Now that the haze of the new year has lifted, it is now time to actually take action to keep those resolutions we made. For many people, saving more money is a popular resolution, however it is one of those that is easier said than done. After all, we have any extra disposable income it’s hard to say now to short term satisfaction.
This article will lay out some tips and strategies that can help you save more money each month and hopefully can make 2018 a financially solid year.
A nice weekend activity can be looking through all the upcoming deals at your grocery stores. Rather than planning your meals first, it would save you more to look at the deals before heading to the store. Craft your meals based on the selections that are on sale that week. If pork is on sale, then have a pork heavy menu. It’ a pretty easy concept to implement and can help you save a surprisingly large amount of money you can stow away in a saving account.
Be a Millennial, Cut the Cord
It is almost comical how much we spent a month on our cable, internet and phone package in the days before streaming. But now that streaming services are carving out a larger chunk of the market and the accessibility of these services as improved greatly, it is borderline foolish not to cut the cord. With Netflix, Hulu, Amazon Video, and HBONow all creating award winning original content and slashing subscription prices, there is no reason to spend upwards of $100 a month on cable package bundles.
Consult Facebook Marketplace and Craigslist
The ability to never paying full price for anything is certainly a skill. Whenever you want to make a purchase, big or small, it never hurts to check out these sites to see if someone in your area is selling what you are looking for. You’ll be pleasantly surprised what you can find and how much you save from not buying the thing at full price at the store. Who cares if it is used if it still works fine, right?
Setup a Budget
I know this sounds like a no brainer, but seeing your income per month matched up against your monthly expenses written down really does help reshape your approach. Rather than just paying your bills and forgetting about it until next month, try to make a plan and set a goal to have a certain amount you’ll put into savings at the end of the month. It can incredibly satisfying setting up a goal like this and meeting it and watching your savings go.
Home Cooking and Home Coffee Brewing
There is no better way to save money than cooking for yourself and making your own coffee at home rather than going to a coffee shop. I’m not saying you should never go out and have a good time, but if you cut your outings in half, you’ll be blown away at how much extra money you have on hand. A good investment on this front is getting a crockpot (I’m confident you can find one that’s in good shape on Facebook Martketplace) and making a week’s worth of lunches and/or dinners. Crockpot recipes are typically incredibly easy to make and very inexpensive to make, particularly compared to how much you would spend going out to eat every day.
Coffee is certainly a necessity to kick off the day, but making a pot at home rather than spending $4 a pop can be a nice chunk of change you can redirect to your savings.