How to Make Money With Online Stock Trading

This post is sponsored by Blue Anchor, but all opinions are my own.

Most of us have heard of online stock trading, but to many, including myself, it seems too intimidating to even begin learning about. Well, my friends, it is time to change that.

Online trading is nothing to be afraid of. Like any investment, it has some risk, but it also offers a lot of opportunity to make money.

If you are at the point in your financial journey where you are ready to begin investing in the stock market, online trading can be a great option for you. Whether you’re looking to just cushion your monthly budget, save heavily for retirement, become a full-time trader, or enjoy a little bit of extra liquidity, online trading is something to consider.

In order to avoid any costly mistakes, you need to be sure to do adequate research to ensure you will walk out profitable. Here are a few things to consider when diving into the world of online trading.

Part or Full Time?

First, it’s important to decide whether you want to trade in your spare time or if you are looking for a full-time position. In most cases, it is better to begin slowly. Don’t forget that it will take a considerable amount of time to learn the nuances of the markets. Rushing into things too quickly increases the chance of a costly mistake. Have a game plan and stick to it. If you do choose to trade full-time, be sure that you are prepared for losses which will inevitably occur periodically.

Know Your Sector

Online trading encompasses a wide range of underlying assets to choose from. A handful of examples here will include:

  • Currencies
  • Commodities
  • Indexes
  • Treasuries
  • Stocks

Specific sectors may be slated to perform better than others during a certain time period. For instance, some claim that the dollar is set to rise while the euro and the pound will remain sluggish. Once a specific asset is adopted, it is best to focus upon both its technical and fundamental aspects in order to appreciate the mechanics behind any movement. This is one of the best ways to sneak your foot in the door without taking unnecessary risks.

Learn About Margins

Many online articles which claim that they offer the secret to sustainable wealth will often mention leverages and margins. The appeal to the average investor is that only a small percentage of a trade needs to be allocated into a position in order to enjoy massive profits. Always remember that the reverse is just as true. Leveraged trades can result in significant losses that could far outweigh the initial investment. Those who are beginners should avoid these strategies until they become more experienced and can spare excess capital.

Choosing the Right Platform

Modern technology has provided investors with countless different online trading platforms to choose from. Some are naturally better than others. It is critical that each provider is examined in detail so that you can make the best choice for you. A reputable provider should include:

  • An intuitive and user-friendly design.
  • Access to a host of underlying assets.
  • The ability to employ cutting-edge analytical tools.
  • Live news feeds and accurate pricing data.
  • A mobile-friendly design.

That’s why I recommend CMC Markets. It is functional, yet easy to use and understand. Thanks to modern systems, traders can be assured that they are receiving only the most relevant information when the time is right.

More Than Meets the Eye

Successful trading involves much more than predicting the movements of a holding based off of charts alone. Many other factors need to be taken into account. Politics, the economy of a region and interest rates set by central banks are three key areas to keep in mind. This is another reason why being able to access a wealth of resources will dramatically increase the chances of walking away a winner.

Never forget that making money through online trading will take time. Patience, education, and understanding are all virtues needed to do well in online trading.

10 Ways to Avoid Lifestyle Inflation

Awhile not all lifestyle inflation is necessarily bad, it certainly can wreak havoc on a budget if you aren't careful. Here's how to prevent lifestyle inflation.You may have heard the term “lifestyle inflation,” but if you haven’t, lifestyle inflation is when you start buying more to support a more lavish lifestyle. This could happen as you get older or as your income increases.

Awhile not all lifestyle inflation is necessarily bad, it certainly can wreak havoc on a budget if you aren’t careful. Another danger of lifestyle inflation is that often time, people’s desired lifestyle costs more than what they make, resulting in credit card debt or other forms of debt.

These certainly aren’t rules, but rather guidelines on how to keep your lifestyle in check. So here are 10 ways to avoid lifestyle inflation.

