3 Simple Ways To Save More Money

July 19, 2013, by Ken Jorgustin

3-simple-ways-to-save-more-money

Are you looking for ways to save more money and trim your personal expenses?

Well, some of your spending habits are just that… habits, and may be draining more money from your budget than you think. Here are just three ways to save more money…


 
The challenge is actually realizing where you are losing money, and then changing some of your spending habits which have been ingrained into your social behavior.

 

Coffee

save-money-change-coffee-habits

A large percentage of people come into work during the morning carrying a cup of coffee that they bought on the way in at a their favorite local coffee shop.

“What’s the big deal spending a few bucks a day for my morning coffee” you might say?

How about buying a nice travel mug, and bringing in your own that you made at home?

This will potentially save you at least $10 a week, $40 a month and $480 a year! 

If there are two people in your household getting a coffee every morning, you guessed it, by changing your habits your savings will jump to nearly  $1,000 per year! And that’s just considering $2 a day… do you get a muffin or breakfast with that??

 

Lunch

save-money-change-lunch-habits

A large percentage of people do not pack their own lunch and bring it to work. Many will take their lunch break at a sandwich shop, or buy take-out food nearby work.

I think it’s fair to say an average workday lunch from the local sandwich shop will run you anywhere from $5 to $10 per day.

Let’s take the middle ground and use $7. If you brown bagged it even just twice a week, you will save money amounting to $14 per week, $56 per month and $672 per year! …that’s just twice a week.

What if you brown bagged it every day?  That’s a savings of $35 a week, $140 a month and $1680 in a year! True, it does cost to make your own lunch, but in comparison, that cost is drastically reduced.

Packing your own lunch is not only a smart choice but often a healthier choice! Don’t use the excuse that you don’t have time to pack a lunch… It’s just a matter of habit, and might only consume 5 minutes of your time in the morning (or night before). What about just packing some of your leftovers from dinner last night?

 

Restaurants

save-money-change-restaurant-habits

Particularly in and around cities, a surprising number of people will frequent a restaurant for dinner, or stop on their way home to pick up ‘take-out’ for dinner. 

If you are a ‘chronic’ offender who eat out a-lot, or pick up dinner at least once or twice a week (or more), you’re spending a lot of money unnecessarily.

Who wants to go home and cook, right?  We all should! And for reasons beyond just saving money… We should be able to feed ourselves without being dependent upon other systems to do it for us.

Depending on your existing habits, you could easily save hundreds of dollars a month by reducing or eliminating your habit of eating out.

 
These three simple steps have the potential to save you hundreds, if not thousands of dollars each year! We are all creatures of habit. By simply changing some of yours, you could put more money in your pocket…

It’s all food for thought.