Learn How To Save Money — The Easy Way!

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Ways To Save Money — Every Day!

If you’re like most people, you’re likely looking for ways to save money on a daily basis. But that’s easier said than done. If you’re looking for some great money-saving tips, we’ve got you covered!

Save Money

Make a weekly “money date.”

Commit to sitting down with your money once a week for a money date. During this time, update your budget, review your accounts and track your progress against your financial goals.

Plan out your meals for the week.

Taking a few hours every weekend to grocery shop and meal plan for the week will definitely save you money, as dining out is the No. 1 expense for most households.

By eating at home, you save money that would otherwise be spent on tax and tip—and you usually save calories, too.

Cut out cable.

A study by market research firm NPD Group shows that cable bills will soon grow to an average of $123 per month, or $1,476 per year.

Wait 48 hours before you click “buy.”

Since we can have anything we want these days with just the click of a button (there’s that instant gratification again), you need to find a system to help buffer your impulse purchases.

Example: Wait 48 hours before spending money on things that cost more than a certain amount. When you do, you will find that, most of the time, the item was more of a “want” than a “need.” Plus, you’ll save money and work toward being more mindful with your spending.

– via CNBC

Survive Financial Emergencies AND Save Money!

When times get tough, you need to make every dollar count. Whether you’re simply trying to pay the bills during a financial emergency, or also trying to save money, we can help! Here are some money-saving tips to help you get started.

“When you’re dealing with a tough situation, typically what happens is the amount of money you require is scaled back. You’re going to scale back on discretionary expenses and look after only those core expenses that you need.”

So where do you start?

Identify all your monthly expenses

Here are some suggestions for areas that you can make (even temporary) changes to:

  • Look at your cellphone expenses. Maybe you could scale back on your plan (do you really need voicemail? Isn’t that what caller ID is now for? Or a text message?). For families, bundling services might be the way to go.
  • How high is that heating bill? Perhaps it’s time to lower the thermostat and throw on a sweater, or curl up under a blanket.
  • If you spend a lot on eating out, consider making your meals at home. Sure, it may take more time but it’ll save you a lot of money in the long run.
  • If your family has two vehicles, think about reducing to one and making use of public transit. If you’re not quite ready to sell your car but want to save some cash, you can always put it on parking insurance which is a fraction of the price.
  • Have a child in a number of extra-curricular activities? Sit down and discuss which of them they like the least.

“Involve your family, and don’t just say, ‘We’re cutting back expenses, this is what’s going.’ You’ll have an uprising on your hands.”

“The goal here is to reduce expenses with minimal impact on lifestyle. If you cut back too extreme, it’ll be difficult to sustain for the future.”

– via Global News

Do you have any great money saving tips?

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