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10 Simple Ways to Save Money Every Day

By on August 30, 2017
10 Simple Ways to Save Money Every Day

There are countless ways to save money on everything from restaurants and entertainment to travel. Many of these things are one-time use, however. If you’re more interested in saving a little bit of money at a time and letting your savings build, here are ten simple tips to try:

1. Plan your weekly meals.

For many families, the biggest weekly expense is food. If you plan your meals for the week ahead of time you can do all your shopping at once and take advantage of bulk savings. Weekly meal planning will also cut down on your meal prep time and you’ll be less tempted to spend money on takeout if you already have the ingredients for a meal at home.

2. Collect all of your change.

If you tend to pay with cash rather than credit, you probably come home at the end of the day with your pockets full of change. Collect all your loose change in a jar and, at the end of the month, cash it in for gift cards or cash. You could even keep it up for an entire year before cashing in.

3. Make coffee at home.

A cup of coffee at your local coffee shop probably costs you somewhere between $2 and $5. If you buy it every day, that’s $14 to $35 a week. If you switch to making your own coffee at home, even just a few days a week, you can put that money into savings instead.

4. Do all of your errands at once.

Every week you probably go to the grocery store, visit the bank, and do other errands as needed. If you can bundle them all into one day instead of doing them sporadically you can save time as well as money on gas. Doing it this way may also help you cut down on impulse spending.

5. Check prices online.

If you’re planning on making a major purchase, be sure to shop around for the best price. You can even do this with daily purchases like groceries and beauty supplies. With services like Prime Pantry and Boxed you can buy the products you most online at a discount.

6. Turn off your appliances.

If you think about it, there are probably half a dozen or more appliances in your home that you don’t use on a daily basis. For these appliances, consider unplugging them when not in use. The savings may not be huge, but every penny counts!

7. Take shorter showers.

As tempting as it may be to just stand under a stream of hot water for ten minutes, you can save a lot each year by shaving a minute or two off your shower time.

8. Pay with cash.

When you use a debit or credit card for everyday payments, it is easy to lose track of how much you’re actually spending. If you take out a certain amount of cash at the beginning of the week and limit yourself to spending only that much, you can reduce impulse buys and save money.

9. Barter and borrow.

For things like books, CDs, and tools you can save a lot of money by borrowing rather than buying. You can also save money by bartering goods or services with friends and family members. Think about whether there is a talent or skill you might be able to barter out and ask around to see if anyone has something you’d like to trade for.

10. Pay attention to weekly ads.

Keep a list of groceries, cleaning supplies, and other household goods you’re running low on and then keep an eye on weekly ads to see when those items go on sale. Even if you only save a quarter or two, those savings will add up over time.

Frugal Village

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