Use these money-saving tips to generate ideas about the best ways to save money in your day-to-day life.
1) Annualize Your Spending
Do you pay $20 a week for snacks at the vending machine at your office? That’s $1,000 you’re removing from your budget for soda and snacks each year. Suddenly, that habit adds up to a substantial sum.
Those treats on the vending machines are so expensive, you can go and buy your treat in bulk and bring them to work. You’ll save a lot of money here.
2) Pack Your Lunch
An obvious money-saving tip is finding everyday savings. If buying lunch at work costs $10, but bringing lunch from home costs only $4, then over the course of a year, you have a saving of $2 190
This amount can make a significant contribution to a college plan or retirement fund.
3) Eliminate Your Debt Start with the smallest!
It’s difficult to budget when you find yourself with too much debt to pay per month.
A personal line of credit is an option for consolidating debt so that you can better pay it off.
Or even if it is possible, continue to pay off your debts every month. Start with the smallest credit cards or loan you have and try to pay all off this one first.
Try to double the payments every month or two months. Then when this first debt is paid, you’ll have more money every month to pay off the second and third and so on…
Once you are free to pay interest on your debt, that money can easily be put into a savings account.
4) Check and cancel your subscriptions
I remember signing up as a member to a game site for my son, with a small monthly fee of $3.98 which came out of my credit card.
Due to my own negligence, I only just realized 8 years later that it was still coming out and he didn’t have his game anymore. The total money spends here for nothing is $382.
So please don’t be like me and check and cancel those subscriptions. Verify your monthly statement.
5) Make a list and make one trip
How often guys have you gone out and forgot that you were supposed to get a couple of additional items from the store?
If you made a list this would not happen and you would save a couple of gas dollars. Not to mention you would avoid pissing off your wife.
6) Cancel your gym membership
Yes, it pays to be healthy, but if you’re only going to the gym once every couple of weeks for the treadmill, consider canceling your membership and going on a run.
It’s great to be healthy, paying a monthly fee to make exercise or run on the treadmill. Cancel this monthly fee and do it at home outside.
There are also plenty of at-home workouts that cost nothing on the internet. Some fitness classes are even recorded on YouTube.
7) Cut the cable
The cable can be so expensive particularly if you have an above-basic package. Might be an idea to switch to streaming utilizing services similar to a Fire Stick or Roku box,
“This one I didn’t stop it. I like the cable.”
8) DIY Repair (Do it Yourself)
Instead of hiring a tradesman try to attend to household maintenance and repairs as far as is possible.
The YouTube “University” is an excellent resource to guide you on numerous home-related projects. Of course, if you have to hire a licensed contractor please do.
9) Shop after the holidays-Get great deals
Typically after a major holiday, the items will go on sale or be sent to the clearance rack. This is the time if you can to actually buy and save.
Even if it may be a year early you will benefit from the cost savings are likely to be upwards of 40% and the peace of mind that you will not have to fight with the crowds next year.
10) Ask for discounts
If you are a senior citizen, a member of a savings club, a veteran, a student there are discounts that you may be able to access. Around here we 55 years old members have 10% off every Thursday!
Not every store might advertise that they do offer discounts so go ahead, don’t be shy, and ask.
11) Shop sales and stockpile goods when you can
If you can afford to, shopping sales and stockpiling on goods is another easy way to save money.
Almost everything goes on sale at grocery stores at some point, and by being smart and keeping an eye on sales, you can cut down how much you spend simply by taking advantage of lower prices.
Make a habit of checking the weekly flyers while planning your grocery list. This way you’ll know what’s on sale and where, and you’ll save loads on food and other essentials over the course of a year.
Bring coupons with you when you shop.
12) Buy Generic and do it in bulk
Do you really need to buy brand-name products? The quality is often not substantially different than the generic items. So it may be the right time to reconsider the no-name brands.
Further, by buying your items in bulk you might be able to access additional savings. If the quantity is too much then head over to the store with a friend or another member of your family so that you can split up that bulk package later.
Thank you for stopping by, share with your friends who need some advice to save a little.
Hello! My name is Lyne, Welcome to my space on the internet. Here you’ll find writing about topics such as creating More Income For Yourself By Working From The Comfort Of Your Home, online jobs, affiliate marketing, Deals, scams, saving, and making money.
It Can All Begin For You Starting Right Here with one click…
Affiliate Disclosure: This post may contain affiliate links which means I may earn a small commission if you purchase anything through one of the links. However, this will not affect what you pay!