1. Forget About the Joneses

Keeping up with the Joneses is dangerous to you and to your budget. We all have moments of impulse where we see what our friends and neighbors have an we want it. For me, when I look at my friends, I want to travel more, buy a house, and eat out more. But these are all things that, though I feel confident I can do someday, would bust my budget right now and honestly aren’t my top priority at the moment.

So ignore the Joneses and do what’s best for you. Make your money work for you and trust your gut with timing. You might not be able to afford everything your friends have right now, but you can make it a goal to work for it and save for it for the future.

2. Trust Your Budget

Your budget is in place for a reason. It’s because it works for you.

Many people consider budgets to be confining, but have you ever thought about how much freedom a budget actually allows you?

If you budget properly, you’ll have more money to spend how you want. If you can control “boring,” but necessary expenses, like the electric bill, rent, groceries, and debt, you’ll have more money left over at the end of the month. Then you can actually choose how to spend that money in a way you want.

3. Allow Yourself Limited Inflation

It can be challenging to keep living like a broke college student years after you graduated, and it’s okay to allow yourself a little inflation. But you have to decide what your priorities are.

For me, when I finally broke free of the “broke college grad” stage, I started purchasing much healthier and more wholesome foods, as well as buying a few minor decorations for my apartment. It didn’t cost a ton, but it helps me to keep going with my budget.

If your budget allows, give yourself some sort of small luxury. Maybe you will allow yourself to go to a movie once a month, or a night out with friends every so often, or a gym membership. Whatever it is, make sure it 1) still fits within your budget and 2) is something you truly value.

4. Have a Plan for All Extra Money

When you have extra, unexpected, income, what is your plan for it?

While you can’t expect to get a tax return, inheritance, or birthday money, it doesn’t hurt to commit to putting extra money towards savings or debt.

This also goes for making extra money. I committed to putting any extra money through blogging and freelance writing towards debt. I don’t allow myself to use this money to inflate my lifestyle because honestly, I work HARD for that extra money and I don’t have to do it. I would hate to see my hard work be wasted on frivolous purchases. I am buying my financial freedom with that money.

In addition, any extra money, like gifted money from the wedding, tax returns, or extra paychecks go to our debt. When you get a large chunk of unexpected money, it can be so tempting to spend it, so planning what you will do with that money ahead of time prevents lifestyle inflation.

5. Keep a Running List of Wants and Needs

Keeping a list of wants and needs helps you to prevent impulse purchases.

For example, you might really want to go on a vacation to France. With vigorous savings and planning, that could totally happen. But when your friends try to get you to go on a trip to Hawaii, you’ll have to make a choice between what you want and what your friends want.

And when you keep a list of your needs, you’ll be able to better prioritize your spending. You’ll find yourself often having to pick between wants and needs, which will keep your finances in check.

6. Sell Items Frequently

Look around your house. How much stuff laying around don’t you use?

Take the time to frequently audit your possessions will remind you how much you already had. It will promote a minimalist lifestyle and show you that, frankly, you likely already have everything you truly need.

Plus, selling your items is a nice way to earn a little cash to pad your emergency fund or pay off debt!

7. Decide if Luxuries or Convenience is More Important to You

There are different types of lifestyle inflation. You can buy more luxury items – like furniture, fancier clothes, vacations, or cars, or people tend to splurge more on convenience items, like eating out, time-saving apps, or delivery services. While I don’t allow myself many big “luxury” inflations, I have allowed myself to purchase some convenience items because my time, though it has become more important, is less.

Convenience purchases, to a point, can be a reinvestment back to yourself. I personally would so much rather spend money on something that saves me time or makes me feel better versus buying something luxurious just to have.

My most recent convenience purchase was an upgraded iPhone. As a blogger, I constantly rely on my phone to conduct business, and my old phone ran out of storage and no longer supported my needs. So this was a luxury that was worth the cost to me.

8. Know Your Bare-Bones Budget

While this hopefully isn’t the budget you have to rely on every day, I always keep a bare-bones budget in the back of my mind. This is the budget I would switch to if I ever lost my job or came down with a serious illness or emergency.

