Redesigning your home can be inspiring and exciting. It can also be pricey. You probably know about budgeting and have started setting money aside for your home makeover, but how can you save just a little faster? Miranda Crace with Zing! by Quicken Loans shares 10 clever ideas that can pad your savings account and get you that home makeover sooner than you expected.
You probably know about budgeting apps; you may even use them. But did you know there are apps that literally save money for you? One of the more interesting savings apps is Qapital, which seeks to help you build savings. Unlike other savings apps, it keeps you in control by letting you set rules about your spending patterns.
If you’re saving up to get a new living room set but you have a hard time cutting back on those morning lattes, you can set up a rule that whenever you buy coffee, you also move a certain amount of money into your savings account. With Qapital, you can even set spending limits for specific stores.
Monthly subscription boxes sound like a good deal, but if you don’t use the items in them, they’re just cutting into your budget. Cut the monthly subscriptions of services you’re not using and put that money in your savings account.
It’s not just subscription boxes that can trip your savings up. What about streaming services like Netflix, Hulu, or Amazon Prime? If you’re not using all of them regularly, consider cutting some from your budget. If you find yourself ditching the gym and opting for at-home workouts or classes at a studio, it may also be time to end your gym membership and put that money to better use.
It’s not realistic for most people to go completely car-free, but taking advantage of alternative transportation can make an impact on your budget. If it’s a shorter trip, consider taking a stroll instead of hopping in the car. For longer trips, ride a bike, and if work a little bit farther away, find a few coworkers who live nearby and see if they’d be interested in carpooling together a few days a week.
Individually, these things don’t seem like they’ll save you that much money, but if you incorporate them into your routines, they can add up over time.
Between work, family, friends, and hobbies, you might forget when the electric bill is due. Easy to forget, but definitely not something you’ll want to pay a late fee (and hurt your credit) for.
According to the National Foundation for Credit Counseling, one in four adults doesn’t pay their bills on time. That’s a pretty staggering number – but you don’t need to be one of them. Set up automatic payments for those monthly bills and avoid late fees. Some companies may even give you a discount for signing up for auto-pay.
Hitting the streets for a night on the town may sound fun, but there are plenty of things you can do from home that are just as fun and significantly cheaper. Ditch the (at least) $10 movie ticket and the $20 snacks at the concession stand by inviting friends over for a movie night. If you want to go really crazy, buy a few different flavors of popcorn and make your own concession stand.
Sometimes parks and museums have free activities for the community such as movies in the park or exhibition openings. If you have a local wine bar near you, check and see if they have free wine tasting nights. If there are no free events going on in your city, make some events of your own. Make a day of going to the library and finding a book to get lost in, or host friends for a potluck brunch. With little money and a lot of creativity, the possibilities are endless.
People have been clipping coupons for decades, but with everything moving over to digital, clipping coupons has become more like typing in a promo code into a form field. It’s easy to forget you got an email about a promo code for your favorite store, and you miss out completely at stores you don’t get emails from.
Apps like Honey are making it easy for you to save money while you shop. Honey is a Chrome browser extension that finds discount codes from across the web and applies them to your order. You’ll be saving in no time.
Have a spare bedroom? Consider renting it out. You don’t need to rent it out on a lease; you can rent it out on websites like Airbnb to people who are traveling. Using short-term rental sites allows you the ability to rent only when you have the time or availability. You can make a good amount of money fairly quickly – according to Priceonomics, Airbnb hosts make an average of $924 a month.
Did you know, according to Bankrate, at least 44 million Americans – including seven in 10 women – have a side hustle to bring in extra income? If you have a product, craft, or baked good that people love, that’s an easy way to start making money for your new home décor. Or bring in extra cash by dog sitting, driving for a rideshare company, or even transcribing audio recordings in your free time.
Looking to get rid of some furniture that just isn’t your style anymore (and make room for some new pieces)? Why not make some money off of those items? You don’t have to stop at furniture. Take a look at your clothes and kitchen goods, too. You may not need them anymore, and you can probably find someone out there who does. List your unused goods on sites like eBay, Thrifted, or even Facebook Marketplace to make some money and room for your new home décor.
Now that you’re ready to save for your home makeover, do you know how you want to redesign? Get inspired with some of this year’s biggest trends.
– Coffee fiend, baking extraordinaire, and Zing content strategist, Miranda Crace brings a creative touch to everything she does. In her time at Quicken Loans, she’s worked with the Public Relations and Social Media teams and written home, money, and seasonal content for Zing. Check out more information about home, money and life from the Zing Blog.