Stop Wasting Time: 20 Money-Saving Tips That Aren’t Worth It

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We all aim to save money, but sometimes, the effort doesn’t quite match the reward. You might have come across countless tips promising to help you save a few bucks here and there.

However, not all these suggestions are as beneficial as they seem. In fact, some can be more of a time drain than they’re worth.

In this blog post, we’ll explore 20 money-saving tips that might sound good at first glance but could cost you more in time and effort than they save in dollars.

1. Clipping Physical Coupons

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Clipping physical coupons involves cutting them out from newspapers or flyers and keeping them at the store. While it sounds like a good way to save money, it actually takes a lot of time.

You have to spend hours looking for these coupons, organizing them, and remembering to bring them when you shop. The savings are often small, so the time you spend might not be worth the little money you save.

2. Making Your Own Cleaning Products

Cleaning Supplies
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Making your cleaning products means mixing ingredients like vinegar, baking soda, or lemon to create cleaners at home.

This can seem like a good idea to save money, but it often doesn’t work out that way. Finding and buying these ingredients and then mixing them takes time.

Also, homemade cleaners might not be as effective as store-bought ones, so you could spend more time cleaning for not much savings.

3. Driving Extra Miles for Cheaper Gas

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Driving extra miles for cheaper gas means going out of your way to find a gas station with lower prices.

While it seems like a smart move to save money, it often doesn’t pay off. The extra gas you use getting there and back can cancel out any savings.

Plus, you’re spending more time driving, which isn’t worth it if you only save a few cents per gallon.

4. Joining Multiple Rewards Programs

Rewards Programs
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Joining multiple rewards programs means signing up for many different loyalty schemes at various stores or services. It might seem like a great way to save money by getting discounts and rewards, but it can get complicated.

You have to remember all the different programs and keep track of points or rewards. Often, you end up spending more just to get a small reward. It’s a lot of effort and not much gain.

Instead, go with programs you use frequently or offer significant savings or rewards.

5. Hand-Washing Dishes to Save Water

Hand Washing Dishes
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Believe it or not, hand-washing dishes can use up to 27 gallons of water per load. In comparison, an Energy Star-certified dishwasher uses around 3 gallons of water per load.

While washing dishes by hand might seem like a way to save money on your utility bill, investing in a dishwasher is more efficient and cost-effective. It also saves you time and effort while cleaning your dishes properly.

6. Buying in Bulk Without a Plan

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Buying in bulk without a plan means purchasing large quantities of items because they’re cheaper per unit. While it seems like a way to save money, it can backfire.

If you don’t have a clear use for all the items, they might expire or go unused, wasting your money instead of saving it. Plus, storing all those bulk items can be a hassle if you don’t have enough space.

7. DIY Home Repairs Without Skills

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Overconfidence can lead to costly mistakes, especially when it comes to DIY home repairs.

Attempting to fix a plumbing issue or electrical problem without the necessary skills or knowledge can result in expensive damages or even safety hazards.

Instead of risking your health and budget, it’s best to leave major home repairs to professionals with the training and experience to handle them properly.

8. Saving Small Change in a Jar

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Saving small change in a jar means putting your spare coins into a jar over time, hoping it adds up significantly. It sounds like an easy way to save money, but it’s very slow.

The amount of money you end up with after a long time might not be worth much. Plus, the coins just sit there and don’t earn any interest, unlike money saved in a bank account.

9. Following Extreme Budgeting Tactics

Food budget
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Following extreme budgeting tactics means cutting your spending down significantly, often by giving up things you enjoy. While this might seem like a fast way to save money, it can make you unhappy.

Life can get pretty dull if you’re always saying no to fun activities or tasty treats. Finding a balance is important so you can save money without missing out on the joy of living.

10. Preparing All Meals from Scratch

cooking at home
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It’s good to check your cooking skills and try new recipes occasionally, but planning and preparing every meal from scratch can be exhausting and time-consuming.

Buying all the ingredients can add up quickly, especially if you’re cooking for a large family. Instead, consider meal prepping or finding budget-friendly recipes that use affordable, easy-to-find ingredients.

11. Hoarding Sale Items You Rarely Use

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When we see something on sale, we tend to buy it even if we don’t need it. This can lead to a hoarding mentality, where we accumulate items that end up taking up space and collecting dust.

Before making a purchase, consider if you will use the item or if it’s just something that caught your eye because of its discounted price.

It’s better to save money by not buying unnecessary items rather than spending on things we don’t need.

