Having an emergency savings is the #1 way to achieve true financial freedom. So, in this collaborative/contributed post, here are five creative ways to save money.
1. Learn About Minimalism
Joshua Becker describes minimalism like so, ‘Minimalism is intentionally living with only the things I really need—those items that support my purpose. I am removing the distraction of excess possessions so I can focus more on those things that matter most.’
Living a minimalist lifestyle is about focusing on objects you really value, avoiding over consumption, and removing the clutter from your life. Learning about minimalism will help you to avoid overspending, and live with purpose. To learn more, check out podcasts like ‘Spark Joy’ or ‘Clear Your Clutter Inside Out.’
2. Upcycling Projects
If you’re the creative type you’ll probably like the idea of upcycling. These projects are all about reusing old materials, or waste, to make brand new items. When you’re decluttering your home take a good look at your recycling or anything you’re planning to throw away. Could you use any of these items for a new creative project? There are plenty of decor items you can make for your home, using waste materials or recycling. To get some great ideas check out The Recyclart app.
3. A Creative Side Hustle
Saving money can be a challenge, and many of us like the idea of boosting our income. There are so many creative side hustles that you can try to improve your earning potential and save money. You might sell homemade items whether it’s artwork, clothing, candles, or jewelery. There’s a huge market for handmade goods, plus you get the chance to show off your talents.
When you’re starting a side business you’ll have lots to think about, from marketing to shipping your goods and which financial platforms to use. If you need a GBP bank account, take a look at Airwallex.
4. Free Leisure Activities
During the pandemic, I noticed clients spent a lot less money because no one could go out and do anything. Now that most places are open again, to help you continue to saved money, focus on free leisure activities. Check out free museum days and art galleries, go on hikes, bike rides or trips to the beach. Join Meet-Up groups and get involved in new social activities in your area. There are plenty of free ways to have fun for free if you get creative! I sometimes will challenge myself to do at least 1 fun free activity a week and see how long before I have to spend money.
5. What’s Your Why?
Figure out why you want to save money in the first place, once you determine this, it’s easier to motivate yourself. Perhaps you’re saving up for a special purchase? Or to get a business idea off the ground? You might be looking to get out of debt or simply have more freedom? There are many options to improve your financial health.
Using these five ideas you’ll design a creative savings plan that works for you. There are plenty of ways that you can save money if you put your mind to it.
This week (August 23rd-27th), I'm hosting a FREE five day challenge. On Wednesday, the 25th, I'll go into more ways to save money and give you a guide to the highest interest savings accounts, so you don't have to do the research! Join me HERE or below.