Money Saving Tips
Easy Ways to Save Money Without Really Trying
Do you ever feel like you just cannot get it together to save money? Bills pile up (and keep coming back every month- what’s up with that?!) and then unexpected expenses inevitably creep up, and the next thing you know, you’ve spent your last $5 on taco Tuesday. A worthy expense, of course, but it’s not about to do you any financial favors in the long run…
So, how do you save money when you make a fraction more than you need to live? The answer isn’t to cut back on the avocado toast (we know, you’re SHOCKED)…
Don’t Think, Just Do
Sometimes the best way to save money is to not think about it in those terms. Instead, try to change some of your habits to support a more financially fit lifestyle, and money will practically save itself.
- Plan your meals. We’re not saying you need to spend your entire Sunday prepping and cooking meals for the week. (Although if that’s your cup of tea- go for it!) We are saying that you should plan out your meals before going to the grocery store. That way you can narrow down your shopping list to the ingredients you know you’re going to use, which will mean less money spent getting a collection of things that don’t actually make a full meal, and less food wasted. Because there’s nothing quite as sad as buying a fridge full of veggies only to have it all go bad a week later.
- Buy 1 “fun” item a week. This might sound counterintuitive when you’re trying to save money, but hear us out. How many times have you gone for a long stretch without buying anything for yourself, only to splurge and spend tons of money on a one-day shopping spree? Allowing yourself one item a week satisfies your shopping urge and cuts down on those bank account-draining splurges, saving you money in the long run!
- Make your own morning coffee. Instead of heading to your nearest corner coffee shop, make coffee at home! Whether you want hot or iced, it’s easy to make it at home and take it with you on your commute. Let’s say you spend $5 on coffee every week day- that’s a monthly savings of $100! (And for you iced chai latte lovers- did you know all you need is a box of chai concentrate, milk and ice to make this treat?!) More budget-friendly caffeine ideas here.
- Set up automatic savings payments. This falls under the “pay yourself first” mentality. If you have direct deposit at your job, you can set up a portion of each paycheck to go directly into your savings account. You can do this with any amount (and every little bit helps your savings grow), so don’t be shy, even if you only want to contribute $5 or $10a paycheck. You’ll literally be saving money without even trying or thinking about it. When did you get so smart?
While these passive savings methods might not result in enough money for a vacation or bigger purchase, per say, they’re a great way to jump start your savings. Once these become habits, you can expand on them and save even more. Most importantly- start small and find what works for you!