7 Easy Money Saving Tips That Work
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7 Money-Saving Tips That are Easy to Implement
Your savings account is a tool that can give you financial freedom and peace of mind. It provides a buffer in case of emergencies and relieves you of needless worry. When the car breaks down or your child needs to see a doctor, you have the money in the bank when you save on a regular basis.
Even a little savings can add up to a sizable nest egg, especially if you’re saving on a consistent basis!
How many people are sick of this kind of advice:
Take a look at your budget and see what you can cut back on. Figure out where your money is going every month, and how you might be able to reduce some of those costs. For example, do you have cable or satellite TV? Consider cutting the cord if it’s not necessary for work purposes. Maybe Netflix could replace the cable….are you a smoker? Quit smoking….
Let’s try a few SIMPLE things that really do add up.
Follow these money saving tips to grow your bank account and peace of mind:
Brew your own coffee.
If you still have Starbucks gift cards in your stash – get their beans and take them home. A bag of beans, which gets you several pots of coffee at home, if about the same price as two – just two – cups of coffee at their shop.
Use K-cups? Even the gourmet brands come in at about $0.80 each – which is a heck of a lot cheaper than a $5 cuppa.
Brew it Twice
One of my big money saving tips on coffee? I brew a K-cup 2 times – for my morning 2 cups of energy blast. Honestly? The second cup is only marginally weaker than the first and still has that great flavor!
How much could you save on just coffee?
Assuming that your daily premium coffee order is priced between $3.75 and $5.35, you can save between $975 and $1,391 each year!
Plan grocery shopping trips
Men tend to list groceries as they go through the store while women will plan their trip ahead of time. The result: men spend an average of $1400 per year by impulse buying items that weren’t on their original grocery list; whereas women only spend about four hundred dollars annually due primarily to careful planning before entering the supermarket doors.
By simply looking at what you have at home and making a list of what you actually need, you not only avoid the trap of impulse buying but save a lot of money by not buying things you already have at home.
Here is the tough thing, but one of the largest money saving tips: STICK TO YOUR LIST.
That can be very difficult when you browse past that clearance section or or see a great unadvertised sale. I have gotten caught on this too – I may or may not have bought 15 containers of dishwasher tabs because they were on clearance for 75% off…
Use coupons strategically.
If you have a coupon for your favorite brand, it’s money in the bank. The only catch is that you need to remember your coupon when shopping. However, if you don’t have a little patience and are more impulsive about where you buy products from, this tip will help keep your grocery bill down by 20%
You can maximize your savings by shopping at a grocery store that automatically doubles your coupons. If you truly want to ramp up your savings, deposit the amount you save into your savings account.
Media outlets, such as NBC and CBS have featured stories where power coupon queens purchase up to $250 worth of groceries for as little as $20 by doubling coupons and shopping strategically. Search their online database of videos to view these clips or hunt through Youtube.
Some grocery stores still double coupons up to $1. However, in select locations, some stores only double coupons up to $0.75.
Stack coupons and receipt offers
Regardless, you can use a manufacturer’s coupon (from the product company) with a store coupon (from your local store and usually in your weekly ad) along with the sale price to get items at a rock bottom discount. That is called STACKING coupons and it is perfectly legal.
To save money with your receipts via apps will put even more money back into your pocket.
For the best store coupon policies we love this article from the Krazy Coupon Lady.
Make Tip Jar
When you eat out, you tip your waitress 20% of your bill. Apply the same logic to eating at home. When you cook an especially complex meal, treat yourself to a tip. Keep a tip jar at the counter, and estimate the amount you would have paid for a similar meal at a restaurant, and bank 20% of that amount in your “chef’s tip jar.”
Let’s say, for a meal of pasta for four, you pay $45. Save money by cooking the meal at home, and tip yourself $9 rather than the waitress.
If you don’t have cash on you, write yourself a check and actually cash it. Alternatively, you can simply transfer the amount of your “tip” to your savings account.
Keep a jar in your laundry room and pay yourself $3 every time you do laundry. One dollar to wash, one dollar to dry and one dollar to fold. And, if you’re feeling generous, leave yourself a tip!
- Assuming that you do laundry three times per week, you can save $156 per year!
Saving money can be fun if you’re creative. By implementing these simple, quirky tips, you can put a smile on your face and add a remarkable amount to your savings account throughout the course of just one year!
Other money-saving articles you may find helpful:
- Bad Ways To Save Money Like Feeding a Family of 6 For a Buck
- The Crazy-Easy Guide To Pay Off Debt Fast
- How to Save Money Grocery Shopping
- How to Save Money on Electric Bill and Other Utilities
- How to Save Money Camping
- 10 Ways to Save Money with Receipts
- The Best Ways to Save Money On Clothes
- Save Money on Food by Shopping Online in Bulk
- Don’t Let Delinquent Debt Ruin Your Finances – with free printable!
- 7 Frugal Living Tips to Save Money NOW