The Ultimate Guide to Saving Like a Celebrity

By Kenyae Shelton

    What strategies and tips do you use to save? Have you ever thought about the strategies celebrities use as ways to save and stay rich? Check out a few of these celeb stories on how they save their money:

 

Sarah Jessica Parker implements a strategy that has been very common among people for years. She expresses to interviewers that since she has several older nephews, therefore her son only wears hand-me-downs. This is an effective example of how you can save on shopping, no matter who you are or what your income is like. Read more here! 

Tyra Banks expresses that she has always been a total “penny pincher.” She describes her experiences saving money in ways I can definitely relate to. For example, she often uses and takes the shampoo and soap from hotels at which she stays. It’s free with your stay! Why not use what’s given to you?

Lady Gaga and Kristen Bell use coupons regularly when going grocery shopping. Although, Kristen Bell could wear anything she wants on the red carpet, she is known for rocking a $45 dress from Target at a hotel opening in San Diego. This an example of how you can save money and still look amazing. Read more here!

   Tips including: envisioning your future, living below your means, and tracking your spending are three ways to save like the above celebs:

Envision your future

This is the first step towards planning your financial stability. When you know what you want, you can decide how much you want to spend and how much you can spend.

Live below your means

If you start a new job, get a raise, or receive money that you can possibly save, DO NOT USE IT! Save as much as you can and budget as much as possible. It is okay to be “cheap” and still live a decent lifestyle you are satisfied with.

Track your spending

Even when you spend less, it is good to track your spending. There are even apps that will track your spending and show you when you have wasted money without realizing it. When you know better, you can do better.

 You may think in certain situations it is impossible to save, but there is always a way. Hopefully these tips will  help you and result in increasing your savings effectively.