If you’re interested in saving more money, all you need to do is make a few small changes. Some changes might seem big now, but once you consider just how much you could be saving it won’t be as difficult to make the changes. The good news is that you don’t have to do anything dramatic like sell your car or your home in order to build up that nest egg.
Kick bad habits.
Smoking, weekends spent at the bar or club, and even that daily $5 coffee can hold you back from saving more. Some of these habits you don’t think about because they’ve become as much a part of your life as buying groceries or new clothes. Bad habits are things that can cost you big money over the course of a year. If you spend only $10 per week buying coffee instead of $25, you can save $15. If you don’t think that you can quit smoking (or choose not to) simply cutting back on the amount you smoke each day you can buy them less often and save money.
Quit the gym.
If you don’t go to the gym often enough to warrant paying the membership cost, you may as well save yourself the money and cancel it. There are plenty of ways that you can get into shape without the gym. You should also cancel magazine subscriptions that you’re no longer interested in. You can go to the library and borrow a variety of magazines, as well as books and DVDs, for free.
Eat out less.
If you only eat out once a week, you’re probably not doing your finances much harm. If you eat lunch out every day and also eat out on the weekends, your finances are probably taking a big hit. Brown bagging your lunch will save you plenty of money throughout the week.
Change your banking plan.
If you’re paying a fee that allows you to make 50 transactions each month and you rarely use them all, it’s a good idea to change your plan to a cheaper one. You probably don’t need to be making that many transactions every month anyway. If you find yourself hitting the bank machine a lot or using your debit card to pay for everything, changing your fee may also save you from spending too much money as well.
Hide most of your credit cards.
If you carry all of your active credit cards with you, you might be tempted to use them all. Carrying a balance on many cards is a very bad idea. It’s too easy to lose track of how much you’ve spent. When the statements come in you’re probably shocked at the amount you owe. Hide away most of your credit cards and keep only a couple in your wallet. Using one or two cards regularly will most likely result in your spending less.
Use gift cards.
Gift cards are the perfect way to save money. You may have gift cards from months or years ago that you haven’t used. Now is the perfect time. If the store the gift card comes from isn’t exactly your style, look around and see if there is something you can purchase for someone else as a gift. You don’t even have to spend time trekking to each store. Order online and save yourself time and gas money as well.
Buy in bulk.
Buying in bulk can save you money in the long-run. Buy things such as toilet paper, cereal, canned items, laundry detergent, and meat will last for a while. You don’t have to worry about them spoiling and they are things you will always need. Buying in bulk can also save you money you’d spend on gas going back and forth to buy the same things more often than you really need to.
Saving money doesn’t always mean making huge sacrifices that make you feel like you’re missing out on the good things in life. Saving money is all about finding better ways to do things that you already do. Making small changes can create big savings.