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5 Ways to Save Money and Make More of It

shutterstock_3497388While it seems like the web design industry as a whole is doing pretty well during this economic hardship, there is always a need to cutback on expenses. On top of that, there is always a need to make more money. Funny thing is, if you cut back on your expenses, you can actually add a little more income to your bottom line.

Major corporations have teams of people who’s only job is to find out how to save the company money be getting rid of unnecessary expenses. Unfortunately, we as freelancers don’t have that luxury. Lucky for those freelancers who read this blog though, I am going to share with you a few ways to save money and in turn help you make a little more.

1. Replace Online Apps with Desktop Alternatives

I love online apps as much as the next guy. Hell, I probably love them a little more. I download and buy apps like there is no tomorrow. While many of those apps have what may seem like a low monthly price, they can add up quick. Do yourself a favor and replace as many of them as possible with desktop alternatives. Yes, the desktop alternatives might cost more up front, but they will pay for themselves in the long run. I’m not saying you need to get rid of all of them, but at least the ones that aren’t a crucial part of how your business operates.

If you can’t get by without a certain online app, but really want to cut back on expenses, see if there is some way you can drop down your subscription a level. You might have to get fancy with the way you use the app, but I assure you there are ways to make free and limited version of online apps go farther than you think. You just have to get creative.

Here are some desktop alternatives:

2. Join Rewards Programs

We as designers have a constant need, or want, for new technology gadgets and software. If we must spend money on these sorts of things, it only makes sense to do so at places that reward you for it. For example, BestBuy offers a rewards program that gives you gift certificates every time you reach a certain amount of points. So long as you redeem the gift certificates for things you actually need for your business and not the latest box set of Weeds, you’ll be buying more wisely.

This of course doesn’t have to be limited to electronics. You can search out rewards programs for anything from food to office supplies. Odds are, there is probably a rewards program out there for just about anything you buy a lot of.

Here are a few popular rewards programs:

3. Stop Using Your Credit Card

I won’t tell you had bad credit cards are. I’m sure money of you know already, so I’ll leave that be. The main reason I am making this suggestion is because Im sure many of you that buy things online or pay for your online app subscriptions do so with a credit card. Even with the best interest rate, this means you end up paying more for the app than you need to. My suggestion for this problem is to make use of PayPal Plugin that can generate single and multi-use credit cards. This way you get the ability to use a credit card to pay your online amounts, but without the steep interest rate.

Not to mention that by bypassing your credit card this way, you have a better chance of actually getting your credit card paid off faster because you won’t have new charges on it every month!

4. Haggle, Barter, and Ask

Everyone is feeling the hurt of these tough economic times. Because of this, even the largest companies are willing to do just about anything to keep you as a customer. Use this to your advantage while you can. For starters, if you use a credit card, call and try to get them to lower your interest rate. You can read more on this here.

Credit cards aside, you should also look into the services you use regularly like internet services and phone services. Many ISP are willing to give you the newer rates and specials the have running if you sign a new contract. Call your ISP and see what they have going on. Comcast is really good about this, if you have Comcast, all you have to do is call and ask if they have any specials that are to your benefit and they will take care of you.

Phone service is another thing you can barter with a lot. If you use a house line with a major utility company like AT&T, call them and tell them that you are going to switch to a VOiP services or to another company with a better deal. Odds are they will either match the price or give you more services than you currently have for the same price.

Remember, it never hurts to ask.

5. Trade Services and Partner Up

Whiel many of use are Jacks of many trades, there is always someone out there who can do some things better. Rather doing something sub-par yourself, or having to outsource, why not see if said designer or developer may be willing to trade services? Maybe you need a logo and you can find a designer that needs a website?

Likewise, networking and partnering up with others who provide complimentary services can be a great way for you to make more money and maybe even save money. If you end up sending enough work to someone you partner up with, they are likely to give you a better, discounted rate.

Image was purchased from ShutterStock

46 Comments
Lucas

August 21, 2009 1:06 pm Reply

Nice post, I just have to disagree a bit with Credit Cards. I currently own two with bonus programs-they add up to about $150 a year in gift cards or cash! Prob hard to find these days though if you dont already have one. Plus with the one I get BOGO movie tix once a month! Holler!

    Maggie

    September 24, 2009 6:07 pm Reply

    I haven’t used a credit card in years (thank God.) I have disciplined myself to only use a debit card, and one with a rewards program at that. If you can, I feel this is the best way to go. No interest and Christmas for everyone (what I use my rewards for….)

Mike

August 21, 2009 2:50 pm Reply

Good post, I have to disagree wit hthe crtedit card thing as well. You just have to control yourself. Treat it like a debit card, and make sure you don’t spend more than you can pay off every month. My Capital One rewards card earned me $200 worth of gift cards to Best Buy which I used towards a computer and used my Reward Zone card to get points, which will earn me some more gift cards to Best Buy :)

I’ve also been getting into using coupons. I’m not hardcore, but I skim through the ads that come in the mail for stuff I use anyway. I find a lot of “buy one meal get one free” coupons for restaurants in my area.

    Danny Outlaw

    August 22, 2009 5:41 pm Reply

    I hear you on the coupon thing. I myself have started using more of them. I am by no means going to the grocery store with an envelope full of them, but i do use them on higher priced items that I have to have.

Stefan

August 22, 2009 12:18 am Reply

Great point. By starting to pay everything in cash you will begin to be a bit more careful every time you are thinking of buying something new. I also like the idea on joining referral programs and I actually wrote a post about it a few weeks ago.

