HOME > BLOG > Budgeting and Saving > How being a penny-pincher can pay off

You have probably heard all the usual budgeting tips to save extra money, but have you ever thought about trying these penny-pincher ideas?

Some of these ideas may sound extreme, but they have the potential to save you quite a lot of money over time. How thrifty can you be? 

Buy in bulk: You may think that buying in bulk is a bit extreme, but you can really save a lot. If you don’t want to fork out for a full pallet of toilet paper or paper towels, ask your friends if they want to split the order to help keep the amounts a bit smaller. Plus you won’t have to go shopping as often, saving both time and money. 

Set your air conditioner just a few degrees higher: Even if it is 40 degrees outside, setting your air conditioner to 19 degrees will not only cost you more, but it is not good for the air conditioner. You will stay just as cool by setting it to 24 degrees and you’ll save money. 

Avoid peak hours: Did you know that there are peak and off-peak energy hours where you will be charged accordingly? Just by running your dishwasher and washing your laundry while you sleep, you can end up with a lot more money in your pocket. 

Shower at the gym: If you have a gym membership, take advantage of their facilities and shower there after your workout. It may not be as glamourous, but it’ll help reduce your water bill. 

Clothes swap: Updating your wardrobe can be an expensive job and you’re not alone. Get your friends and family together and ask them to bring all of their clothes they don’t want anymore and have a clothes swap. It’s a great way to find some new outfits without having to spend a cent. You can even turn the event into a girls night in with a potluck party and movie, saving even more money on going out.

Shop for food online: Impulse buying is what can hike the grocery bill up each week. By shopping online you can just select the items you need and have it delivered to your door. But remember, depending on how much you spend, you may have to pay a delivery fee. 

There are also great discount sites, such as groceryrun.com.au, where you can buy certain grocery items for a fraction of the price as you would in store. 

Consider being a model: Whether you need your hair coloured, a manicure or require other beauty services, you’re likely to get it free (or heavily discounted) if you go to a stylist in training. There are plenty of hairdressers or beauty therapists who need people to practice on and are willing to do it for free. 

Keep an eye out for free stuff: It is possible to find free stuff! People often advertise their possessions for free on websites such as Gumtree, you just need to look for it. If you love a DIY project, this could be a great way to make extra money. For example, you may find an old desk or couch that you can re-vamp and then sell for a profit.

Samples, samples, samples: Don’t you love a free sample? Free samples are a great way to try before you buy, but they can also save you money. For example, if you are given free shampoo samples, you can keep these in the spare bathroom for guests, you can keep free perfume samples in your draws or cupboards to keep them smelling fresh. 

Free toiletries: Next time you go on holiday, don’t forget to stock up on the toiletries from the hotel bathroom. They may only be mini, but they are perfect to have for when you go stay at other people’s houses or go camping. If you stock up enough, you may hardly ever have to buy shampoo again.