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3 Personal Finance Hacks You Need to Know

Apr 20, 2021 | Finance

As the younger generation, we’ve managed to find and prioritize hacks for pretty much everything. But financial hacks are one thing we tend to overlook. And while we don’t exactly have financial hacks that will automatically fill your wallet with money (believe me, we’ve looked into it). We do have a few money saving hacks that will help with unnecessary drainage of your bank account.

You might already be familiar with some of these hacks – and if you don’t already use them, you might just change your mind this time around. Regardless, here are three financial hacks that you can use right now!

Lifestyle: cook your own meals

With the pandemic looming over us still, many have taken their cooking skills online to share with the rest of us. With that, it’s extremely easy to learn kitchen skills and how to cook new meals on different social channels.

You can find hundreds of meal inspirations and recipes online, including on YouTube and more recently, TikTok – where you can check out fast, easy and often nutritious 30-second recipes that won’t cost you an arm and a leg.

Paying off debt: make weekly instead of monthly payments

This hack is so simple, it might just work. Opting to make weekly payments on your debt instead of monthly payments not only helps to reduce interest, but also helps to pay-off the overall amount owed. If you have multiple debts, Dave Ramsay claims that the debt snowball method works best – this is prioritizing the debts with the highest interest rates first. Once paid off, focus on the next highest interest-rate debt, and so on, and so forth.

Travel: compare flight prices

Let’s face it – if we’re going to splurge on something, travel is typically one thing we don’t mind it being on. If you’re travel dates are flexible you can use Google Flights to compare prices of all available airlines, and it even suggests other dates you can fly, with cheaper tickets!

These financial hacks are obviously not an exhaustive list. There is an abundance of financial tips and tricks out there that can help you start conveniently saving your money – these hacks will generally help most individuals make better financial decisions.

Do you have any favourite financial hacks? Visit our Instagram page @quadfi.inc and let us know!