Are you eager to find ways to stretch your already tight budget even further? If so, don’t worry! The finance gurus from CNBC (probably) are back with plenty of money-saving wisdom that you definitely haven’t already heard before. CNBC is owned by Comcast Corporation, which posted a 2022 profit of $5.37 billion and paid CEO Brian Roberts $34 million. So, if anyone’s got relatable money tips for the average person, it’s us.
Here are 7 money-saving “hacks” from CNBC (probably).
#7) Borrow electricity from your neighbors
Everyone knows that you can save money by doing things like turning off the lights when you leave your home. But, did you know that you can further subsidize your electricity bill by borrowing some power from your neighbor?
The next time your neighbor steps out, just zip on over with an extension cord and plug it in. It’s best to try and find a downstairs outlet to limit the length of the extension cord you need. From there, just run it back to your own home, and, voila! Free electricity!
#6) Ditch bottled water. Instead, trap the condensation from your AC unit
Not only can the cost of bottled water add up over time, but it’s also horrible for the environment. Instead of buying expensive bottled water, just put a big bucket underneath your AC unit to catch any dripping water. This tip is especially useful in the summer when you are most likely to run your AC.
#5) Say goodbye to your car payment! Instead, start taking a pogo stick to work.
The price of buying a new car keeps getting higher and higher. In 2021, even a used car would run you nearly $30,000. In most cases, financing a car purchase will leave you stuck paying for your car over the next few years. With this in mind, it might be time to ditch your car payment altogether!
Source: https://www.thezebra.com/resources/driving/average-car-price/
You can sell your car and use the money to buy a pogo stick. This is a great way to save money that will also help you get plenty of exercise!
#4) Reduce your utility bill by washing your clothes down by the river
If you’re looking to free up some cash then another idea is to sell your washer and dryer unit. Depending on their condition, you can easily earn a couple of hundred bucks from the sale. We really like this saving tip because it’s double-sided.
Not only will you free up some cash but the lack of a washing machine will cut down your monthly water bill. Plus, you can still get your laundry done by washing it the old-fashioned way down by the river.
#3) Eat roadkill instead of splurging on pricey meats, like chicken
The next time that you’re pogo-sticking home from work, be sure to keep an eye out on the side of the road. There’s a good chance that you’re hopping right past a perfectly good meal! Eating roadkill is a great way to avoid paying for more expensive meats like beef or chicken.
Doing this just once per week is a great way to save $20 on a pack of chicken.
#2) Reuse your toilet paper to get double the usage
Pro tip: if you fold your toilet paper, instead of wadding it, then you’ll be able to easily preserve the other side. Using this tip can essentially cut your toilet paper usage in half. So, if you spend $20 per month on toilet paper, you’ve just saved 10 bucks!
#1) Get rid of your cell phone. Instead, capture and train a carrier pigeon
According to MoneyLion, the average cell phone bill is $127 per month. That’s over $1,500 per year! Cutting out this frivolous expense is a great way to save a bundle throughout the year. The best part is that you can still communicate with other people fairly easily. All you need to do is capture and train a carrier pigeon to carry messages for you.
The added benefit is that, without your phone, you’ll be less likely to get distracted with mindless time-wasters like TikTok, keeping up with your friends, or being productive.
Thanks so much for taking the time to read this special edition of the Do Not Save Money Newsletter as we share some money-saving wisdom from our good friends in the financial media.
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Each week, we share one new money-making strategy that will help you play offense with your finances, not defense.
