3 Out-of-the-Box Ways to Save Money | St. Johns Bank

When we are already tracking spending, sticking to a budget and cutting back where possible, sometimes finances are still challenging. Saving money doesn’t have to be hard, you just need to get creative!

Here are some unconventional and creative ways to save money that might help:

1. Be more minimalistic. You might think “minimalism” is just a trend to declutter, but it can also be a way of life. Buying less, spending less and keeping less can also impact your budget and overall mindset around money and happiness. Practicing minimalism will also improve your financial situation, as you will be shopping less and prioritizing meaningful, less materialistic lifestyle choices.

2. Practice your DIY skills. Taking projects into your own hands will save money. You can watch videos on how to do just about anything these days! Instead of calling a handyman, try doing home repairs yourself or instead of buying your child new jeans due to a small hole, try patching it! DIY-ing can save hundreds of dollars and will keep you learning new things at the same time.

3. Find the free activities. It’s fun to do family activities on the weekend, but activities like paying full price for museum tickets or going to the movies can add up, especially if you have a large family. Most communities have a plethora of free activities you might not even know about. Consider going to your local library, playing at local parks or going on a hike. You can also set up fun activities at home, like cooking together or arts and crafts. Spending less money to do fun activities with the family will get you just as much fun as dropping money on pricy tickets.

These three creative money-saving tips will pay off if you practice them long-term and adjust your mindset. Minimalism, DIY,and sourcing free activities aren’t hard—they are just a matter of habit that will save you tons of money that you can save.

Try these money-saving hacks for yourself! Contact us to learn other financial tips and apply to open a checking and savings account for your whole family.