12. Collecting Bottles and Cans for Refunds

Collecting Cans
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You get only a few cents back for each bottle, or you can return them, so collecting them in large quantities may not be worth the effort.

If you decide to collect bottles and cans for refunds, have a designated storage area and stick to it. Otherwise, they can quickly become clutter in your home.

Also, check if your state has a limit on how many bottles and cans you can return for refunds per day to avoid wasting time and energy.

13. Manually Tracking Every Penny Spent

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While keeping track of your expenses is a good idea, manually tracking every penny can be tedious and time-consuming.

Instead, consider using budgeting apps or creating a spreadsheet to help you keep track of your spending habits.

This way, you can easily see where your money is going and make adjustments as needed without the hassle of recording each expense by hand.

14. Switching Banks for Sign-Up Bonuses

Bank Teller
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It’s complicated when you switch banks just for their sign-up bonuses. You may end up paying fees or missing out on loyalty perks from your previous bank.

Evaluate if the potential bonus is worth the hassle and potential consequences before deciding. Otherwise, you will spend valuable time standing in line or filling out complicated forms.

15. Growing Your Own Vegetables Without Space

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If you have a large space and time to dedicate to gardening, it could be a good way to save a couple of bucks.

However, growing vegetables may not be feasible for those living in apartments or small homes. Instead, consider joining a community garden or purchasing fresh produce to support local farmers.

16. Sewing Your Own Clothes Without Experience

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Another DIY trend that may not be worth the effort is sewing your clothes. Developing the skills needed for proper garment sewing takes time and practice.

Unless you have experience or are willing to invest time in learning, purchasing clothes from a store or supporting small businesses that offer handmade items may be more cost-effective.

You don’t have to spend hours sewing and potentially having ill-fitting or poorly made clothes.

17. Making Homemade Gifts for Every Occasion

making gifts
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Making homemade gifts for every occasion means creating presents yourself instead of buying them from the store. This can seem like a heartfelt way to save money. However, it’s not always cheaper or easier.

Materials can be expensive, and making something nice takes a lot of time. Also, not everyone might appreciate a homemade gift, so it’s important to consider what the person likes.

18. Subscribing to Multiple Streaming Services for Deals

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Subscribing to multiple streaming services doesn’t make sense just because they have attractive deals. But still, some folks do it!

Think about your viewing habits and only subscribe to the services you will use regularly.

This way, you can save money while enjoying quality content without overwhelming yourself with too many options. Don’t forget to take advantage of free trials before committing to a subscription.

19. Using Cash-Back Apps for Tiny Returns

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Using cash-back apps for tiny returns is time-consuming and potentially risky. These apps often require linking your bank account or credit card, which could put your personal information at risk.

Additionally, the amount of money saved through these apps is usually minimal compared to the time spent using them. Look for other saving methods such as budgeting or finding deals on items you regularly purchase.

20. Canceling Insurance for Minor Savings

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You never know what could happen in the future – from illness to expensive car or home repairs. It’s not worth it to cancel insurance policies just for minor savings.

Instead, shop around for better rates or consider adjusting your coverage rather than eliminating it. This way, you can still have peace of mind while potentially saving money on premiums.

Talk to a professional if you’re unsure about what coverage is necessary for your specific situation.

Be Mindful of Your Spending Habits

Grocery Spending
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Saving money is a good habit, but if it’s done at the expense of your time and safety, it’s not worth it. Be mindful of your spending habits and prioritize where you can save money without sacrificing quality. Look for alternatives, negotiate rates, and make informed decisions. Remember, it’s about balancing saving money and enjoying your life. 

11 Things That Aren’t Worth the Time or Effort When You Get Older

Old man pet sitting
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Getting older brings a lot of wisdom, including realizing that some things aren’t worth our time or effort. This blog post lists 11 activities, and worries that, as we age, we discover are not as important as we once thought. From spending hours on appearance to worrying about other people’s opinions, we’ll cover what you might want to let go of to make life simpler and more enjoyable.

11 Things That Aren’t Worth the Time or Effort When You Get Older

11 Frugal Ways to Save Money That Most People Don’t Realize

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Frugality starts with learning how to be creative with your spending. It is not about being cheap but finding deals and quality to help your money last longer. Many people need to realize that little actions can help save a ton of money. Here are 11 frugal ways to save money that most people don’t realize. 

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16 Household Items That Are Costing You Tons in Electricity

Air Conditioning
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Out of all the household utilities, electricity causes the most headaches and one of the biggest dent in consumers’ wallets. However, electricity is a necessity that makes life comfortable since so many devices around the home require it.

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