaps or house-sits! There are websites and apps dedicated to this. Or you can ask friends if they know anybody who would like to do a house swap.
There are always people looking to have somebody look after their pets, water their pot plants, etc while they’re away.
It’s a great way to stay in a comfortable home and avoid paying for accommodation.
BONUS TIP!
A little bonus tip… Going back to meals and meal prep for a moment.
When you cook at night, make enough to cover lunch the next day. It avoids having to make something else for lunch or buying lunch.
I find the easiest thing is to just put that extra serve aside as you’re plating up dinner. In our house, everyone works from home in their track pants, but if you have someone in your home who actually gets dressed and leaves the house for work, they will ESPECIALLY love you for having their lunch ready like this.
Ok, that’s it for today’s episode. Did you enjoy it? What was your favorite tip? Let me know below, please!
When you save money in a way that makes you feel abundant and empowered, it makes you magnetic to more.
And when you’re saving money, you can reduce your debts, accumulate savings, invest and grow your wealth so much faster.
And all of that helps you create a more abundant life, inside & out.
Ready to go deeper?
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