Simple Daily Changes To Save More Money 2

No matter your budget, you should always be on the lookout to save money where you can. Those extra dollars can go a long way towards funding financial goals like purchasing a house, paying off credit card debt, funding your retirement, or just plain expanding your available budget for day to day.

But, what can you do to reduce your spending? Make these daily changes to save more money:

Follow a Budget

When you have a clearly mapped out budget and know the ins and outs of your money situation thoroughly, it can go a long way towards saving money. However, there’s no point in having a budget if you’re not following it. Make a daily commitment to do what it takes to stay within your spending budget. Allotting yourself a certain amount to spend in areas like food, gas, clothing, and extras can help keep you on track - as long as you stay within the predetermined amounts.

Stop Making Impulse Buys

Impulse purchases are the number one budget killer. Making unplanned purchases, even if it’s as small as a pack of gum, on a regular basis adds up and takes away from the money you could be saving instead. Make a commitment to not make any unplanned purchases unless it’s an emergency - your savings account will thank you.

Stop Grabbing Coffee

Companies like Starbucks and Dunkin’ Donuts have made an absolute fortune based on the fact that Americans like coffee and are willing to pay for it. You don’t need to stop drinking coffee (we would never ask that) but your daily work coffee is adding up and costing you upwards of $80 a month! Try brewing at home and taking a steaming mug along for the ride. Investing in a home latte machine may even be worth the consideration for savings in the long run.

Stop Dining Out

When you’re tired, or simply don’t like to cook, dining out regularly can easily become a habit; however, this is an expensive habit. Simply reducing your regular dining out by 50% can save you a couple of hundred dollars a month, depending on your family size. That’s money you can throw into savings instead.

Plan Your Grocery Trips

Grocery shopping, even with the best intentions, can really suck up your available budget if it’s not planned wisely. Cut back on the daily trips on the way home from work and instead try pre-planning a week's worth of grocery shopping. When you plan your meals out, not only can it save you money, but it can reduce the headache of having to figure out what to cook each day. The next time you go shopping, be sure you don’t walk in without a list.

Save Your Change

Your leftover change can seem small in comparison, but it adds up. If you pay with cash, take your change and add it to a jar. When you’ve filled the jar, take it straight to your bank and deposit into your savings account - bypass your checking account altogether. If you don’t pay with cash on a regular basis, you can use apps like Acorns to automatically round up your spending and place the amount into an investment portfolio.

Turn Off the Lights

Making the daily determination to save on your utilities can save you big by the end of the billing cycle. Make a concentrated daily effort to keep lights off in unused rooms, reduce your AC or heat usage, and keep unused appliances unplugged and turned off. The amount you save on your monthly bill can go right into savings - plus it’s always a good thing to help conserve energy in your neighborhood.

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