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August 20, 2020

7 Small Ways to Save a Little

By Lil

Changing just a few small habits can help you save up to $1,000 a year, and it won’t even feel like you’re doing anything. Oh and it will help the planet too!

Another day. Another dollar. That’s the work motto of a freelancer’s life. But what about the savings part? Saving one dollar a day may not feel like much. But that’s $7 a week, $365 a year, $3,650 a decade. Save $2 a day and you’ll get there twice as fast. Changing just a few small habits can help you do that, and it won’t even feel like you’re doing anything! What better way to afford a trip to Paris or a new computer or to start an emergency fund.

 

 

Save at the pump

Many gas stations charge 10 cents less per gallon if you pay cash. With a 10-gallon tank, that’s $1 right there. And since Lili offers free cash withdrawals at 38,000 ATMs across the US, that’s a net saving right there!

 

Keep your tires full

Another car trick: the US Department of Energy estimates that by keeping your tires properly inflated you can save up to 1 cent per gallon. Those miles add up!

 

Use reusable

Most grocery stores in the US will give you a 10 cent discount per reusable bag you bring to carry your groceries. Bring ten bags (produce bags count as well!) and that’s $1 back in your pocket per shopping trip. Also, Planet Earth thanks you – she’s not a fan of plastic bags. Note: when COVID is behind us, the same will be true again for coffee shops and reusable cups.

 

Turn it up or down

The Department of Energy says you can easily save 10% of your electricity bill by adjusting your temperature by 7º to 10º F at night or when you leave the house. Open the window in the summer or add an extra blanket in the winter, and save while you sleep! 

 

Make the LED move

Many electricity providers highly recommend you change all your light bulbs to LED. While a traditional incandescent bulb uses 100W, an LED bulb providing the same amount of light only uses 10W. LED bulbs also have a longer life, so you won’t need to go back to the hardware store for a few years.

 

Turn off what you don’t use

Many electronic devices (DVRs, computers, TV sets…) keep drawing power even when they’re off or in standby mode. Plug them to a power strip that you can easily turn off when you leave the house. 

 

Call your providers

Cellphone, internet, cable companies often readjust their rates to stay competitive, so make sure you call them at least once a year to see if there’s a better rate available for you. Tip: if you pay your bills with a debit card (instead of a credit card) they usually offer you a small discount.

 

And that’s how you save money while reducing your carbon footprint. Everybody wins.

Banking Designed for Freelancers

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