Some people are intimidated by the higher upfront cost of LED light bulbs, but you also have to think about the long-term energy cost savings. LED light bulbs last 10 times as long as incandescent and they use about 20% of the energy. You may end up saving $100 over a single bulb’s lifetime.
If you are a bookworm, a financial life hack is to make your hobby completely free. Rather than spend $25 or more per book, check it out from your local library. In a book club? Many libraries offer book club kits and reading guides, or will even order the book you want for their permanent collection. Libraries also offer free, family- friendly programming that you can take advantage of for family entertainment.
A tried and true financial life hack is to buy used instead of new. Craigslist, Facebook Marketplace, neighborhood websites, yard sales, and consignment shops are great sources for gently used items like furniture, home décor, clothes, tools or even electronic devices. Have a nearly-new piece of furniture or clothing you no longer use? Consider selling your own items to make extra money.
One place where people consistently overspend is by using online home delivery and takeout meals. Instead of spending $20-$25 per meal for delivered food, plan homemade meals that are quick and easy. You’ll save big bucks, particularly if you use leftovers from the night before. Cutting down on take out and food delivery can easily save you $1,000 per year!
You are not alone when it comes to improving financial health and wellness. Remember, there’s no single way to achieve financial health. It’s a journey as unique as each individual is. However, there’s a lot you can learn from people who have been in your shoes before. Connect with a caring GreenPath counselor for a free counseling session. We’ll work to understand your specific challenges to uncover financial life hack tactics you can put to good use.
Remember that while these financial life hacks can be helpful, everyone’s financial situation is unique. You might consider looking at whether a particular strategy aligns with your goals, values, and circumstances before implementing it. Additionally, seeking trusted guidance when making major financial decisions can be helpful.