Saving Money with help from The Working AT Home Man

Here is an interesting statistic. Nearly one third of lottery winners (in America) will eventually declare bankruptcy. How crazy is that? All because the winners had poor money-saving techniques. Well hopefully you are here because you don’t want to fall under a similar statistic. Read on to find out about multiple ways to save money.

Becoming wealthy isn’t just about Earning or Investing money, it’s also about being able to save the money you have earnt. Without living in a saving (or frugal) mindset, you can easily see your yearly income go down the drain. How much better would you feel to have money left over in your account each week, month or year? What would you now be able to do?

By saving money, you can really fast track your goals, whether they would be paying down debt, becoming a parent that’s able to spend more time at home, becoming financially independent, traveling the globe, or just not having to stress about money again. The possibility are endless.

Well, you’re in luck. There are many tricks that you can use to keep that money locked in your pocket.


Money mindset

This is one of the most important aspects of saving. If you’re able to change the way you think about money, then your able to see thousands of different ways your able to save more. Here are some tips of how to develop your money mindset:

1. Break the initial impulse – 24-hour purchase rule

This one is simple, and a great little test to curb those impulse purchases. For anything that you are interested in purchasing and hold off for a day. Restrict yourself for 24 hours. Try and forget about it. Come back after your 24 hours is up and see if that impulse is still there.

2. Wait a month to decide if you need the item

If you were successful in waiting 24 hours to purchase your much desired item, then you could try wait for a full month to see if you still want the item. Likely you have found another solution, or realised that you don’t need the product in the first place.

3. Think before buying

Ask yourself questions like:

  • Do I really need this?
  • Can I afford this?
  • How do I feel? Do I want this just to make me feel good?
  • How many hours do I need to work to earn the money back?
  • Can I borrow this from a friend instead of buying it myself?
  • How much interest can I gain if I invest this money (and reinvest!) instead of spending it?
  • What happens when I don’t buy this?

4. Try a “buy nothing challenge”

By creating and adhering to a buy nothing challenge you can quickly change your mindset about money!

5. Pay yourself first

Most people pay their bills, buy some “nice to have things” and then at the end of the month, check if they have anything left over. If you pay yourself first, you can end up saving a lot more money than if you were to pay yourself last (i.e. at the end of the month).

6. Develop your financial literacy

Financial literacy is something that doesn’t properly get taught in schools, but is so important . A person who is financially literate is able to be confident in allocating money, and dealing with expenses and debt. To help you on your financial journey, we have listed 5 of the best books to help increase your financial literacy.

Save money on groceries

Groceries are necessary but also cost a lot of money. They are a lot of ways to reduce the amount you spend every month:

7. Plan your meals ahead

If you plan your groceries a week ahead, you only need one trip to the supermarket every week. This means you shop much more efficiently. The temptation of buying extra’s is smaller if you visit the supermarket less often and stick to your list. Also: never go hungry to the supermarket!

8. Buy your weekly shop based on discounts

You can easily find some great discounts for various shops in local newspapers- Don’t be afraid to visit a couple of different shops to really supercharge your discounts!

9. Do a price comparison

Compare the prices between a couple of different supermarkets each week.

10. Shop online for your groceries

One of the best ways that you can save money grocery shopping is to order your groceries online. There are many advantages to this including knowing exactly how much you will spend, being aware of the weekly discounts, and being able to easily compare products using a like-for-like comparison.

11. Grow your own vegetables at home

This one may be a bit more costly at the start, but once you have worked out the process, you can save a bit of money growing your favourite vegetables or herbs in the garden. It works especially well if you also harvest the seeds for use in future years! Additionally, if you make too many, then you could also make some passive income on the side.

12. Buy fruit and vegetables while they are in season

Vegetables are cheaper when there are in abundance, so buying vegetables based on season can save you a lot of money. Extra savings if you live near, or are able to obtain seasonal foods straight from a farm. Additionally, if you buy in bulk, you can blanch the vegetables and put them in the freezer!

13. Pick cheap brands

You don’t need to go to the big stores, or shop for the most famous brand. Less known brands are usually a lot cheaper and they hardly taste different at all.

14. Buy in bulk

For items that don’t expire or can last very long, it’s a good idea to buy large packs or stock up when on sale. Things like toilet paper, cleaning products, bathroom items, coffee, tea, canned goods, dried foods and basically anything else that has a long shelf life are perfect to stock up on when there are discounts. You can also freeze items like meat and fish for a longer shelf life.

15. Have a left-over-day every week

At the end of the week (i.e. the last day before you go shopping), you can have a left-over-day to clean out everything left in the pantry. Generally during the week you can be left with various leftovers. These can go off if you don’t use them in other dishes. Instead you can easily turn all the leftovers into a good meal. Various options include a curry, a slow cook, or even tacos.

Any scraps you can usually provide to the chickens, or place in the compost

16. Chickens lay fresh eggs

This is one of those ideas that may save some people a heap of money, and will cost more for many others. If you are a bit handy, live in a good climate, and eat lots of eggs, then having chickens could be a good way to save money. IF the chickens are free range, and you provide some scraps here and there, you can generally get away with minimal expenses, and you get a few fresh eggs a day!

17. Clean out your pantry every other month

Before you make your groceries list, have a look and see what items you have in your pantry. This probably means you don’t have to buy a lot of new groceries, plus you make sure that you use everything before it expires. If you are buying things using online shopping, you can generally check your pantry while your shopping!


This page is a bit of a work in progress, so stay tuned for any updates. In the meantime, check out my posts that relate to saving money:

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