Sep 30, 2014
Keep Your Change
A sad realization everyone comes to at some point or another is that money doesn’t grow on trees. And while saving money isn’t necessarily easy, it is always worth the effort.
1. Change Your Ways
Saving only 50 cents a day for an entire year will make you $182.50 by the end of the year. That’s enough for a groceries for an entire week or two. It is the little things that make the big difference. A little hinge can move a big gate.
2. A Mental Shift
Next time you go to make a purchase, ask yourself how much money this costs compared to how much you make per hour. If the outfit is $60 bucks and you only make $12.50 an hour that’s almost five hours of work. If it’s not worth it, don’t get it and spend your money in a place that will bring you better returns.
3. Say Goodbye to Bad Habits
If you eat out every night you could save big bucks over time if you planned out your meals and bought groceries instead. If you drink coffee every morning, switch to eating an apple. It’s far more healthy and you would save you an average of $276.21 per year, spending only $133.65 to buy an apple everyday versus buying $409.86 worth of coffee throughout the year (and that’s only if you buy 1 cups worth of coffee).
4. Think Before You Click
Give yourself at least 24 hours to ponder a purchase online. Oftentimes we buy things we use once or twice and then let the dust gather. So think it out before you click.
5. The B-Word
Budget. It doesn’t sound like much fun because it isn’t. However, setting up a budget is beneficially for a whole slew of reasons. It’s forces you to control your purchases. It helps you develop patience if you go over budget and have to wait til next month to buy. There are many different ways to budget, I really like mint.com.
6. Bring Lunch to Work
Easy to think, hard to do. But if you plan it out a little bit, you can save money over time if you ate a home lunch instead of going out every day.
7. Find Cheaper Entertainment
Going to the movie theater is one of my favorite things to do. The smells the anticipation and environment are very fun to be around, but a movie now-a-days costs anywhere between $25 to $40 buckaroos. Instead, go buy some Orville Redenbacher’s and rent a RedBox.