7 Easy Ways to Save Money

#1 Make more meals at home.

This includes that cup of coffee you buy every day. Do you need that cup of coffee on the way to work? Could you pack a lunch? Can you make something for dinner that will provide for a few meals? This all adds up, think about $5.00 per day just on coffee. There is an average of 22 work days in a month so that alone is $110 savings per month. You sometimes can eat at home for an entire week with what you spend going out to eat just one time. Also, at home you know what your cooking with and home cooked meals tend to be healthier.

#2 Be creative with what you spend at the grocery store.

Where do you shop? Could you buy in bulk to save a little? This is a big part of your monthly spending and a little attention will go a long way.  Create a budget and stick to it. When you shop look at the price, do the math, and make the choice that is based on good value for the money. Maybe that brand name is not the best value. Often the off brand is made by the brand name company so you might want to give it a try and see if you like the less expensive option.  Sometimes brand names matter but can you really tell what can your green beans came from?

#3 Pay attention to gas prices.

Buy at a station that is convenient to your daily route. This way you’re not creating drive time looking for a station. Pay with cash as its always cheaper, once you use a credit card they charge more. Also evaluate your driving habits, rather than going out three times a day to grab something you might want to make a list and do it all in one trip.

#4 Manage your entertainment expenses.

Could you have more friends to your home versus going out? Think about cutting off your expensive cable and move to free TV and more internet steaming services. Take a look at our article at https://houselifetoday.com/cutting-the-cord-from-satellite/. It’s pretty easy to save $50.00 per month on TV alone. Could you wait for that movie to come out on video rather than see it in the theater? In a months’ time this can save a considerable amount of money.

#5 Don’t use your credit card unless you pay the bill off every month!

Consider a card that gives you points for every dollar you spend because over time the points can be used to purchase items. But it’s best to try and switch to a cash life. This can be difficult for some but once you get into the habit you will find it easy and rewarding. You also have a tendency to spend less because you see how much you have left after you pay for that item. The other benefit is you won’t have as many bills because you don’t borrow money. You wait until you have enough cash to purchase that item you want.

#6 Write out your monthly bills so you understand where your money is going.

Focus on paying off any high interest debt. Evaluate what is a need versus a want and consider getting rid of the items on the want list. Take some of the money you save by implementing some of the ideas in this article and pay it towards the high interest debt you have. This will help pay off your loan faster and over time will put more money in you pocket.

#7 Review your insurance once a year.

Keep your insurance provider honest, they have a tendency to increase their fees over time and sometimes a simple review and a few quotes from reputable companies will show you how much money you can save. Maybe they have the wrong coverage, with a few tweaks it’s not uncommon to save $500.00 per year. That’s about $41 per month.

 

 

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