Believe it or not, you can save money every single day! So many of us go through our daily routines not being conscious of how much money we are wasting. Here are several ways that you can save money every day.
Change bad spending habits one purchase at a time.
The morning coffee that you stop for on your way into work is costing you more money than necessary. The first way to save money is to break this bad spending habit. Is it really so hard to make a cup of coffee at home and put it in a travel mug? Try it for one week and put the money aside that you normally would have spent on your coffee shop coffee. When you see how much money you have at the end of the week just from giving up that habit you will be shocked.
Think before you spend.
Impulse buying often costs more than thinking the purchase through. When you are at the mall or even surfing the Internet scanning through your favorite online store’s website, contemplate your purchase thoroughly. You possibly can live without another new handbag.
Plan your errands.
The back and forth local driving can eat up your gas in no time. Instead of making several trips, plan them so you are not going out of your way. It is a small thing to do but it can add up to big savings at the gas pump.
Be more conscious of where your money goes.
Keep a spending diary to track where your money is going. You will be surprised at how much waste there is and this will make it easier to cut back on bad spending habits and help you to save money every day.
Put away the plastic.
Forego using plastic – even your debit card and give yourself an allotted amount of cash for the week. Have your debit card with you in case of emergency but do not use it for anything but an emergency. Having to stretch your cash will force you to spend it more wisely and you will save money every day.
Use smarter plastic.
When you do use a debit card for paying bills, use one that will give you cash rewards or some other kind of benefits. Shop around to find the best card for your personal situation. If you are a frequent flier, use a card that gives you frequent flier miles. Still limit your use of credit to emergencies but use your debit card for bill paying.
Set financial goals.
Being able to save money every day is great. Once you get the hang of it, challenge yourself by setting bigger financial goals. Take all that money that you are saving and invest it in plans for the future. Everyone should have an emergency fund and also a savings account that they can use for a big financial goal. Now that you have managed to save money every day, work on saving for a trip or some other way to reward yourself for becoming more financially responsible. You have earned it!