4 Ways To Make Saving Fun With Your Friends

Who wouldn’t like to do some fun activities without spending much? Everyone wants to save money but, the problem is, that saving is usually a boring thing. However, a crazy bunch of friends can turn even a mundane task like saving into a fun time.

Save money in a creative way

Hanging out with your friends regularly can cost a lot. But, did you know that you can also save your money this way? There are numerous ways in which you and your friends can engage in exciting courses and can also save money. This way, you will not only collect some extra bucks for yourself but also develop a strong bond with your buddy.

4 ways to save money while having fun with friends

Saving on your bills while having fun with friends, will help you grow a healthy habit of saving. Thus, here are some of the exciting tips on how you can convince your friends to save a little with you.

#1. Take a money challenge together

Ask your friend to participate in a money challenge with you. You can arrange some light competition with a definite amount of time. During this course, you can keep each other motivated. You can encourage one another to save as much as you can and compare in the end to decide the winner.

There are numerous ways you can take the money challenge together. You can decide on setting aside $1 or equivalent every day. Or you can ask your friend to pick a random color chit (relating to various amounts) from a jar and put that amount as savings.

Key takeaways

• By taking a money challenge, you can focus on a personal or collective goal. For instance, you and your friends can save to fund a group trip, handling costs for accommodations and tickets collectively.

• If you decide to take a no-spend month money challenge, you will cut costs on many unnecessary things. This will make you realize what is and what is not essential for you. You will be able to avoid spending on things that are not necessary, ultimately decreasing your monthly expenses to a great extent.

#2. Share and swap instead of buying

Swapping and sharing things you don’t need is a wise way to save on your bills. You can trade items with your friends, which will allow both of you to avoid having to buy something new. Swapping clothes is already a very popular idea.

You also can offer your well-conditioned clothes or kitchen items to your friends and ask them to do the same. This way, you both will easily get things you require without having the need to spend a lot on new items.

#3. Benefit from Group Discounts 

Always take advantage of the group discounts. You can easily find multiple opportunities in entertainment venues, supermarkets, and restaurants with deals like buy-one, get-one, or bulk discounts. Additionally, there are sites like Groupon with discounts specially designed for groups. Take advantage of those offers.

• If you and your friend like to do similar activities, go together and save together.

• Look for group discounts online by contacting businesses and hotels on your group trips.

• Get a cell phone plan together. There are many providers who offer bigger discounts on multiple lines. Just find a trustworthy buddy and save on your cell phone plan together.

#4. Not just watchlist, but share your subscriptions too

One of the most popular and simple ways to pair down spending is trading subscriptions. If you are two friends and are looking forward to watching the same thing, just share your login IDs. You both can split payment for one streaming service while sharing IDs and profiles can help you both consume your favorite shows.

Not only streaming services, but if one of you has a gym membership with guest privilege, you can also trade it to save a bit extra.

These are some of the effective ways to save money with the help of your friends. You can also come up with your own unique ideas and make a lot of money for yourself. You can use these savings to invest in self-care or can buy surprising gifts for your friends also.