Save More Money Each Month with These 5 Easy to Follow Tips!
With summer right around the corner, there are so many fun and exciting things to look forward to! Tropical beach vacations, summer activities with the family, and late summer nights hosting pool parties with friends. While all of these activities are fun and exciting, they usually mean spending more money than you normally do. While there is nothing wrong with spending money, itโs important to find other ways to save more money too!
You work hard for your money, so you should enjoy it! Finding ways to save more money can be difficult. But wouldnโt it be nice to find small ways to save each month? While finding ways to save in small areas might not seem like much, it will definitely start to add up! Try following these five money-saving tips to help you save more money!
โThe slightest adjustments to your daily routines can dramatically alter the outcomes in your life.โ โ Darren Hardy, New York Times Best-Selling Author
5 Ways to Save Money Each Month
1. Make Coffee at Home
While running to your favorite coffee shop may seem more convenient and appealing than making coffee at home, those morning stops can add up fast! And we get it. You arenโt a trained barista! Your neighborhood coffee shop has your order down to a science, and that is how you like it! But, if you are that much of a coffee connoisseur, you are probably spending a small fortune on your coffee runs each year!
So why not invest in the same high-tech coffee and espresso maker as your favorite coffee shop? Or, maybe your order doesnโt even require something super fancy at home. Sure, it might cost more upfront, but it will really help you save down the road.
As a hypothetical example, letโs say you spend $6 every day at your favorite coffee shop. That adds up to $2,190 a year on coffee! And if you are tempted with a pastry or breakfast sandwich, that number can easily double, not to mention adding in a tip! So while this might not seem like the most obvious money-saving tip, each coffee purchase really starts to add up!
We arenโt saying never enjoy your favorite coffee shop again, but to consider making it more of a treat than a habit to help you save more money each month! And, think of the stress-free morning โ hopefully โ you can have now instead of waiting in long lines when you are already late for work! Sounds like a win to us!
2. Meal Plan, Meal Prep, and Eat at Home More
If you spend over two-thousand dollars each year on coffee, how much are you spending on eating meals out? Another money-saving tip might be staring you in the eye two or three times a day! You guessed it, spending money on eating out!
While take-out and delivery are easier than ever these days, your bank account can take quite a hit! There are definitely nights that call for a dinner out or picking up take-out on the way home. Try making a meal plan and sticking to it! It wonโt only help you save more money each month, but it can also be much healthier than eating out every day!
Meal planning doesnโt have to be a dreaded chore! Make it a family affair and plan meals together. If you have older kids in the house, let them be in charge of making dinner of their choice one night. If you have hectic weeks, make Sunday afternoons your meal prep day! Invest in quality food storage and have meals ready to grab from the refrigerator and freezer for breakfast, lunch, and dinner throughout the week! This will help you save money each month on those expensive last-minute dinner deliveries and help prevent wasting groceries each week!
If itโs hard to find time to shop and meal prep on your own, or you simply struggle in the kitchen, try a meal planning kit like Martha Stewartโs Marley Spoon! With customized meal plans to fit your dietary preferences, you can easily pick meals that accommodate every member of your family! And you can select the meal plan that is right for you! Meal planning kits take care of the meal prep and grocery shopping for you! Choose between 2 to 6 meals each week to fit your busy schedule. Each box comes with easy-to-follow recipe cards with helpful photos and pre-portioned ingredients for each meal.
3. Cancel Your Gym Membership
While this might appear to completely contradict your New Yearโs resolutions, please just hear us out. While a gym membership is a great idea in theory, if you arenโt going to the gym on a regular basis, is it worth the money you are paying each month? Even if you do go on a regular basis, are you using enough of the equipment to make it worth the money?
If youโre only using cardio machines or light weights, consider investing in your favorite cardio machine and weight set for your home. Or, if you are also interested in instructor-led aerobics classes but find it hard to fit class times into your busy schedule, invest in Forme or the Mirror for a space-saving smart gym at home! Digital subscriptions like Beach Body for aerobics classes are another less expensive alternative for at-home aerobics classes.
Find ways to get your workouts in without spending a monthly fee! Start exercising outside by running, jogging, or taking a brisk walk each day. Start playing sports with friends at a local park or swimming laps at the pool.
4. Find Deals Online for Everyday Purchases
Shopping online is more convenient than ever! From everyday household items to your must-have finds, shopping from the comfort of home is almost too easy! So, why not make some money while you shop to make up for so much convenient spending?
With over 3500 shops to choose from, Rakuten is the only way to shop online! Visit your favorite online store through Rakutenโs website and earn cashback instantly with qualifying purchases. Your first payment is sent through PayPal or by check within 15 days after your first qualifying purchase. From there, you will be paid quarterly.
Start using Groupon or LivingSocial to find great deals on restaurants, nail salons, movie tickets, and more! Some of your go-to places might already have running deals, or you might find something new to try in your city!
If you love to travel but donโt always love the price tag that comes along with it, start using sites like Kayak, Priceline, or Expedia to save on your next adventure! Whether itโs a quick weekend getaway or a family vacation, this money-saving tip will help you save more money on your hotel, flight, and rental car through these beneficial sites!
5. Make a Budget and Track Your Spending
While this might be an obvious money-saving tip, tracking your spending is important! Itโs easy to spend too much money if you donโt know where itโs going each month! Mint makes it so easy to track your spending and help you make a budget. Try implementing some of these super helpful features with Mint to help you save more money each month.
What is your favorite money-saving tip? Did any of these tips inspire you to save money each month? Comment Below!
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