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How To Spend Money To Save Money

Frugality is an admirable trait, but not if you’re so thrifty that you neglect to pay for essentials. Individuals trying to save money through “cutting corners” may find that they have to pay more down the road when costly repairs have to be made. In order to avoid spending unnecessary money on home maintenance and in other areas, utilize the practice of “spending money to save money.” This practice requires you to take preventive measures in fixing appliances and household items, as well as investing in higher-quality items, but saves you money in the long run. Here are a few things worth investing in to save money down the road:

1 Join Clubs

Get a membership to Sam’s Club or Costco so that you can save money on groceries and household items. Having a membership to these places allows you to buy items such as flour, sugar, and chicken in bulk, which costs much less than buying groceries in smaller amounts. The same goes for gym memberships. If you buy a pass to a YMCA or similar establishment, you can get reduced rates on fitness classes.

2 Subscribe to Amazon Prime

If you order lots of books, music, or movies online, it’s worth it to invest in an Amazon Prime membership in order to avoid paying shipping fees.

3 Purchase an Espresso Machine

If you’re a coffee fanatic, buy a nice espresso maker so that you don’t have to make expensive Starbucks runs each day. This can save several hundred dollars throughout the course of a year.

4 Save on Fruits and Veggies

Instead of buying prepackaged salads, buy a salad spinner so that you can make your own salads. Instead of buying pre-cut fruit, buy whole fruits and cut them into more manageable pieces. It’s generally cheaper to buy whole fruits and vegetables than pre-cut, pre-packaged ones. Plus, they’re fresher and healthier. It’s a win-win situation!

5 Air Filters

Replace your heating and cooling system air filters every 90 days in order to reduce the amount of dust and allergens in your home. This will help prevent potential health problems.

6 Buy Extended Warranties

It’s worth it to invest in extended warranties for electronics such as laptops and TVs. If they get stolen or need to be fixed, you’ll be able to replace or repair them without breaking the bank.

7 Buy Good Insurance For Your Home/Vehicles

Make sure you have enough insurance on your vehicles so that you can replace them if they get damaged or totaled. The same goes for flood and fire insurance. If you rent, it’s wise to invest in renter’s insurance so that you don’t have to cover expenses out-of-pocket if something gets stolen.

8 Invest in Quality Items

Whether you’re buying clothes, electronics, makeup, a car, or anything else, it’s always better to dole out extra cash upfront for a high-end product that will last longer. Although you may be hesitant to buy an expensive pair of leather shoes, they’ll last longer than several pairs of cheaper shoes. So make wise purchases in order to avoid needing to buy the same things over and over.

Andrea Smith is a 30-something mother of three. She’s become an expert in frugality throughout the last few years, and enjoys passing along what she’s learned.

If you’ve got a money saving tip, some advice, or ideas you think our audience would be interested in, then we’d like to hear from you. Now you can write for DailyMoneySaving.

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Daily Money Saving is a community built around the notion that saving money is good. We offer free articles and information on all aspects of personal finance including debt reduction, how to save money, how to make money and how to invest.

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One comment

  1. Great tips ahead. Id like to thank you to all our contributors for sharing great tips and ideas that will all help us to save money and leave a healthy and prosperous life.

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