It’s important to keep this budget in mind because at some point in your life, you won’t be able to afford luxuries. So how can you keep your lifestyle in check?

Think about someone rich who lives lavishly. They could make a million dollars a year. But if they lost their job tomorrow, could they support their current lifestyle for very long? Probably not.

This is a case for not ever increasing your lifestyle too quickly. While you don’t need to be a cheapskate all the time, it’s important to limit your lifestyle to something you can afford no matter what life throws your way.

9. Advance Your Savings Goals

When you receive a raise or lump sum of income, how do you spend it? Do you automatically consider how you could increase your lifestyle?

I’m challenging you to instead, focus on increasing your savings. There is always a case for saving more money. It doesn’t make much sense to continually fund a more lavish lifestyle while you keep your saving goals the same.

Remember, as you earn more and your lifestyle increases, your savings goals must as well.

10. Remember, Personal Finance is Personal

Everyone has drastically different financial situations, and your money is yours. Don’t let anyone tell you how to spend it!

If you don’t care about buying a house ever, then don’t buy one. If you make $500,000 a year, but choose to invest all of it while not increasing your lifestyle at all, more power to you.

And that goes for me as well. These are all tips for avoiding lifestyle inflation, because I believe we all should live somewhat below our means. But don’t think I’m trying to tell you how to spend your money! Your situation, values, and needs are so different from mine or anyone else’s. So do what’s right for you, but also be mindful about how much you’re spending on creating a lifestyle for yourself. Because having a great life doesn’t need to cost a ton 🙂

—————————-

Have you ever been tempted to increase your lifestyle? Any other tips on how to avoid lifestyle inflation? Drop a comment below!

How to Make More Money At Your Full-Time Job

Do you feel stuck at your current salary? Here's exactly how to start earning more at your 9-5 job.Who doesn’t want to make more money at their 9-5 job? It’s common for people to feel like they aren’t being paid enough for what they do at work. Sometimes, though, instead of doing anything to try to earn a raise, people feel stuck with what they are making.

Clearly, companies are trying to get the most bang for their buck. If you’re okay with an annual 2-4% raise, your employer could continue that pattern every year. While you probably shouldn’t make a big stink and complain to your employer about your current salary, there is plenty that you can do to prove you deserve a raise and actually get one.

Here’s how to make more money at your 9-5.

1. Know Your Worth

It’s hard to know what you want your salary to be if you don’t know what is realistic. Salaries depend on many metrics, including years of experience, where you’re working, what industry you work in, job title, location, and education. A lot of people have a salary in their head of what they would like to be paid, but unfortunately, that is often unrealistic.

Continue reading “How to Make More Money At Your Full-Time Job”

Have you ever wondered if it was possible for you to make money by freelance writing? I’m here to show you how, and why, you can start your own profitable freelance writing business. Get my free guide here!

How to Start Your Own Profitable Freelance Writing Business

Have you ever wondered if it was possible for you to make money by freelance writing? I’m here to show you how, and why, you can start your own profitable freelance writing business.

Freelance writing is appealing for a number of reasons. It gives you an opportunity to earn money while working from home on your own time. It pays well and if you enjoy writing like me, it only makes sense to get paid to do it!

I started TLB the summer of 2015, but it wasn’t until March of 2016 that I actually committed to blogging regularly. I started the blog simply to blog. I never thought it could ever lead to me making money, especially in such a short amount of time!

Since March of 2016, I have gone from making 1 cent from this blog to making a few hundreds of dollars a month – and my business is still growing.

I couldn’t have gained freelancing clients if it weren’t for my blog, so I consider my freelancing income as part of my blog profit.

While I have zero intentions of turning my freelance writing business into a full-time job as of now, it’s extremely comforting and exciting to know that I could fairly easily turn this into something more if I wanted to. In the meantime, however, I am too excited about where my day-time career is going, so freelancing will remain a fun side hustle.

