5 Genius Spending Hacks for People on a Budget

money hacks

Budget and money hacks are the latest trend. This is largely due to the cost-of-living crisis, where people are looking to keep up their lifestyles without having to make too many sacrifices.

If you can relate to this, then you’ll appreciate these 5 genius spending hacks. They’ll teach you how to spend and save money and make smarter financial decisions moving forward.

1.   Use Discount Codes

Here’s some exciting news: the internet is home to millions of discount codes. All you have to do is find them, copy the code, and then paste it at checkout. It’s really that simple, and there’s usually no catch involved.

So, as an example, you might love the popular vegan shoe brand Koi Footwear. If you do, you can try a Koi Footwear discount code. From 15 percent off your first purchase to 20 percent savings on your total cart value, there are lots of different discount codes for you to try.

As you become more experienced at discount shopping, you’ll quickly become a coupon code expert – and know all the main websites to get them from.

2.   Make Shopping Lists

If you’re like most people, you’ll do your grocery shopping once a week. However, if you’re still making the age-old mistake of going into the grocery store without a list (and simply purchasing whatever you like), then it’s time to change!

When you make shopping lists, it keeps you:

  • On track
  • In control of your spending
  • Reduces impulsive purchases (because you know what you need when you’re in the store!)

Over an average month, you should find that following consistent shopping lists saves you a lot of money, especially when it comes to grocery shopping.

Remember, you don’t need to write your shopping lists down the traditional pen and pad way. Instead, you can download one of the many shopping list apps to your Android or iPhone. This makes managing and editing them much easier.

Plus, you can even share your shopping lists with friends to compare and exchange tips and tricks with each other!

3.   Avoid Using Overdrafts

Overdrafts as a long-term spending strategy are generally not a good idea. The reason for this is that they encourage excess spending and a lack of savings.

Instead, it’s much better to cut costs and stick to a budget rather than relying on an expensive overdraft. After all, most overdrafts require you to pay interest, which is obviously something you won’t want to deal with further down the line!

4.   Download Shopping Apps

Often, big grocery stores and retailers have shopping apps that you can download and use for free. One of the main attraction points of these apps is that they sometimes offer exciting discounts. What’s more, most stores’ shopping apps still let you input discount codes you found on other coupon websites, too, which may allow you to combine savings in some cases.

You might open one particular shopping app to find that you’ve been offered 10 percent off all products for the next 7 days or perhaps money off your next shop, which would be a real money-saver!

5.   Get Some Reusable Shopping Bags

When you go shopping, you’re probably spending more money on bags than you realize. As a solution, it’s a smart idea to get some reusable shopping bags and carry them with you whenever you go out shopping.

This way, you’ll no longer have to pay for expensive shopping bags at checkout! Plus, you’ll also be helping the environment, which is a nice added bonus.

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