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Ways To Have More Money This Year

ways to have more money in 2015A week off can really do wonders. Although I was only visiting family in Kentucky and not soaking up the sun in some tropical location, it was nice to have some time off. I had lots of time to think about this year and what I hope to accomplish. So as a reflection of my recent week away, I’d like to share how I believe we can call have more money this year.

Stop Buying Into The Expected Mindset

A big problem for many people is that they can’t escape the expectations of their friends, family, or even society in general. Most people in the United States live in some sort of debt that comes from living above their means. I can’t tell you how many people I saw last week who were lamenting about not having enough money but recently bought a new iPad, a new TV, a new car!! If you don’t have money, stop buying new things. Just because all your neighbors have one, doesn’t mean you need one too. I know this sounds like 5th grade mentality, but believe me, adults are just as bad as adolescents when it comes to instant gratification. Until you accomplish this, there is no need to go on down the list.

Learn More DIY

It seems that whenever we go visit my family, there is some sort of electrical or appliance malfunction. Last Christmas, the dryer died while we were there. This year, it was the ice maker AND a light fixture in the kitchen. I’m not picking on my Mom at all, but the first thing she did was call the repairman. The light is shot and will have to be replaced, but the ice maker just had a stuck piece of ice that was causing it to shut down. It took the repairman all of 3 seconds to fix it, and that was $40 down the drain.

I felt really bad because we could have probably just Googled the problem and fixed it ourselves, but I didn’t say anything because it wasn’t my house. I wonder how much money most families waste by calling the repairman at the first sign of trouble. Now, if I have sparks shooting out of something or a flood happening, I won’t be able to call the man fast enough, but maybe try looking online if the problem isn’t an emergency.

The same goes for basic upkeep and maintenance. I have been putting off some painting because I don’t want to do it myself, but I need to just suck it up. A little elbow grease allows you to keep much more of your money.

Cut Back on Personal Care

I often wonder what it was like back in the olden days when there weren’t millions of products marketed to keep us smelling and looking good. I guess people probably had B.O., wrinkles, and gray hair! While I’m not a fan of any of those things, I don’t think you need to spend a fortune on personal care.

I started coloring my own hair last year, and after some practice, I think I’m as good as the salon. It costs $7 instead of $80. I replaced my beloved Aveda conditioner a few years ago with one from Dove. I still love Aveda, but at $26 a bottle vs $5 for Dove, it isn’t worth it. I don’t get manicures. I don’t use perfume. I use Oil of Olay and very little makeup.

I’m not saying you have to cut out all personal care, but if you shell out big bucks to look good, there is probably a better way. I honestly don’t think I look, smell, or feel very different from when I spent hundreds of dollars a year on upkeep. I challenge you to replace one expensive product or service with a cheaper alternative and see what you think.

How Many Clothes Do You Need?

After going almost a whole year without buying clothes, I’ve come to realize you really don’t need that much. Most people don’t pay attention to what you wear. I work in three different offices, so if I wear the same things every week but in different settings, it looks like I have tons of outfits! Even if you work in the same place every day, buy solids and basics. It’s easy to mix and match.

I did buy a few things between Thanksgiving and New Year, so I believe I’m set for 2015. Here is my challenge to buy no more clothes this year. Who’s going to join me?

Are You Spending Too Much On Your Kids?

Now is the perfect time to cut back on non-essential kid spending. At this time last year, we were doing three different activities; swimming, dance, and ski lessons. This year, we’ve cut back to one thing at a time. Not only are we saving money, we feel much less stressed. We have also taken advantage of after school activities at the library, which are fun and completely free.

Keep Yourself Healthy and Save on Food

I’ve heard people say that you can’t eat healthy on a budget, but that is 100% false. Maybe you can’t eat everything you want on a budget, but you can eat healthy. Frozen, pre-packaged meals are easy, but not less expensive. I don’t claim to be a good cook, but anyone can make simple, healthy meals from ingredients.

  • Buy what is on sale.
  • Make meals that can be used for leftovers or frozen. There are tons of recipes online if you have no clue.
  • Don’t waste food. Stir fry, casseroles, smoothies. There are tons of ways to use up things that are about to go bad.
  • Cut back on snack foods and processed things.

If you follow those guidelines, you’ll be eating more healthy and not wasting money on groceries.

The other part of the equation is to get moving. A week in the South always makes me want to go exercise. I know people claim to hate exercise, but I believe they haven’t given it a fair shot. I would almost guarantee that if you find an activity you can tolerate and do it regularly for a month, you wont’ go back to being sedentary. People who exercise feel better and spend less on health care problems. Don’t take my word for it, try it yourself.

 Making More Money

I always try to save when we can, but the ultimate way to have more money is to make more money. If you can’t do that at your job, it’s time to think outside the box. I brainstormed all kinds of ideas while I was off last week, everything from pet sitting to starting a new blog to teaching a class at community college. In reality, I probably won’t do most of those things because of time and the fact that we’re pretty happy with the status quo, but I know I could take on one or more ideas if I needed to.

I would encourage anyone needing more money to make their own list of very possible through long shot ways to make more money. Even if you only do one thing, even if you don’t like doing that thing very much, it’s more money in the short term to make long term goals possible.

What are your ideas to have more money this year? What is one thing you’ve cut out to save money that you really didn’t miss?

Image: Freedigitalphotos.net/Ponsulak

 

 

 

 

About Kim Parr

Kim Parr is a private practice optometrist, freelance writer, and personal financial blogger. You can follow her journey to 20/20 financial vision at Eyes on the Dollar.