If you aren’t yet convinced, here are more reasons why you should start freelance writing:

  • Extremely low startup cost – pretty much just need a computer and internet!
  • Work in the comfort of your own home
  • You choose your projects and work
  • Strengthens your writing skills
  • Writing skills are extremely transferable to any job
  • Make money!
  • Create a business on the side for more job and income security

So did I sell ya? Here’s my guide on how to start your own successful freelance writing business.

Decide on your niche

If you’re considering freelance writing, it is assumed you have strong writing skills. While you may think you have the ability to write about any topic under the sun, I caution you against that.

Clients want to hire experts in their field. They want to hire people who are just as passionate about the topic at hand as they are. By choosing a few niches, you are automatically making yourself look more skilled.

Obviously, my niche is personal finance and career. I also have experience in travel writing and legal press releases (from my full-time job…more fun than it sounds!) While I mention my experience in travel and legal writing to those interested, I will continue to primarily advertise myself as a personal finance writer.

Create a business plan

To be honest, the opportunity to get paid to write kind of fell in my lap. I didn’t have a business plan, but since I’ve gotten more writing gigs, I’ve started working on mine. Learn from my mistake and start your business plan “write” off the bat (ok sorry for the pun. It was TOO good.)

Like I mentioned above, the best part of freelance writing is that there is extremely little overhead. You probably don’t need to rent office space, buy a brand new computer, or pay for much inventory. So don’t be intimidated by writing a business plan, even if you’ve never written one in your life. Freelance writing will start off as a one-person show. You won’t have investors or anyone to present your business plan to, so it’s okay to be extremely simple. But you should write a business plan to create a clear picture of your company to yourself and your clients.

A simple business plan for freelance writing could include:

  • What is your company and what does it aim to do?
  • What services will it provide and to whom?
  • How will you market your services?
  • How will you charge and collect money for your services?

Having a business plan will save you a ton of time and confusion. Once you understand your business, you’ll set yourself up for success when finding clients to hire you.

Start a blog or website

I can’t stress this enough. My clients have even said they wouldn’t hire anyone without a blog or website and it makes total sense.

Clients want to be able to see living examples of your work and they want to know that you are technologically savvy enough to put up with the demands of virtual writing.

Having a blog in your niche shows that you have current knowledge of your topic and that you understand how to write articles that people want to read! It helps potential clients understand your style of writing and who you are as a person.

If you aren’t sure about the whole blog thing, at least consider starting your own professional website. Make sure the design is aesthetically pleasing and that it is accessible and easy to navigate. You’ll want to include examples of your work and provide potential clients with an easy way to contact you.

Reach out to clients

With millions of websites and blogs out there, you can’t just sit back and wait for people to stumble upon your freelance writing business. You really need to work for those first few clients.

Think of who might need your services. Are they companies? Bloggers? Make a master list of potential clients and their contact info.

If you are regularly commenting on blogs you would like to write for, it’s easy to just shoot the blogger an email saying you enjoy their work and to keep you in mind if they are looking to hire writers. Having natural relationships with other writers is incredibly helpful for more reasons than finding work!

If you’re reaching out to large companies and websites, however, you likely do not have a direct contact. These are big-time businesses, so keep it professional. Simply find a contact form and send a professional email, stating that you are a follower of their work and that you would like to be considered as a contributor and why they should accept you. If you have links to any work, include a few.

If you’re not feeling super confident with reaching out to larger companies, focus first on scoring some smaller clients. They are more likely to work with you and teach you a few things and give you references to other clients.

But whoever you are emailing, make sure it is written well and always err on the side of professional. Even as a small blogger, I get emails from writers that start with “Hey,” and have a ton of spelling errors. Not a good look!

Keep in mind that you will face rejection a lot. It isn’t fun, but not everyone is always hiring freelance writers, or they may have a different budget. You have to keep trying and once you score one, the rest come easier!

Have a service mindset

Freelancing is NOT EASY. There are strict deadlines and it’s up to you to create contact. If you’re not an organized person, it can be challenging to cater to multiple projects and deadlines.

So above all, remember to only take on what you can provide exceptional service for, and make sure the client is a good fit for you. One of the best parts about being a freelancer is that you can choose who you want to work with.

