10 unusual ways to increase savings rate (My personal habits)

Increase savings rate

I have gathered a list of my slightly different ways to increase savings rate. Then you can save more money and invest. 

These tips are some that are actually most often a better choice, but also help you to save money.

It’s clever to change habits to increase savings rate without you necessarily feel that your everyday life getting worse.

Maybe you can optimize your savings rate, invest more and get closer to your goals 🙂

Here is my list:

1. Don’t buy facial cream just use Jojoba Oil

I use a few drops of Jojoba Oil on my face and after 20 minutes I just wipe my face a bit so it’s not greasy.

Jojoba Oil is really healthy for the skin.

I bought a bottle of 500ml and it lasts about 2 years. It cost 40 EUR when I bought it last time.


💡 What does your current facial cream cost if you compare? Can you change it and increase savings rate?

Learn more about the health benefits 


Jojoba Oil
Jojoba Oil on an Investment blog 🙂

2. Make your own healthy hair products

I have used the Home-made DIY Hair pomade recipe below for over a year.

This is a very good alternative to the very unhealthy and expensive hair products in the stores.

It only takes 10 minutes to make and the cost is very little.

Read the recipe


Home-made DIY Hair pomade recipe
My home-made DIY Hair pomade in a glass container

3. Cheap Home-made deodorant

Most deodorants are unhealthy and contain aluminum (metal).

💡 Try to check what your deodorant contains?


I make this great deodorant at home and it only cost 5 EUR for a half year supply.

The recipe is in Danish so you will probably need to use google translate 🙂

The recipe

Home-made deodorant
I really like this recipe

4. Save money on the heating bill

This advice is maybe most for us up north who live at cooler places on earth and want to increase savings rate 🙂

Heating your home can be very expensive and push your savings rate down.

We use a duvet/comforter on the couch at night when it starts to get colder outside. In this way, we can wait a little longer before we start our radiators and heat up our home.

When we are at work or away for a longer time, we also reduce the temperature.

5. Change everything to most energy efficient

If you haven’t already switched to LED light bulbs, there is incredibly much to save. 

You save approximately 90% if you change all your light bulbs to LED.

It’s a massive saving on your bills and furthermore LED bulbs last for +10 years!

Just make sure you choose the LED bulb with warm white color, so it gives the same experience as the normal light bulb.

Normal light bulb

Saving light bulb

LED bulbs

100 Watt

28 Watt

16 Watt

75 Watt

25 Watt

13 Watt

60 watt

13 Watt

9,5 Watt

40 Watt

9 Watt

5,5 Watt

25 Watt

7 Watt

3,5 Watt

6. Turn off the standby buttons

Your daily habits are very important.

At our home, we always turn off the light if we are not in the room anymore. 

We have turned on the lights if it’s dark, but we try to utilize the daylight as much as possible. 

The standby buttons must also be switched off. They cost around 25EUR ($30) annually each.

It’s crazy and really a waste of your money. Turn it all off!

💡 Try discovering your own home and see if some standby buttons are turned on

We also use a timer to automatically turn off our WIFI at night.

7. Use second hand stuff

We actually have a lot of used things in our home.

Some things we have bought cheap but is still in good condition. For example our Apple TV box, a mirror, and a small carpet. You really can’t see it’s used before.

We also reuse things that others have thrown out. Yes, it’s true 🙂

At first, when I took things it seemed a little odd but now I just think I’m smart. However, we only use it if it’s in perfect condition.

We have for example found a lamp, a cutting board, a laundry basket, and a drying rack. It’s incredible what people throw out.

The apartments in our area are sorting waste so it’s easy to find something without digging into disgusting waste. It’s all sorted for recycling.

waste sorting
This is the small place where we (and our neighbors) sorts waste
This is inside. Somebody left some books so others can enjoy them 🙂

8. Collect bottles

Here in Denmark, we have returnable bottles.

You’ll get money back when you return the bottles at the store.

I collect bottles when I’m on my way home 😀

I only take them if it’s on my way and It’s not every day.  It’s approx. $5 for this little effort every month. It’s free money on the way.

We use the money to save on the food budget.

30.50kr saved on the food budget. It's approx 4 EUR or 5 USD.

9. Let your spouse or friend cut your hair

Depending on your hairstyle, it’s obvious to get someone you know to cut your hair for free.

I get my hair cut by my wife every other time and therefore save a lot of money.

I also choose some reasonably priced places to be cut.

10. Remove black color (border) on documents

I especially used this tip when I was a student.

We were given articles as a pdf file to print.

The problem was, however, that it cost a lot of money for ink and the pages had some black edges/border. Most scanned pages have dark borders around them.

The solution was to edit/overwrite the pdf file and remove it.

Just search “Remove black color on documents” in Google and you will find a solution.

I saved over 50% ink by doing this.

Remember also to consider whether you need to print in color or black and white.

Black border
Save money on prints

💡 I hope you could use some of my slightly different ways to increase savings rate. Do you have one or more different ways to save money then please write a comment below 🙂


That’s it. I am writing continuously while I’m through the process myself. I therefore only write what has worked for me. 

Next blog post is about motivational quotes from 5 inspiring people 🙂

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Peter Michael

I'm an investor and the blogger behind My Investment Blog. I write about investment, financial independence, personal finance, and personal development. I try to combine the topics and show my journey towards financial freedom.

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