Recently, I reposted a financial meme on instagram that got alot of responses from my followers. The meme basically said
“What’s an easy way to spend $10,000.00 a year? Wasting $27.40 a day on unnecessary spending”
Which I added ” It’s not that you CAN’T save money, it’s that you CAN’T stop being lazy” .
Especially in January, everyone is riding the “New year goals- save money” wave, with what I believe is the best intentions to stick to whatever they want to achieve, however everyone isn’t doing what is necessary to make those goals happen. You can not expect to save money if you continue to spend money the same way, it just doesn’t add up.
I wanted to share with you guys some tips and trick I use to save money. Not everything I do will work for your life style but maybe it’ll inspire you to analyze your financials and see where you can improve.
Coffee & Drinks
The #1 money saving trick that I feel makes an instant effect and is the easiest to start is with your coffee. I understand many people can not live without their coffee, aka my husband. However, spending $5 a day on a cup of coffee at your favorite coffee shop adds up very quickly.
(365 Days) x $5 Coffee = $1,825
Now tell me that is not ridiculous! Those $1,825 your spending on your coffee can go towards an emergency fund, a downpayment on a car or apartment, a well deserved vacation, debt, etc.
This tip isn’t particularly just for coffee, any beverage you find yourself buying alot such as teas, smoothies, etc. Whatever your taste, try and find a recipe dupe on Pinterest and make it at home.
You know that saying ” Don’t go to the grocery store hungry?” well its true. Grocery shopping is a very under rated way to save money, if done correctly you can save yourself ALOT of money. When you do your weekly trip take a few minutes and go through your pantry or fridge and make a list of what you need. Do not rely on your memory to remember what you need for that recipe or what your running low on of your favorites.
When you buy what you need and not what you thought looked good at the moment you save yourself the extra calories and wasted food.
Wasted food = wasted money, Periodt. If you didn’t finish all that fruit you bought, guess what you just lost money. If you can’t make a meal out of the items you bought, you’ll end up going out to eat or getting take out and now you DOUBLE spent. Be mindful of your eating habits, don’t over buy, stick to what you know or a recipe, and always try and cook at home.
Your wallet and your figure will thank you.
Limit Eating Out
Just because your on a money saving journey it doesn’t mean you can’t have some fun. Look at your financial goals and give yourself some realistic space for going out with friends/family for dinner or for a fast food run. I strive for once a week with my husband, we can not rationalize spending an average of $60 for a sit down dinner when our grocery shopping for the whole week is usually $110-$120. That’s half our food budget for just one meal instead of a weeks worth. However, going out and not completely restricting yourself is important so you can stay on track and not go on a spending spree.
The saying “Treat Yourself, Don’t Cheat Yourself” can still apply when your looking to save money but no te pases de verga.
Sell Your Clothes
Remember that dress you bought for that one night out but ended up changing your mind and your outfit about 20 times, sell it sis. I, like many of you, have clothing in my closet that was bought for a single purpose and once that purpose has passed it just hangs in your closet. Everyone has money just stashed away in your closet! I like using an app called Poshmark to sell my clothing. Poshmark is a great way to sell your “higher end” or brand new items so you can still get your money worth.
P.S You can sign up for Free and get $10 Credit added to your account by using my code WKNDQUAINTRELLE at sign up.
Cash Back Apps
Lastly, for the times you need to make an online purchase always use cash back apps. These apps will give you a percentage of your purchase back just for shopping through their website/app. If you were going to buy something either way why not try and get some money back for it?
I personally use Swagbucks, and love it! it’s so simple and has other great incentives like a points system that can be used towards thousands of different gift cards. Rack up enough points from the cash back, surveys, etc and pay for your bills or groceries with your gift cards. You not only save money but make some while your at it!
Ultimately, saving money isn’t impossible regardless of your income. If you set your mind to it and stay diligent you can achieve your financial goals.
What do you do to save money? Comment below, I would love to know!