It might be tempting to take on a ton of jobs and clients who either aren’t writing about a subject you are knowledgeable in or who are very demanding to work for. Don’t chase the money! Only take on what feels right and what you can do well. For example – I personally would never, ever take on a sports freelance writing project. Because I. Know. NOTHING about sports! I would waste my time trying to research the topic and be disappointing to the client. I wouldn’t be delivering exceptional service and my career would suffer.

As you gain more clients, keep in tune with their needs and wants. Some clients may want you to check in often, while others may want you to charge ahead with little direction. If you’re not sure what they prefer – ask! Ask all your questions ahead of time so they are out of the way. You will want to ensure you both are on the same page moving forward.

Understand the business side

Freelancing should be run like a business. You need to dedicate time to the financial side of your business, the marketing, and customer service.

You’ll need to develop a process. How will you organize conflicting deadlines? How will you invoice clients? How will you deliver your writing?

As far as the financial side goes, keep in mind – you likely are not paying taxes on whatever you earn, so you will be responsible for your own quarterly taxes! This means you will have to pay money in taxes every quarter, so it’s important to save your earnings. The last thing you want as a freelancer is a hefty tax bill!

DC over at Young Adult Money wrote this amazingly helpful article about freelance taxes – check it out!

To keep track of my freelance finances, I personally have my own Capital One 360 savings account, where I put all of my freelance earnings. I also put my travel fund, wedding fund, and emergency fund all within my Capital One 360 savings account, which is why I love it so much! Use my referral code and get $25 when you open an account with at least $250 in it.


My personal experience with freelance writing has been amazing. I honestly had no idea I could grow the beginnings of a business from home so quickly.

The fact that I can pick my own clients, make money from home, and create my own schedule while having almost no overhead makes freelancing a fun and profitable business. I love that I can grow it as much as I want…it’s very empowering!

What to Do When You’re Broke, Indebted, and Scared

Have you ever looked at your finances and actually become terrified? Wondering how you’re going to pay your next bill? Not sure how you can pay off bills and debt?

You are not alone.

 

If you’re in a bad situation, it’s okay to freak out. But after you freak out, take one minute to remind yourself that you CAN take control of your finances.

Don’t do anything drastic.

Being in a tough or disastrous situation is depressing. Utterly depressing, and I don’t blame you. But I assure you – there is help and you are not alone.

Talk to someone. It doesn’t matter who, but talk to a trusted source. Let them know you’re in a sticky situation financially. Let them know you’re sad, angry, scared, anxious, suicidal or whatever emotion you may be feeling.

People do care about you. If you think they don’t, you are lying to yourself. Someone will listen and help you, or get you the help you need.

What would your life be like without financial burden?

Now that you’ve talked to someone, really take some time to imagine what your life would be like if you weren’t in a financial hole. Write down some realistic goals. Create a vision for yourself. Examples could be:

  • I want to find a job to make $5,000 more a year by this time next year.
  • I want to start a side hustle to earn money to supplement my income.
  • In one year, I want to be free from the burden of credit card debt.
  • In three months, I want to have $1,000 in my emergency fund.

Writing down attainable goals shows you the light at the end of the tunnel. It’s okay to sit in misery for awhile, but then you gotta get moving towards the goal.

You can get out of this hole. You can meet your financial goals, and have so much more. But it’s up to you to realize that.

Make a plan.

No matter where you are financially, you can get out of debt. Getting out of debt has two parts:

  1. Cut your spending.
  2. Increase your income.

You can do one without the other, but to get out of debt the fastest, you’ll want to look at how you can do both.

Look at your expenses. What can you cut? Can you cut out any subscriptions, like Hulu, Netflix, or gym memberships? How can you cut your budget to the minimum?

Next, look at increasing your income. Can you take a second job, start blogging or freelance writing, or start another side hustle?

Commit.

In order to get out of debt, you have to commit to changing your habits. You can’t keep living like you have been in the past – that’s how you got into debt in the first place. You have to commit to change.

