Whether you’re looking for ways to save on vacation or cut your budget, you’ll find a wealth of information on Reddit. But how do you know what is legitimate and what is a little less realistic?
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If you’re on Reddit browsing the threads trying to find the best money-saving tips, look no further. GOBankingRates has compiled the best budgeting hacks users have offered so you don’t have to search for what has the most upvotes.
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Advice: “Use the public library for books, e-books, movies, audiobooks, and online courses. Everyone knows it, but it looks like others might use it.
Some of the benefits of libraries may have been overlooked because of the Internet, but this is a free resource that offers so much. You don’t even have to go to the library to enjoy it – just download an app like Libby to download eBooks straight to your phone or other reading device.
Many libraries also have publication subscriptions so that you can browse the articles on their computers without having to pay for them. Some libraries even offer technologies such as 3D printers for free that would be expensive to use elsewhere. And although you can associate libraries with “shhhh!” its, many offer classes and programs – from knitting to personal budgeting – that don’t require you to close your lips on arrival.
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Advice: “The 72 hour rule” is quite helpful. If you want something that isn’t a necessity, instead of buying it right away, add it to a list or spreadsheet, then wait 72 hours. If after 72 hours you still want it, then you can buy it. It seems like 80-90% of the time after 72 hours I don’t buy the item I thought I wanted. The reason I like doing it with a spreadsheet is that I can then at the end of the year how much money I DIDN’T spend impulsively.
This trick will help you avoid making purchases due to boredom or trending social media ads. Chances are you won’t even remember some of the things you bookmarked 72 hours later, let alone want to buy them. By giving yourself a little time before you hit “buy”, you can make sure you are buying things that really matter to you and are really worth it. Also, if you choose to add items to your cart and then walk away while shopping online, some sites may offer you a discount to entice you to buy. So for the items you really want, you might also get a good deal.
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Advice: “Don’t buy something you wouldn’t normally buy just because you have a coupon.”
Just because something’s a good deal doesn’t mean you have to own it. Consider if you would have bought the item even if it was at full price. If the answer is yes, then the coupon only makes it better. If the answer is no, put the coupon away and save some money for the things you really want.
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Advice: “Instead of using Instacart, see if your local stores have a pickup service. You still avoid going in, so you’re less susceptible to impulse buying, but you save a ton of money by not using par delivery. a third.
Shipping costs start at $ 3.99 for orders of $ 35 or more for Instacart, and increase depending on how quickly you need your purchases to be delivered. That $ 3.99 might seem worth it, but it adds up over time, especially if you get groceries frequently. This hack allows you to avoid seeing something in the store and buying it just because it looks good, and also eliminates the service charge of a delivery service.
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Advice: “A lot of jobs have the option of automatic deductions from savings accounts from your paycheck. Send $ X or X% of each check to a savings account at a bank separate from your check. Then don’t have a debit card for the savings account: force yourself to go personally to the bank to withdraw money.
With this trick, the savings are built into your paycheck without you having to think about it. This way, you can use your entire paycheck to pay your bills and spend on the things you need without having to budget for extra savings. It also ensures that a certain amount will be put into savings each month without the temptation to spend it.
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Advice: “My husband and I only pay for things in cash other than bills. It takes a higher level of consciousness to shell out $ 7-10 in cash for fast food than just swiping a card. “
Whenever you get paid, consider withdrawing all of your pocket money that you budgeted for. Feeling and physically seeing money suddenly makes it more valuable and most likely you won’t be doing as much impulse buying.
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Last updated: October 1, 2021
This article originally appeared on GOBankingRates.com: The Best Reddit Hacks To Save Money