In these hard times, it seems very difficult to save money anymore. For most working individuals, their monthly wage is normally just enough to cover the expenses at home and to pay off existing debts. At the end, it becomes a cycle of working hard and spending all your money, with nothing left to set aside for investment or for that trip that you have been dreaming of. Break off from this cycle by making a change this year. With the simple saving money tips listed here, you can slowly grow some money on the side to cover for emergencies, recreation, and investment. So, read on and see what simple changes you can do to finally be able to save money.
1) Prepare your own coffee.
Just compare the price of a cup of coffee at Starbucks to the amount you will be spending if you make your own coffee at home, place it in a tin container, and bring it to work. You will be able to save more than a dollar a day with this improved habit. If you are craving for that hazelnut flavor, then buy a bottle of this and add it to your home-brewed coffee.
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2) Use cash.
In today’s lifestyle, using credit cards and debit cards have become the norm. This is understandable because of the convenience and security that they offer. However, if you are not good at handling your expenses, then you might as well ditch the card and go back to using cash. Even if you know that you have your credit card expenses in control, using cash once in a while can serve as a reality check of how fast money can be spent and that will make you more conscious of your expenses.
3) List down your grocery needs.
Another great tip to save money is to make a list of everything that you need before heading to the store. Not only that, make sure that you stick to your list too. This will help you with your budgeting and you will realize that it will also make you more aware of the prices of different items nowadays.
4) Buy in bulk.
While you are in the groceries, try to buy in bulk. This pertains to non-perishable items, like tissue paper, garbage bags, coffee granules, sugar, nuts, and soap, among others. They usually are sold for a lesser price if you buy them in bulk.
5) Do not delay on paying your bills.
Be organized with your monthly payment obligations. You can create a note on your phone’s calendar so that you can be reminded three days in advance of your due dates. You would not want to spend extra for fees and charges just because you forgot to pay on time.
6) Stop services that you do not need.
Another great tip to save money is to unsubscribe from services that you do not need. If you seldom watch TV at all, then stop the cable subscription. If you use your mobile phone all the time, then maybe you would not need to have a landline anymore. These are bills that you can actually do without and cutting them off will generate great savings.
Do you know?
Well, do you know that you can save up to 20% on your electric bill? Read these 5 simple tips to save money on electricity bill.
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Written by Jon the Saver