I have so many friends who are in a huge hole financially, and they know they need to get out of debt. They might even know what they should do, but they refuse. They think they’re above taking another job, or too lazy to cut their spending habits or even create a budget. End of the story is they never get out of debt.

If you’re in deep debt, you have to swallow your pride. If you’re serious about taking control of your financial situation, you have to consider some big moves. Would moving back in with your parents save you money and allow you to focus on debt repayment? Should you take a second job to pay off debt faster?

The answer is likely yes. You aren’t “above” any of this.

Getting into debt is easy, but getting out of debt is difficult. You’ll want to give up, but keep going. You can’t just quit on your debt.

Surround yourself with a support system. Keep yourself busy so you are less likely to spend money. Educate yourself by reading books and blogs.

______________________________

You have the power to get out of this situation. It will take time and hard work but you can do it.

What advice do you have for someone getting out of deep debt? How did you personally do it? 

50 Ideas to Save Money

Are you stuck in a rut with budgeting? Need to make some wiggle room, but not sure how? Sometimes you just need to get a little creative. Here are 50 ways to save money.

1. Cancel subscription box services. Boxes like Ipsy and Birchbox are fun, but they are not sending you products that you actually need. Cancel them and buy products on your own to save money.

2. Make your own cleaning supplies. Did you know you can make your own eco-friendly cleaning supplies for pennies? Here are some recipes.

3. Meal prep for the week. Preparing meals ahead of time saves time, money, and is healthy!

4. Use Ibotta, a coupon app. Ibotta is a fun rebate app. Check it out and get $10, free! (I don’t sponsor Ibotta, I just love the app!)

5. Cancel cable. TV is a bad habit that costs thousands each year. Why not make it a resolution to cancel it?

6. Look into cell phone alternatives. Prepaid phones are a cheaper option, but if you’re glued to your iPhone, look into switching carriers for the best deal.

7. Skip a salon session. Salons are NOT cheap. Hold off on getting your hair done for as long as possible to save major bucks.

8. Unplug devices not in use. Did you know devices that are plugged in, but not turned on still use energy? It might be difficult to unplug everything daily. Use a power switch and turn it off when you leave the house.

9. Turn off the lights. Like devices not in use, leaving the lights on costs you money.

10. Adjust the thermostat. Turning the temperature up or down a few degrees makes a huge difference in your energy bill. Get a programmable thermostat for the most comfort and money saving ability.

11. Pay off your credit card. Paying off your credit card saves you big bucks in interest.

12. Sign up for fuel rewards. Most grocery stores or gas stations have some sort of fuel rewards program. Though gas is low now, it’s always a good idea to save money.

13. Sign up for grocery store saver card. Score great deals by taking 5 minutes to sign up for a grocery store saver card. It definitely  helps!

14. Make shopping lists. Shopping with a list ensures you don’t buy extra items and that you bought everything you needed, eliminating the need for a return to the store.

15. Bring your lunch to work. Packing your lunch for work saves time, money, and is way healthy.

16. Utilize free-shipping with Amazon Prime. Instead of making long trips to the store, purchase Amazon Prime and buy items to be shipped to you for free.

17. Cancel your gym-membership. Gyms are a costly reoccurring expense. Cancel it and get creative with your workouts.

18. Walk/bike instead of drive. If you are able, walk or bike to nearby places to save money and get in shape!

19. Buy generics. Sometimes generic items aren’t the best deal. See which items I always buy generic.

20. Drink for cheaper. How can we as adults have a social life, but not spend all of our money on booze? Here is my advice on how to drink for cheap.

21. Use a rewards credit card. Credit cards can actually save you money if you’re careful with them. I use a travel rewards card to earn points to use for free flights!

22. Evaluate your car insurance provider. Car insurance rates tend to go up, so make sure you’re shopping around for the best option for you.

23. Make multiple student loan payment a month. By splitting your student loan payment into multiple payments, you save a little on interest each month. Read how I do that here.

