Personal Finance Hacks You Need to Know

Published by Maku Seun on


Most people who look into personal finance eventually realize that success with finances typically comes down to two things: knowledge and action. There are tons of personal finance hacks out there, but unless you know about them and take action, you will miss out.

What are some of the personal finance hacks that can be most useful and effective for you to take charge of your financial life?

Here are a few tips and tricks that I recommend to keep your finances on track.

Watch youtube

YouTube has been a life saver for me for soooo long. And I recommend you take full advantage of the power of YouTube and don’t use it to only watch unlikely animal friendships.

Don’t want to pay for cable? There’s plentyyyy to watch on YouTube! Even full length 30-60 minute web series that are basically just like TV shows and they have a ton of movies for free.

Want to skip the handy man? YouTube has tutorial videos that can help you with basic home repairs. Expensive art not an option but still want to create a home that impresses? YouTube has endless ideas for DIYs!

Get cash back on all your purchases

There are a number of popular cash back websites. How they work is you first go through their website and click a link to a place you plan on shopping or making a purchase.

When you make a purchase, you get cash back.

It can range from 1% all the way up to 10%+, and the cash back percentage they offer for specific stores can change regularly.

Thankfully there are sites that aggregate all this information so you can always go through the shopping portal that offers the highest cash back.

Pick a career that may not be your passion but pays a decent wage.

Comedian Chris Rock’s advice for kids — “You can be anything you’re good at, as long as they’re hiring” — is good.

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NYU Stern School professor Scott Galloway’s advice — “People who tell you to ‘follow your passion’ are already rich” — is great.

It’s unpopular to say, but a career that isn’t your passion yet earns a good income can be preferable to the alternative.

This is less about money and more about freedom: A low-income passion job may breed resentment as you age and have kids, mortgages, all kinds of higher bills that become burdens large enough to suffocate the joy you get from working in your passion.

But a job you merely like that pays a decent income — provided you live below your means a save a chunk of that income — can eventually offer a level of financial flexibility that lets you pursue passions as hobbies, purely for their pleasure. (1)

Use a capsule wardrobe

A capsule wardrobe is when you have 30-50 items that can all be worn together.

It’s essentially where every item in your closet is curated and can work together.

For instance, you wouldn’t buy that trendy milk maid top just because it’s on trend and would match one other item in your closet; it would need to work with the majority of your closet.

Everything is cohesive, so it makes getting dressed a breeze.

You can configure the items into tons of different ensembles to keep looking and feeling fresh.

It really limits the amount of options when out shopping and helps you put that “use it up, wear it out, make it do or do without” mantra into practice!

Buy products from different sections of the same store

Have you heard of the “pink tax?” It’s where brands will mark up items simply because they are pink!

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Seriously, the exact same pack of razors can be priced differently, solely because one is pink.

By opting for the “mens” razors you can save money.

The same goes for buying some cosmetic or fashion items from the baby or junior section instead of adult. (2)

Pay yourself first

At the end of the day, your favorite retailer is not here to help you retire!

In fact, it’s really on you to ensure you’re covered.

So stop giving your hard earned dollars to retailers as soon as payday hits, and start paying yourself first.

Getting in the habit of paying yourself first ensures you have the means to reach your financial goals.

You’re no longer putting away whatever is left over at the end of the month (because if we’re honest, we know it’s never enough).

This shows your worthiness, self respect, and discipline.

Stop buying water

Yes, you want to get your daily dose of H20 in!

However, it shouldn’t break the bank.

Bottle water is awful for the environment and a waste of money.

Consider installing a whole house water filtration system or getting a water filtering pitcher.

If those are out of the question, consider getting the large five gallon water jug for your home. Bottled water is 2,000 times more expensive than tap and less than 30% of it is recycled each year.


These personal finance hacks can help you save more money and if you are anything like me, it can provide sufficient cash for you to start another income stream.

That’s how you get financially independent. By having many income streams.

Categories: Money Saving Tips

Maku Seun

Maku Seun is a blogger, an entrepreneur and author of Charge Your Life currently on Amazon. He has started various online businesses and is well experienced in saving and managing his money. Follow to get more money saving tips.


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