Money seems like it’s always an issue, no matter what it is needed for – tuition, savings, insurance, rent, and even bail? There are things that must be paid, and there are things that can be let go of. Here are some simple money saving habits to start getting into that in the long run, can really add up well:
- Eat out once a week instead of three times a week. Grocery shopping and cooking is cheaper than dining out all the time. Also, don’t waste food.
- Talk expenses over with a partner or spouse, if applicable, or a financial advisor.
- Have one or more fewer alcoholic drinks every week. The average American spends $1 for every $100 on alcohol.
- Shopping – reduce the money spent on wanted but not needed items. Opt away from designer clothing when something similar for cheaper can be found at another store.
- Use the ATM of your bank to avoid fees.
- Pay bills on time instead of allowing them to stack up all together.
- Resist gambling and betting. The average American loses $400 each year on gambling.
- Make a list before going to the grocery store. People who shop without a grocery list tend to buy more than those who have a grocery list.
- When shopping online, choose standard regular shipping (the cheapest option) rather than overnight.
- Privileges like Hulu, Netflix, HBO, gym memberships – do you really get your money’s worth? You can pick up a book instead of binge watching television. You can workout outdoors rather than at the gym.
These are just a few of many simple and easy ways to help save some money. Again, it may not seem like a lot of money saved daily, but you’ll see progress in the longer run.