If I told you, at the end of the year, you could have $1,000 to do whatever you want with, would you listen? Of course you would! Today, I’m going to share with you simple money saving tips to grow your savings. One of them is the easiest thing you could ever do.
It’s easy to say it, but are you willing to do what it takes to make it happen? I am. I’m not working right now, so I’m trying to do whatever I can to make sure my dollars are stretching as much possible.
#1 Make your own coffee/tea at home.
I’ve taken to making my own coffee at home, and at $4 a pop, that has already cut out a huge chunk of expenses. If you like coffee, check out my Homemade Cold Brew and join the savings. Take a look at my savings breakdown and start saving today:
It’s not difficult, I promise, and you will be glad you did it. What do you need? Nothing really, except about a gallon of discipline. You have to be able to say no to things you absolutely do not need. Also, you will be happier, and your pockets will be much fuller come the holiday season. Then, you can splurge, save, or invest, and continue to save through the next year; in the end, it’s up to you what you want to do with your hard earned savings. Honestly, once you see how much your savings increases and you watch those numbers rise, it can become an addiction. It’s fun!
Why is this my favorite money saving tip?
If you think about it, $4 a day is what you would normally spend on an unnecessary, most likely unhealthy snack or beverage. Cutting out those items leads to money saved as well as better overall health, so long as you’re making other healthy choices as well. Now here’s the key: You have to actively take the money out of your spending account and put it away into a savings fund. There’s no excuse to be touching your savings fund unless it is an absolute emergency.
Birthday gifts and dinners are not an emergency and neither is a semi-annual sale at Bath and Body Works. I know, it hurts me too, but you’ll be ok. Having a savings account is extremely important, especially in this struggling economy. Once you take it out and put it away, do not touch it. Don’t even look at it. You can take a look at it after you’ve completed 52 weeks of dedicated savings, and you will be so damn proud.
#2 Grocery shopping once a week with a list.
The key to this is to stick to your list. Many times I’ve gone to the grocery store without a list and wasted money on stuff I thought I needed, but not really. When you make a list in advance, you already have a plan – meals and budget. Stick to it, and you’ll see more savings and less waste. A bonus, you’ll save money on gas by limiting your trips to once a week.
#3 Limit yourself to eating out only on special occasions.
If you like to eat out a lot, I’m going to assume you’d rather go out and quickly pick something up than slave over the stove cooking. This is common, especially after you’ve had a long day at work. Trust me, you’ll save a ton of money if you just follow the first two steps above and meal prep for the week.
Meal prepping can take a lot of time at first, but you can use this time to meditate on your week ahead. While you plan and prep your meals, do the same for your week. You’ll find that it’s easy to fall into a nice little routine – a little break that you need to focus on yourself, your health, and your mind.
As you can see, a lot of my favorite money saving tips revolve around spending less on outside food and drinks. If you’re like me and see money spent mostly on food, implementing these tips will be absolutely beneficial to your savings plan. You don’t really have to do much – just make your own food. You’ll be healthier and save a ton of money at the same time. Check out more savings tips here.
What are some ways you plan to save money this year?
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