This week can be different. You can decide to save without sacrificing much. These are little, everyday decisions that we may not think twice about, but add up to a lot over the course of a year. The following are 10 ways you can save more money:
1. Go to the public library.
That new book costs $20 on Amazon. Your local library probably will have it available in a couple weeks for free. It’s the worth the wait. There’s plenty more worthwhile reading material besides that new, got-to-have-it bestseller.
2. Brew coffee at home.
Buying coffee on the go or as a regular part of your day adds up. If I bought a tall, black coffee at Starbucks everyday for a year, I’d see $692 less in my bank account. More importantly, that money saved could be gaining interest or used to pay off debt. Brew your own coffee and save a huge chunk of change.
3. Pack a lunch for work.
Lunch doesn’t have to be expensive. By packing a lunch, you’ll be saving a boatload of cash at the end of the year.
4. Drink water when you go out to eat.
Soda, alcohol, and juices all cost an arm and a leg at restaurants. Drinking water will usually save you about $2 a meal. That little savings can add up quick.
5. Look on Craigslist for free or low-priced furniture.
Craigslist is a wonderfully simple way to get furniture, devices, and appliances at dirt-cheap costs or for free. It’s worth a look before you buy new.
6. Walk, bus to work.
Cars are a money-sucking parasite. I should know. Take the bus – better yet, walk – to school or work. This could save you thousands of dollars a year.
7. Shop for groceries once a week.
Supermarkets are prime places to spend discretionary funds on things you don’t absolutely need. Reduce the amount of times you visit, and you’ll see a nice savings in gas used and extra items.
8. Use a rewards credit card for non-discretionary purchases (i.e., supermarket and gas station).
If you’re going to be making the purchase either way, make sure you’re making the most cash back possible. The best deals are usually with cash back and/or rewards credit cards.
9. Create a list of things you “want” and decide after 30 days if they’re still worth the cost.
In the moment, it can be hard to figure out what are must-haves. Given some time and reflection, you may realize that brand new gadget or appliance isn’t really work X amount of dollars. Make a list of wants and see if you still feel that need after a month.
10. Cancel magazine, TV, and digital subscriptions.
This is easy. Just call up every discretionary company you pay money to a monthly basis and say, “I’m done.” If you’re a hefty magazine and TV subscriber, this will net you at least a couple hundred this month.