Big savings are built by little changes. Budgeting is important. Downsizing is important. But often the best way to save money is to make slight changes to your lifestyle that you can forget about, changes that might seem a little drastic at the time, but eventually you won’t even notice…and still the money will pile up in your bank account.
There are a lot of tiny everyday things that we end up spending too much money on. Often, if these things can be cut out of our budgets, then we can focus on saving that money for something big, like a new car, a couch, or even a house. Take a look at this list and see what you might be spending too much money on that you can cut out, substitute, or find a way to reduce the cost of.
Let’s face it, between buying coffee to make at home, buying creamer to put in our coffee, and buying coffee out in a coffee shop as well…we spend way to much money on our coffee. If you really need your coffee fix, try switching to drinking coffee at home only, and then slowly reducing the amount of coffee you drink. This will not only do wonders for your wallet, but for that caffeine addiction almost all of us have, as well.
2. Eating Out
Eating out for upwards of $15 a meal starts to add up quickly. If you’re eating out a lot, then you’re eating through your food budget as well. Try spending just a tad more on groceries per week and cutting your eating out down to once a week, or better…once a month. You’ll start to see a huge difference.
Snacks are a dark, deep hole, my friend. That bag of chips from the vending machine or that box of cookies you get during your weekly grocery trip can have a drastic effect on your food bill. While it may not be a good idea to cut snacks out altogether (you might get a craving and then binge-buy a bunch of stuff), try cutting down the amount of expensive packaged snacks you’re buying and replacing them with fruit and other less expensive, healthy options. Not only will this save your wallet, it’ll also do wonders for your health, too!
4. Bottled Water
Bottled water isn’t worth the money. It’s just not. According to Business Insider, bottled water costs 2000 times more money than regular tap water! If you’re buying for the convenience, buy a metal, plastic, or glass water bottle that you can wash and re-use. They only run about $8-$20 each, depending on what you get, and unless they break, you only have to buy them once.
If you’re buying bottled water because you don’t like the taste of your tap water, try investing in a filtration system, whether that comes in the form of a water pitcher filter, or something more permanent you attack to your faucet, it’ll be worth all the money you’re spending on bottled water every day.
5. Cable TV
Cable costs you around$50-$80 a month. Most of those channels you probably don’t even watch already. Add a movie rental on top of that money, and you’re looking at $80-$100 a month, just on entertainment.
You can cut this huge cost down dramatically by switching to internet-based entertainment providers, like Netflix, Hulu, or Amazon Prime. These providers not only give you hundreds of unlimited TV shows to watch, commercial free, but also thousands of popular videos available to either stream, or rent at extremely low prices. This can cut the money you’re spending on entertainment down by up to $50 a month. It’s worth giving it a try.