28 comments

  1. To save money and to bolster my saving, I need to look for another side hustle and to look for efficient ways like learning more DIY skills like replacing battery and alternator and more skills like website designing. This year will be busy yet meaningful. Happy New Year Kim!

    • Happy New Year to you too. I would love to know more about car repair. That is certainly a black hole in our house.

    • To make some extra money on the side and have no vehicle, i started to deliver newspapers and flyers on the side. Ppl snort a bit when they find out i am doing this as pay isnt great, but at least i dun have to spend gas to go work it and every bit of money adds up.

  2. Cable and Satellite! Drop them and pay CASH for a new car every 10 years. This calculator shows that and more good savings http://nypost.com/2015/01/03/overpaying-for-college/

    • Cutting satellite TV was one of the best things we’ve done for our bottom line.

    • Why, oh why, a new car?? Overcoming the new-car habit/addiction is one of the most powerful things anyone can do to seriously lower living expenses and accelerate the journey to financial freedom.

      I drive a 1996 Dodge Dakota. My wife drives a 1998 Subaru Forester. Both were bought cash when they were already 5-plus years old. The 2 cars combined have 380,000 miles on them. They drive great and are super reliable.

      We’ve calculated that beating the new-car habit reduced the size of the nest egg we needed to retire by $300,000. And that is not chump change!

  3. It’s funny the ideas you can come up with after some time off and spending it with extended family – isn’t it? 🙂 We’re pretty much status quo this year, but definitely agree on the outside the box thinking and finding ways to save. The conversations we have with family members alone as to why they don’t have money when they just spent money on something not needed alone is enough to keep us motivated to stay on path.

  4. My plan this year is to save money by cutting food expenses (go semi-vegetarian, eat out less) and to make more money by killing at my job while looking for new opportunities.

    • I love to eat out, but it is a budget buster. I’ve found most things I can make just as well at home, but it’s always nice to have someone wait on your and clean up the mess.

  5. I’m probably the only one in the PF Universe who could probably stand some new clothes! But even still I won’t buy any until there is room in the budget for it and right now…
    My other big goal is working on reducing my grocery budget. I still find this to be an incredibly challenging area, especially because I’m always, I mean always hungry. I’m like a teenager! 🙂

    • It’s all that exercise. You have to feed the furnace, right? Here’s hoping your budget allows for a few new clothes this year.

  6. This year I’m going to work on making more money and saving money on food. I’ve been doing pretty good on the other topics you mentioned, but I want to increase my income and the only way to do that is to make it happen… it won’t happen on its own.

    • No, you’d have to be incredibly lucky to have money just jump into your hands, but you can make it happen with hard work and motivation.

  7. Stop buying into the expected mindset is so key. And what I have found is that most adults are unaware they even do this. Some will argue vehemently that they don’t play keep up and the next day buy a new car they can’t afford because a sibling, co-worker or friend bought a new car. I could probably stand to cut back a bit on the personal care area but I’m pushing the big 50 and seem to be spending more than less! 🙂

    • I have no problem with spending on personal care if you can afford it. I know so many people who are really not doing very well financially, yet they still shell out for manicures and haircuts. That is one easy thing to cut back if you are struggling. I guess it goes along with the mindset and the whole issue of not understanding wants vs needs.

  8. Love this post! We plan on drastically cutting back this year and I am excited about it. More time spent enjoying life and less time spent worrying about material things.

    • Enjoying life ranks pretty high on my list and it’s funny how you can enjoy it so much more when you take the need for more things out of the equation.

  9. I am with you Kim, after taking time off, I really feel like I am in a great place mentally. For us, last year we spent a lot of time and energy finding ways to cut costs and this year we are looking for more ways to make money. I plan to grow my business this year so this will be a large focus for me. My hubby wrote a textbook that he has never really marketed, so that will be his focus.

    • Good luck with both ventures. I’m sure if you could get a school district to buy into your book, that would be pretty lucrative.

  10. Well Kim, I think you hit on a lot of the ideas that people can take and apply to their lives to save more money. I really like this quote -> “If you don’t have money, stop buying new things.” So simple!

  11. I’m going to be cutting out my TV subsription and I hope to spend only a limited amount on clothes, etc. Great ideas! I’m also working to increase my income too.

  12. DIY is big to me. Nothing frustrated me more than hearing about my grandmother calling a handy man to come take care of a chore for her while we still lived close. I can respect that she can’t do it herself. But if she could wait more than five minutes to get it taken care of, we’d likely have come to do it for her. But just ten minutes was too long for Her to wait.

    I’m also on board with no clothes for 2015. My only purchases on 2014 were maternity clothes. It’s rather inconvenient to have pregnancies in completely opposite seasons!!

  13. I also don’t plan on buying any clothing in 2015, like Mrs. Frugalwoods, so I’ll definitely join you in your initiative. I plan to focus on the couple of goals that I set for myself this year, enjoy some travel, continue to work well for my money and live in the moment a lot more.

  14. Definitely working on reducing the food budget. We seldom eat out 2 or 3 times a year and then mega frugal. I want to get the monthly grocery bill at $200 or less. It is just the two of us but the man is a meat eater so it may take some creativity on my part to get it down and not have a major revolt. 😀

  15. Thank you for sharing the article. It’s very useful. Hope to hear more from you.

  16. Like Jayson mentioned, this year I’ve been trying to get more in DIY car repair. Not only am I saving money on mechanics, but I’m trying to buy used auto parts. I like feeling more independent, too. It’s all much easier than I expected, too! It’s definitely a good skill to work on.

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