With the rising inflation costs, people are searching for legitimate tips for saving money. After polling the internet, “What money-saving tips do you have for people in their 20s and 30s?” These were the top-voted tips for Generation Z.
1. Delete Your Food Service Apps
“Go get your food. You’re going to watch TV anyway. So by getting your food, you’re saving $10 for a whole other meal,” suggested one. “My friend and I have a bet to see who can go the longest without using Door Dash after removing the app. The amount of money I’ve saved so far is embarrassing.”
2. Automatic Transfers to Your Savings Account
“Saving first was a game changer for me. If you ‘pay yourself first,’ you save and spend what’s leftover, vs. spending first and saving what’s leftover. Then, you’ll be ahead of the game,” confessed one.
“AUTOMATE YOUR SAVINGS AND PRETEND YOU DON’T EARN THAT. Yes indeed. Most of us, even those who aren’t as fortunate, could save if we just started, even if it’s just 50 bucks a month. And once you start to see your account go up, it feels great,” another confirmed.
3. Learn To Make It at Home
“Learn to cook, so you don’t spend as much money at restaurants and fast food, and if you drink coffee often, make it at home instead of buying it every day. Also, cut out, or at least trim down on snack foods and drinks,” encouraged one.
“Coffee makers have timers you can set the night before and so even drip into a thermos to take with you. Money saved,” a second user replied.
4. Learn To Fix as Much as You Can, Within Reason
“Learn to fix as many things as you can. I’ve saved easily tens of thousands of dollars fixing everything myself, and I don’t have to make annoying appointments that make me ruin a day to get ripped off at the end,” shared one.
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“I’d like to add one thing,” replied another. “Look for repair clinics for what you don’t know how to repair and skill share. Also, buy goods that are easier to repair even if they’re more expensive.”
5. Food Prep and a Vacuum Sealer
One exclaimed, “Food prep! Make food in bulk and freeze it saving you money and preserving freshness. Also, if you can get your hands on a vacuum sealer, that would be a great addition.”
“I would spend more and prep more intricate meals. I recently made one with noodles, a little cheese, milk, butter, flour, and seasonings. I made it in 20 minutes.”
6. Get Yourself a Library Card
“Get a library card, and for a lot more than books. For example, my library has a 3D printer. In my opinion, that alone is worth activating a library card,” one stated. “Our library’s app is awesome! You can request items and check them out with the app, among other things. Who doesn’t love reading free books?” another asked.
7. Be Sure to Track Your Spending
“Track your spending. Keep track by category: housing, utilities, food at home, food away from home, transportation, clothing, entertainment, hobbies, travel, savings, etc.,” one shared.
“Or whatever categories are meaningful for you. Do it for a couple of months at least, and take an average, so you know your typical spending rather than one (possibly unusual) month.”
8. If You Can Walk, Bike, or Utilize Public Transportation
“Cars are expensive. If you can walk, cycle, or take public transport to get somewhere, do so. You’ll not just save money, but active travel is an excellent way to keep in shape,” one explained.
“I know the Americans and Canadians will come at me for that, but if you can, do it. Also, on that note: Active travel is a cheaper and more sustainable way to lose weight than going to the gym.”
‘If you have heavy shopping, get a Granny Trolley. Your fingers will help you. The reason why the Japanese are so fit and healthy is that they walk a lot. Seriously, your body will thank you.”
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9. Credit Unions Are Awesome
“Open an account in a credit union and have 10% of your pay (if possible) direct deposited there. Then, never open the statements and use the card; activate it and keep it someplace safe but semi-unreachable. Another suggested that this practice will allow you to build your safety net.
10. Credit Cards Are Beneficial
“Contrary to what many people believe, credit cards, when used responsibly, can be huge money savers. If you can’t pay for it out of pocket, don’t charge it on a credit card. Even moderate awareness to leveraging rewards can save you 5-10% on most items and often more,” a final user commented.
What do you think? Did Reddit deliver great tips for Generation Z, or is something significant missing from this list? This article is inspired by the internet and did not necessarily reflect the views or opinions of Savoteur.