5 Things To Save Money As An Entrepreneur

As an entrepreneur (especially if you just started your business), you probably want to spend your money on things that are crucial for your business.

Today, I’ll like to share some things that you can consider getting to save money.

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Table Of Contents

1. Google Workspace

Speaking from experience, Google Workspace is worth the investment. It offers great value for money with flexible pricing based on your needs.

I pay a small amount every month (slightly more expensive than a cup of coffee) and I get access to many tools and features, including Gmail, Google Calendar, Google Drive, Google Sheets, Google Slides, Google Docs, Google Meet, Google Chat and more.

It’s also secure and in the cloud, making it easy to collaborate with others and work on the go. You can access important documents on multiple devices (laptop, tablet and phone) and choose sharing and permission level. It’s great for businesses of all sizes!

2. Fiverr

If you have a one-time task to be completed, you can consider hiring a freelancer rather than a permanent full-time worker. By only hiring when you need something to be done, you only pay when required and thus, cutting down on labor costs.

Fiverr Pro, a global online marketplace that connects freelancers (sellers) with clients (buyers), is one great place to find professionals to complete your tasks. When I first started my self-publishing journey, I hired a logo designer from Fiverr to create my author logo. Honestly, I felt that it was really affordable. Therefore, you can consider hiring freelancers from Fiverr if budget is tight. Do remember to look at the freelancer’s portfolio and reviews and determine if he or she is the right fit for your project.

Photo by Karolina Grabowska on Kaboompics

3. Wise

The biggest reason why I think Wise is good is because I can receive USD from the USD bank account created from Wise and at the same time, I can use Wise multi-currency card for online shopping and overseas travel.

With a Wise account, you can send and receive money in various currencies and easily convert currencies with real mid-market exchange rate. You can also freeze and unfreeze your Wise card instantly at the touch of a button.

This allows me to buy matcha directly from Japan where it’s priced in Japanese Yen (¥). I can simply convert currency when the rate is good and use ¥, rather than getting charged by banks for currency conversion and bank administrative fees.

With Wise, you’re essentially killing two birds with one stone: signing up for Wise and using it for both work and personal life.

Check out my review of Wise and my how-to guide on using Wise multi-currency card~

4. Secondhand Furniture & Goods

Whether you’re working from home or renting an office, consider getting secondhand preloved furniture and goods to save money. If they’re in good condition, it makes sense to continue using them, especially if you just started your business and you need the funds for other important things.

In addition to giving these good-to-use furniture a second life, you’re reducing waste and embracing sustainability. This eco-friendly choice is also great bang for you buck (your wallet will thank you)!

Source: FashionWoodwork via Etsy

5. Matcha

Okay so this is somewhat biased. I recently fell for matcha and have been drinking matcha latte almost every day. 😅

Matcha is a great substitute for coffee because it’s healthier. Matcha contains L-theanine that’s up to 5 times more than regular green tea, providing us with heightened focus and alertness. It still has caffeine but much less than coffee (although it depends on how many grams of matcha powder you put in your drink). However, unlike coffee’s caffeine boost which is a short burst, matcha delivers a sustained energy that’s spread over a few hours. Simply put, you’ll feel alert for much longer time. Matcha also makes you less jittery (no more racing heart or palpitations). High in antioxidants, matcha helps prevent cell damage and lower your risk of certain diseases. You can drink matcha in the morning before you start work or during lunch to stay alert for the rest of the day.

I strongly recommend that you make your own matcha, rather than buying from a café. Here are the things you need: weighing scale, matcha powder, sieve, whisk or frother, chashaku or measuring spoon, chawan, cup or glass, hot water, milk (if you prefer matcha latte), ice (if you want it cold), sugar or syrup (if you want it sweet). By making your own matcha, you can adjust the drink to your liking and cut your coffee expenses.

Another alternative is hojicha. Hojicha, which contains much lower caffeine than matcha, also has a calming effect. Helping you to relax and unwind, it’s a great choice if you’re looking for a soothing tea before bed.