5 must-try saving tips from celebrities and rich people

Posted February 27, 2015 by Student Profit Staff

Being a student is not easy these days, considering you are not making enough money (or no money at all) to fully support your youthful needs and lifestyle.

And while your parents or big brothers can help you with some “financial assistance”, you still need to take good care of your finances in order to make ends meet every month.

But even if you are not earning extra-money with some part-time job, there are plenty of ways you can cut on your monthly expenses. Keep in mind that little savings can help your student budget from going down the drain as a result of unnecessary expenses and reckless lifestyle.

Do you think saving money is a sad and depressing habit only poor people should have? Well, it’s not! Not since we are living in times of crises… Being frugal and having a conscious balanced life in all its aspects is the modern approach of living in the 21st century. Look at all the celebrities who promote a simpler and less expensive way of life, as well as billionaires who amaze us with their modesty and moderation when it comes to personal expenses.
Here are some saving tips from celebrities and business men to inspire you to start cutting your expenses and hold on to more cash!

Coupons

Use vouchers

Finding discounts and best prices on consumer goods is a practice many celebrities embrace and are not shy to admit it out loud. “Why should you pay more for something that someone else is paying less for?”, asks rhetorically actress Sarah Michelle Gellar while admitting she is clipping coupons all the time and always shops the sales at the grocery store. Singers Carrie Underwood, Lady Gaga and actresses Hilary Swank and Kristen Bell are also well-known coupon users. All these ladies own huge bank accounts and they still don’t go throwing money away. It’s a lesson we all need to learn! So be a coupon user yourself and head to http://www.voucherbin.co.uk/ to check out the best coupons on the widest range of products, from clothing, shoes and accessories to health & beauty products, food & drink, electronics, gifts and toys.

Pay for everything with cash

Sure, we seem more important and prosperous when we take out our credit card to pay for our shopping, but this way we are tempted to buy more than we really need. Warren Buffet himself has revealed that he is not a fan of the credit card: “Leave your credit card at home and pay cash”. Can we argue with one of the wealthiest men in the world? Alan Corey, author of “A Million Bucks by 30”, shares the same opinion: “I go to the ATM only once a week and pay for everything with cash. That way, I’m forced to stay on a budget […] and I can spend only what is in my wallet. I turn it into a game where each week I reduce my ATM withdrawal amount by $20 to determine how low I can really go”. Tempting challenge, isn’t it?

recycle

Reduce, reuse & recycle

Not wasting things, from food to clothes and natural resources, can give you enormous amount of satisfaction, not to mention it’s good for the planet not to throw things away when there is the slightest possibility to reuse them. Here is another saving tip from billionaire Warren Buffet: “Cut the tube of the shaving or face cream once the content is gone so you can use what remains on the walls of the tube too”. August Turak also embraces the reuse & recycle lifestyle, despite the fact that he is an award winning author and founder of two successful software companies. “I still collect all the tiny pieces of soap and put them together into one bar. I still squeeze the toothpaste tube dry. And I grow a lot of my own vegetables”. Keep that in mind and… squeeze twice before replacing your toothpaste!

Take the public transportation

Again, this will not only help you save money, but it is also a big altruistic gesture you make for the well-being of our planet. Take example from Vincent Kartheiser, the “Mad Men” actor who told The New York Times back in 2010 he prefers to travel by bus or tube instead of a car. “It’s wonderful. Instead of driving and being stressed out about traffic, you can work your scene; you can do your exercises or whatever on the bus”. What better way to stay fit and healthy while keeping money in your pockets?
Learn to cook student

Cook more at home

Going out to trendy pubs and restaurants is as tempting as it is expensive, so consider eating less of what others cook and more of what you can prepare with your own hands. It’s healthier this way, not to mention cooking is therapeutic. Perhaps that is the reason why many celebrities prefer to cook at home rather than dine out at five-star restaurants. Or, as actress Scarlett Johansson puts it: “I find it very therapeutic. I put on some music, maybe have a glass of wine, and cook something like a turkey bolognese or a nice frittata”. And let’s not forget Gwyneth Paltrow, the A-lister actress who lately is being known for her culinary skills and collection of cook books, rather than her roles in movies.

Doesn’t saving sounds a lot more fun knowing all these famous and rich people are also trying to cut on their expenses? With a little bit of patience and self-control, you too will soon become a promoter of the frugal and conscious way of living. You should also check out this blog post at VoucherBin – in order to learn how to properly manage your money and funds.

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