Easy Ways to Save Money
We all wish we were better at saving money.
I know I do!
Living within one’s means is the most essential path to achieving economic success. It’s also often the hardest path.
There are many products we want to purchase and many conveniences we want to enjoy that it’s usually hard to say no.
But saving money doesn’t have to mean missing out on the things you want. Saving money just means you must learn to think differently.
With a few small changes, you’ll be cutting costs and saving cents in no time. Let’s get started!
Food and Drink
Make Coffee at Home
Starbucks is not your friend.
While the occasional, indulgent caramel macchiato is no great sin, making a habit out of $5 coffee can damage your finances.
Those $5 a day add up to $150+ a month. If you put that amount towards saving, you would end the year with an extra $1,800 in your pocket.
The good news is, there are many creative and tasty ways to make coffee at home.
Low maintenance coffee drinkers (me!) will have no problem brewing a delicious blend in their coffee pot.
Coffee connoisseurs will find it fun to create an at-home coffee bar! Invest in quality tools like a good French press, a burr grinder, and a cold brewer.
Set aside a corner of the kitchen for your coffee bar, and now you have a fun space for entertaining.
Don’t forget the syrups!
Cook at Home
Another way to save money is to cook at home.
If you haven’t learned to cook yet, consider starting now!
Think of your cooking journey as a lucrative hobby that will save you loads of money in the long run.
Research easy recipes on Pinterest or order a few cookbooks off of Amazon.
Check out this list of best cookbooks for beginners!
I love to cook and invent my own recipes, but I can get a little careless about the grocery budget.
Remember to analyze your receipts and pay attention to the cost of each item.
Learn to meal plan and stick to the budget!
Subscriptions and Contracts
Review Your Subscriptions OFTEN.
I don’t know about you, but I’m forever signing up for free trials that I forget to cancel.
I also tend to subscribe to an app or website and then forget to use it for several months!
We all do this, so it’s critical to review our subscriptions often. iOS users can easily view both past and present subscriptions on their AppleID tab.
Don’t forget to go through your email on your search as well.
An app that helps me save money and manage my subscriptions is TrueBill.
You can link all of your bank accounts to TrueBill, and it will analyze your spending habits and identify all recurring payments.
TrueBill will also notify you when it finds a new recurring expense so you can address it immediately.
The app sorts every single purchase into a spending category so you can see what you are spending on at a glance.
Want to try TrueBill? Click HERE.
Get a Prepaid Phone Plan
Prepaid phone plans are underrated and a great way to save money on pricey cellular bills.
Many prepaid plans give you unlimited talk, text, and data for a low monthly cost – as low as $55! It’s such a relief to not worry about extra data charges and to have your plan paid before you even start the month.
May prepaid providers can set up an automatic payment plan, so your service is never interrupted.
I used StraightTalk plans for three years before moving out of the country. One of my best friends has used them for over seven years and has no plans to switch to contract!
Avoid Impulse Buying
This tip was difficult for me to learn.
I wanted to be like Ariana! “I see it, I like it, I want it, I buy it.”
But living like Ariana was costing me an arm and a leg in miscellaneous shopping sprees.
The worst part is that I can’t even tell you what I bought! Very few of my impulse buys have been things I needed or products of quality.
Last summer, I really wanted to buy a gaming laptop, but money was sparse. (Side note: I was destroying my MacBook by running the Sims 4 with every expansion pack until it barely functioned!)
When we first visited the electronics store, a member of the staff recommended a powerful PC that I wanted to buy immediately.
I probably would have if I wasn’t dealing with a ridiculous amount of credit card debt.
Instead of buying that day, we went home and ran the numbers against the money we had left for the month.
The purchase wasn’t in our means. So I waited. Whenever we visited the mall, I would steal a few minutes in the computer section to see if the price had changed.
By the end of the summer, we had enough income to make the purchase and were able to buy the laptop on sale!
I felt great about my new laptop, and I didn’t have to worry about money for the grocery budget.
Other times, I’ve waited to make a purchase and then realized that I didn’t want or need the items after all.
When online shopping, set your cart aside for a few days. When you come back to it, you might be surprised at some of the crap you threw in there out of the thrill of online shopping.
Every time I come back to my Amazon cart after a day or two, I inevitably discard an item or set a few aside for later.
Work Out at Home
Don’t get me wrong, I love the gym!
It’s hard to replace lifting racks and cycling classes with at-home alternatives.
However, if your main goal is to lose weight and you’re also needing to save money, there are plenty of at-home programs to help you do both.
If finances are tight, put the gym membership on hold for a few months while you smash through an at-home fitness program.
My favorite weight-loss and strength training program is BodyBoss.
The HIIT routines are quick, intense, and super effective.
The BodyBoss training system is evergreen because you can do it over and over again with more results every time.
There’s also a toning program for when you finally return to the gym.
An excellent option for cardio is the BodyFX dance program! Jaana, the instructor, is super high energy and fun.
The moves are rooted in Latin dance and work your core like no other! You’ll learn some tricks for the dance floor and trim your waist at the same time.
I love sweating through a BodyFX video on my cardio days!
Both BodyBoss and BodyFX are one-time payment programs with no recurring subscriptions.
For entirely free options, both Chloe Ting and Blogilates have amazing videos on YouTube. You can find program schedules on both of their websites that are fun and intense. Most of all, they get insane results! An added bonus is the fitness communities they have built on social media.
Find Chloe HERE.
Find Blogilates HERE.
Get Creative, Save Money!
No matter what your income is, there are always creative ways to cut costs and start saving money. Remember to track your expenses to see patterns and improvements. Ready, set, save!