Stefan

August 22, 2009 6:17 am Reply

Great point. By starting to pay everything in cash you will begin to be a bit more careful every time you are thinking of buying something new. I also like the idea on joining referral programs and I actually wrote a post about it a few weeks ago.
Sorry… forgot to say great post – can’t wait to read your next one!

Kayla

August 22, 2009 4:58 pm Reply

Thanks for the link to that PayPal plugin — I had no idea something like that existed! My credit card it my biggest issue right now!

All around, great tips. Thanks for this.

    Danny Outlaw

    August 22, 2009 5:43 pm Reply

    Yeah, the paypal plugin is great. I use it all the time to buy online. I use it for buying things, as well as paying subscription fees. I have only run into one site ever (netflix) that wouldn’t let me use the plugin.

Matthew

August 23, 2009 11:09 am Reply

Great post, Danny! Lovely advice that everyone should consider.

    Danny Outlaw

    August 23, 2009 12:42 pm Reply

    Thanks Matthew. Glad you liked it. I love what you guys are doing over at UX Booth!

Michael Thomas

August 25, 2009 3:50 am Reply

Just out of interest what online apps do you use that you have to pay for? All the online apps I use are free, surely google have a loads of free apps to use?

    Danny Outlaw

    August 25, 2009 1:02 pm Reply

    Right now the only online apps I pay for are ronin, basecamp, and mozy I think. As far as those apps go, yes, there are plenty of free counterparts, but none of them really compare to the paid versions. At least in my opinion.

WdeB

August 25, 2009 5:38 am Reply

tnx dude! these are some good tips..

We are building our own online App… seriously considering now building a desktop version as well ;)

    Danny Outlaw

    August 25, 2009 12:59 pm Reply

    Thanks. You should definitely consider a desktop app as well. In the long run the desktop app might not make you as much money as the online version, but you will probably pick up customers like me who already have too many paying apps.

    Whats your app do?

billy bob

August 25, 2009 4:31 pm Reply

I’ve paid cash for everything for years. It’s beena great way to manage my money – but in recent times I’ve hit the opposite of most folks here.

I have little or no credit built up and with the current economy (in the US) not much extra cash for large purchases – new vehicle etc…

Had to start building it up a couple of years ago a little at a time.

    billy bob

    August 25, 2009 4:48 pm Reply

    One thing about Comcast tho – if you’ve already received a deal from them recently they will limit you to a deal once every X number of months per year or something.

    When I started my current account with them 3 years ago – I had started under a half-price deal for 7 months. And tried it again a few months after that deal ended. They said it hadn’t been a long enough break since the last deal. But hell – a few months every couple of years isn’t bad.

    Danny Outlaw

    August 25, 2009 4:55 pm Reply

    Thats an interesting situation to be in. I guess it just goes to show that sometime syou cant win for loosing.

Mark

August 27, 2009 12:21 pm Reply

Good tips. We all need money saving tips in this tough economy.

bBen Rama

August 31, 2009 11:54 am Reply

hey danny interesting ideas i dont buy desktop apps did you get my email about the interview i’d like to interview you about outlaw design and also be interviewd not sur if you got the email or a re busy

anyway stay in touch good luck ben

rachel

September 7, 2009 6:00 am Reply

very nice post … continue ur efforts… thanks….

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September 10, 2009 6:43 am Reply

really interesting and well written article.

Johny

September 10, 2009 12:25 pm Reply

Saving is good for financial health

Jane

September 10, 2009 10:16 pm Reply

Great post…..I like step 3 Truly owning a credit card is like being under the bondage of the credit card company.Just because the process is convenient we fall in the debt trap and without our knowledge the debt balance is much greater than we expected.Through exercising some self control we can surely learn to put restraint on our spending habits.

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September 17, 2009 10:56 am Reply

great work i like the third step of saving money by stop using credit card which is not a good thing!

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September 22, 2009 12:26 pm Reply

very interesting article. Never been here before but really enjoyed that. Thanks.

Jon

September 27, 2009 9:21 pm Reply

Great Article. Most of the people I talk to these days are using #4… especially restaurants. I agree with #3, credit cards are horrible for you, but it is double edged sword. If you don’t have them, your credit score will not be great, and if you have too much on them… well that is a problem. Best thing is to have them, but use them sparingly…….oh and pay your bill on time:-)

Reglan Side Effects Lawsuit

September 29, 2009 11:00 am Reply

Great tips. Thanks for posting this. I think this is pretty true for everyone. There’s always some way to cut back.

Web Designing

October 1, 2009 12:25 am Reply

Hi,

Great tips, I like most of the ideas you floated, specially the one “Stop using credit card”

- J.
Web Designing

nivedano

October 20, 2009 12:35 pm Reply

Fabulous article! Lots of common sense, good advice here. Thank you.

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July 31, 2011 6:42 pm Reply

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August 19, 2011 2:18 am Reply

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August 27, 2011 5:33 am Reply

After reading this article, I’ve remembered something about point # 3. It was not to have a credit card if you want to be successful. I don’t know what’s the purpose until this day but it really had a good effect on me though. :)

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September 21, 2011 3:20 pm Reply

Some great tips there, thanks for sharing them.

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October 21, 2011 9:39 pm Reply

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November 28, 2011 6:18 pm Reply

I liked point no 3 .Credit card is designed in a way so that we guys fall into debt trap.Its better to avoid them.

Jitendra Shah

November 29, 2011 5:43 pm Reply

may use these tips in future

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