{"id":35498,"date":"2018-08-27T13:39:58","date_gmt":"2018-08-27T05:39:58","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=35498"},"modified":"2018-09-06T13:29:11","modified_gmt":"2018-09-06T05:29:11","slug":"7-money-hacks-definitely-will-not-work-2018","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/7-money-hacks-definitely-will-not-work-2018","title":{"rendered":"7 Money Hacks That Definitely Will Not Work In 2018"},"content":{"rendered":"

In a perfect world, we\u2019d be sipping cocktails on a beach house, our bank accounts full and fat every month; or living off a trust fund that our grandparents set up for us. Unfortunately, this isn\u2019t New York city and we\u2019re not on Gossip Girl. We live in the real world where financial planning is a real pain. Most of us are driven by instant gratification and therefore end up broke most of the time. It\u2019s inevitable, because sometimes it\u2019s hard to decide if we should pay our bills, buy groceries, and get that new lipstick by Kat Von D. On top of that, we are engulfed in debt – home loans, credit cards, study loans, and so on – so we need all the help we can get.<\/p>\n

There are countless websites out there that offer creative and ridiculous money saving ideas for those of us who always end of spending more than we should. Some actually are sound, some are irrational, others are downright impractical. We\u2019ve searched the internet and tracked down some unconventional money hacks – and here\u2019s why we think these money hacks will definitely not work:<\/p>\n

<\/span>1. Use only cash when paying<\/span><\/h2>\n

Yes, this idea is unconventional in 2018.<\/p>\n

This is actually the most common advice we have come across when it comes to saving money. The idea is to carry only cash with you so you are aware of how much you\u2019re spending. When you pay with card, you don\u2019t actually see the cash so you don\u2019t feel the pinch – until you check your balance and get a mini heart attack. While this may have been practical about 10 years ago, it\u2019s almost impossible at this point of time when we\u2019re heading towards a cashless society.<\/p>\n

Most places actually offer a discount when you pay with card instead of cash, be it credit or debit. Grab, for example, gives you special benefits when you choose to pay with credit card or the Grab Wallet instead of cash. Lazada also gives you 5% off when you pay with the virtual wallet. So the truth is that you actually save more money by paying with your card or e-wallet.<\/p>\n

Apart from that, it is also much safer walk around with cards rather than a chunk of cash in your pocket.<\/p>\n

<\/span>2. Stay at home<\/span><\/h2>\n

This could probably work for a select few who are probably Netflix junkies and hate interacting with people. If you love going out and catching up with your friends after work, this won\u2019t work for you. Plus, it is also not advisable for you to stay locked up at home. Research<\/a> has found that that staying indoors all day may fuel anxiety and insomnia, amongst other things. You can probably stay home for a few days, and anything beyond that may just drive you crazy.<\/p>\n

<\/span>3. Eating leftovers a restaurants<\/span><\/h2>\n

We could see this working if you\u2019re a waiter, but not if you\u2019re a patron at a restaurant. But if you\u2019re waiter, you\u2019re probably getting free meals anyway, or at least an employee’s discount. If you\u2019re not a waiter, how does it even work? You walk into a restaurant, be seated, and then you don\u2019t place an order? You sit and wait? Or do you order the cheapest item on the menu and wait for someone to walk away from an entree? Even if they do, the waiters clean up very quickly, so there\u2019s no guarantee you\u2019ll get there before they do.<\/p>\n

<\/span>4. DIY your plumbing and wiring<\/span><\/h2>\n

For both safety and financial reasons, we absolutely do not recommend doing this. You can learn almost anything from Google these days, and some people have gone as far as to perform a surgery on themselves based on YouTube videos. Simple plumbing work is okay, but then again you are not an expert to assess the severity of the situation. Wiring work should be absolutely off-limits to you unless you\u2019ve had some sort of training. Even then, you should not risk putting yourself through that degree of risk. You can always survey and ask around for a cheap handyman, and get someone (who is experienced) to help you.<\/p>\n

<\/span>5. Don\u2019t buy insurance, just be careful<\/span><\/h2>\n

You can be the most careful person in the world, and unfortunate incidents can still happen. One day you\u2019re fine, running on the treadmill, the next day you\u2019re admitted to a hospital with a broken hip. Of course there\u2019s the option of going to a government hospital, but what if there is an emergency and you had to be rushed to the nearest private hospital? It\u2019s always better to be safe than sorry, especially when it comes to the matter of life and death. Don\u2019t take that kind of risk.<\/p>\n

<\/span>6. Go out without a wallet<\/span><\/h2>\n

We could come up with a million scenarios on why this move would be a disaster. Unless you\u2019re going out for a jog or to pick up the newspaper, there\u2019s no reason why you should leave your wallet at home. Any emergency could come up at any point, and you don\u2019t want to be stranded without access to money. Or worse, be known as that friend who never has his wallet with him.<\/p>\n

<\/span>7. Cut your own hair<\/span><\/h2>\n

Haircuts are tricky, which is why people take courses and train to be a hairstylist. Otherwise, you might end up making a blunder – and then spend more money to get it fixed. You\u2019re better off just letting your hair grow out, and then look up YouTube on how to manage long hair and get some styling tips.<\/p>\n

Some people will go to great (and sometimes dangerous) lengths for the sake of stretching their budget. But who can blame them, because as the saying goes, \u201cMoney isn\u2019t everything, but everything is money\u201d. Have you tried any of the money hacks listed above? How did it go? Or do you have even crazier money saving tips that we\u2019ve never heard of? Let us know in the comments below!<\/p>\n","protected":false},"excerpt":{"rendered":"

There are many ways to save money, but some of these ideas are just ludicrous! <\/p>\n","protected":false},"author":37,"featured_media":35500,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[257,1,256],"tags":[],"class_list":["post-35498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budgeting","category-investment","category-lifestyle"],"acf":[],"yoast_head":"\nCreative Money Hacks Debunked<\/title>\n<meta name=\"description\" content=\"We searched internet high and low for unconventional ways to save money and did a little research to find out whether they actually work.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/7-money-hacks-definitely-will-not-work-2018\" \/>\n<meta property=\"og:locale\" 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