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How Can I Save Money?

By Edited Nov 13, 2013 0 0

 

How Can I Save Money

We all have asked the question “How Can I Save Money” many times, but often we don’t act on the question or the answers we receive. I’ve found five easy ways to save money that just about everyone can start doing NOW without any extra effort. You don’t even have to pick up the phone.

Empty your pockets at the end of the day

Ok, so this does require you to reach your hand into your pocket, and you’ll have to find a place to keep it, but I’m hoping that you’re at least willing to do that. I was surprised at the amount of loose change was leaving my pocket every week, but after just one month I had over $50 in my change bucket. By far the easiest $50 I’ve ever made.

Delay Purchases

Have you ever bought something, put it down, then tripped over it three months later still in the package? Often we buy things out of a desire to shop, not because we actually need the thing that we bought. So from now on if you want to buy something put it on a list, let it sit on the list for 30 days, and if you still want it after that feel free to buy. You’ll be surprised at the number of items that don’t end up in your house as a result, and the amount of money you’ll save.

Buy more groceries

Wait, what!? How does buying more groceries save anybody money ever? Isn’t that Just spending more money?

You might think so, but really you’re preventing yourself from making a fast food purchase later in the week. I’m sure everyone has had that moment the day before grocery day that they look through the cupboards, find nothing edible, and just decide to get a Big Mac with fries. So while spending $3 on an extra pork chop may seem painful at the grocery store, it will be much cheaper than the $10.99 you’ll spend at McDonalds. And your stomach will thank you.    

Treat Yourself

Ok, now you must think I’m nuts. This is the second time I’m telling you to spend money to save money, but it’s for a good reason. While treating yourself may seem like the opposite of what you should be doing, when you don’t treat yourself you’ll inevitably lose it at some point and go on a spending binge. And that’s when the real damage can happen. So treat yourself to that movie, just make sure you do it in moderation.

 Check your bank balance daily

It takes 5 minutes at most, and could save you from a mountain of fees. Every time you go into overdraft your hit with a large fee, and knowing your balance is the best way to defend yourself against spending money that isn’t there.


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