Savvy Social Savings - Wealthy Self

Do you love to socialize but find catching up is burning a hole in your wallet and your future savings?

We love to catch up with mates at the latest bar as much as the next person, but adopting a savvier social approach will save you dollars without having to sit at home alone.


How spending less and socializing more can make your savings soar!


#1. Social Clubs with Colleagues

Join your work’s social group. Many places have a formal or informal social club where you get to meet new people and take part in different activities. If your work doesn’t have one, why not suggest one or create an informal group yourself? Whether you create a football team or a book club, it’ll bring more like minded people together for virtually nothing!


#2. Cash in on cheaper days

Simply make a list of things you want to do or places you want to go to and see when the cheapest day is to do them. Be adventurous and look out for more unique things too like rock climbing – some places will even give you a free trial or a cheap introductory period too. The faithful Cheap Tuesday at the movies is also great way to start the week, increases your savings and gives you more cash for popcorn!


#3. Budget Bars

If you’re on a budget, then catching up with mates at a Uni bar or during Happy Hour is cheap and cheerful way to catch up (and feel nostalgic too!). Bonus Tip: There’s often cheap food deals too like $2 taco Tuesday or daily specials! Fill up with friends and your savings will thank you too.


#4. Cash in on Coupons

Did you know that the Entertainment book gives you  hundreds of discounts on everything from car washes, to donuts and skydiving? And every time you purchase one, you’re giving to a good cause too. Buy one today, don’t be shy in using it and keep coupons in your wallet. Remember, you don’t need to always pay full price!


#5. Groupon That Experience

With so many discount websites around like Groupon, you literally never need to pay full price again! Find an activity you want to do, read the smallprint and bulk buy your fun! It’ll give you variety, keep you interesting and will cost much less than it should’ve.


#6. Freebie Fun

If you’ve got good friends, having fun doesn’t have to cost anything! If the weather’s great, why not pack a picnic and head to the beach or nearest park? Or on those cold, wet winter’s nights, take it in turns to host a movie night andy BYO snacks!

So now you’re socially savvy with your spending, you should see your social life and your savings soar! Share your savvy social spending tips by leaving a comment below.



General Advice Disclaimer

This blog contains general advice only. You need to consider with your financial planner, your investment objectives, financial situation and your particular needs prior to making any strategy or product decision. InterPrac Financial Planning Pty Ltd and its authorised representatives do not accept any liability for any errors or omissions of information supplied in this document except for liability under statute which cannot be excluded.