24. Connect to wifi. Data usage is expensive. Make sure you are connected to wifi as much as possible.

25. Make coffee at home. Ya’ll know I love Starbucks once in awhile, but I definitely have it on a treat basis, not daily. Make coffee at home for pennies versus the $4.00+ you will spend at the coffee shop.

26. Make your own snacks. Granola bars, cookies, and dried fruit all make great snacks, but they add up in costs. Look up recipes to make your own, healthier options.

27. Switch to oatmeal instead of cereal. I’ve talked about my love of cereal before (embarrassing) but the convenience of it adds up! I have been trying to switch to oatmeal with peanut butter. Not only is it dirt cheap, it is way more filling and has less sugar.

28. Eat vegetarian. Meat is expensive. Cutting it out even one day a week (meatless Mondays, anyone?) saves money.

29. Cancel your tanning appointments. Okay, if you’re tanning still, please, please stop! They are costly, a waste of valuable time, and obviously have the potential to seriously harm your health. A bottle of sunless tanner is way worth it if you feel like you have to be tan.

30. Carpool. Ride share as much as you possibly can to save on gas and wear and tear on your car.

31. Negotiate your internet bill. As a blogger, I have to have internet, but I make sure to keep an eye on my bill, which always seems to creep up month after month if I don’t call them.

32. Go makeup free. Wearing less makeup saves money and keeps your skin healthy.

33. Switch to reusable towels and plates. Be eco-friendly and save money by using dish towels instead of paper towels. Buy cheap, reusable plates from Target instead of paper plates.

34. Do a closet swap with your friends. Many times, I shop because I am bored of my wardrobe. Get some friends in to do a closet swap to trade clothes items and save on shopping.

35. Swap body wash for soap. Simple body soap is so cheap, while body wash costs a lot more for less product.

36. Cut dyer sheets in half. This is probably the most frugal thing I do, and my fiance always teases me for it, but I cut dryer sheets in half. I haven’t noticed any difference in the softness of my clothes by using only half a sheet. Another option is those dryer balls. Has anyone used those? I’ve heard they are noisy :/

37. Make your own laundry detergent. Laundry detergent is pricey! Once I finish the detergent I have, I plan to try making my own with a recipe I found online. It literally costs pennies in comparison and is way more eco friendly! I’ll let you know how it goes.

38. Google coupons before you buy  a product online. Before I buy anything online, I always try to find a promo code for a discount. You would be surprised! I would say 70% of the time I find a coupon to save a few bucks.

39. Switch banks. Find a bank that is best for you. If they charge you to use an ATM, and you use an ATM all the time, maybe that isn’t the best bank for you. Shop around for interest rates as well to earn a little on your money.

40. Take care of yourself. By eating well, exercising, going to the doctor, etc, you save a ton of money in health costs in the long run.

41. Ask for free prescription samples. Often times, doctors will have medicine samples available for free. My eye doctor has even given me a box of free contacts before as samples!

42. Do free online workouts. Instead of paying for a workout class or gym membership, find a free online workout class to do with a friend.

43. Switch to energy-efficient light bulbs. Energy-efficient light bulbs are more expensive upfront, but save big bucks in the long term.

44. Go out for happy hour instead of going to the bars at night. Get your friends to join you for happy hour instead of fighting the crowds, cover charges, and expensive drinks at the bars at night.

45. Inflate your tires. Having properly inflated tires means your car is working at proper efficiency.

46. Go to a matinee. Day-time shows and movies are much less expensive than going to a night time show.

47. Quit money-sucking and poor habits. Smoking, excessive drinking, drug use, and other bad habits are not only expensive, but they take years off your life.

48. Get a library card. Books are a wonderful form of entertainment, but bookstores aren’t cheap. Libraries offer so many resources for free.

49. Wear your glasses.  Contacts are pricey, especially if you’re like me and wear one a day contacts. Wearing my glasses saves me approximately $2 a day! Crazy.

50. Educate yourself. The best thing you can do to save money is to educate yourself on money. Blogs, books, professionals, and classes all provide excellent resources for managing your money.

What are your most frugal tips? Comment below!