Begin To Save A Lot Of Money Today
If you want to have more money for investing you need to save a lot of money elsewhere in your life. You probably already know how to save money on the basics so let’s explore more advanced ways. Here are 8 tips that you will find helpful.
#1 – As Easy As One, Two, Three
One, before you go grocery shopping check your pantry so you don’t duplicate buy. Two, avoid impulsive buying by making a shopping list and sticking to it. If it’s not on the list, don’t buy it. Three, follow a weekly menu plan. Include how to use leftovers in that plan.
#2 – Eat Before You Go
Never, ever go grocery shopping hungry. If you do, you will be more tempted to succumb to the aroma of freshly baked bread or cinnamon rolls from the store’s bakery. By the way, grocers use scents and aroma’s in their stores for a reason, to get you to make an impulsive buy.
#3 – Ads and Coupon
Use what is on sale to plan your meals. Every week the sale items usually change so you will enjoy a variety. Produce is a perfect example. You will find different produce items on sale during different seasons. Coupons can save money a bit at a time. If you use coupons on a regular basis you will see your savings add up.
#4 – Take Your Lunch With You
The trickle down effect of brown bagging your lunch to work every day is amazing. It can be one of the best ways for you to save a lot of money. You not only save money on the cost of food but also the cost of the gym. When you take your lunch to work you save calories so you will not need to work out as much. You could feasibly save on the cost of health insurance premiums also; you will be healthier since you will be avoiding restaurant food.
#5 – Be Your Own Chef
In addition to preparing your own lunch every day you can also save a lot of money by cooking at home for dinners and on weekends. You save money on the cost of the food, taxes of a restaurant menu item and tipping of the wait staff. Plus you also avoid the hassles of parking, crowd noise and long lines.
#6 – Do Your Own Coffee
Why does the coffee from a gourmet shop always seem to taste better than the coffee you make at home? Maybe because deep down you know you paid more for it so psychologically you have to justify that extra cost somehow. Make your own coffee at home, save money.
#7 – Pay Your Bills Pronto
Your bills have to be paid eventually anyway so why wait and incur interest, late charges and penalty fees? Avoid two of the three charges by at least paying the minimum on time. You save the most money by paying off your credit card balances as you incur them. The ultimate is to never carry a balance.
#8 – Avoid The Draft, Overdraft That Is
Pay attention to your bank balances. The best way to stay on top of that is to balance your check book every month. The day your bank statement arrives in the mail is the day you balance that statement. It’s even easier to do if you bank online.