Saving money is a process that requires both discipline and organization. By following a few simple tips, you can easily put away $200 each week.
1) First, take a look at your spending habits. Track where you are spending your money for two weeks. This will give you a good idea of where your money is going and what areas you can cut back on.
2) Make a budget and stick to it. Determine how much you need to spend on essential expenses such as food, shelter, and transportation. Then allocate the rest of your income to savings and discretionary spending.
3) Automate your savings plan by setting up automatic transfers from your checking account to your savings account each week. This way, you’ll never even see the money and won’t be tempted to spend it!
4) Finally, live below your means by making conscious choices about your lifestyle. Consider cooking at home more often instead of eating out, driving an older car instead of buying a new one, or taking advantage of free entertainment options instead of expensive nights out on the town.
Ring your utility provider. Not what you would normally put your hand up to do, I know, but there is money to be found here
If you’re like most people, you probably dread getting your utility bills each month. They always seem to be higher than you expected, and it can be tough to figure out how to make ends meet. But what if I told you that there was a way to save money on your utilities each month?
Ring your utility provider. No, seriously. It may sound odd, but give them a call and ask if there are any discounts or specials that you may be eligible for. Many companies offer discounts for seniors, low-income families, or customers who pay their bill on time each month. You may be surprised at how much money you can save just by asking!
Another tip is to try and use energy-efficient appliances whenever possible. This can help lower your overall energy usage (and thus your bill), plus many utility companies offer rebates for purchasing energy-efficient appliances. So it’s a win-win!
Finally, make sure that your home is well insulated. This will help keep the heat in during the winter and the cool air in during the summer, both of which will help lower your energy usage (and bill).
Fill you your car with fuel on Wednesday, not a weekend
If you’re looking to save money on your weekly expenses, one area you may want to focus on is your transportation costs. One simple way to reduce your spending in this area is to fill up your car with gasoline on a Wednesday, rather than a weekend.
Weekend gas prices are often higher than they are during the week, so by filling up your tank mid-week, you can save yourself some money. In addition, many gas stations offer discounts or coupons if you purchase fuel on certain days of the week. So, if you’re able to plan ahead and fill up your car during the week, you could potentially save even more money.
Of course, this isn’t always possible for everyone. If you have a busy work schedule or family commitments that make it difficult to get to the gas station during the week, don’t worry – there are other ways to reduce your transportation costs. For example, carpooling with friends or co-workers can help split the cost of gas and parking fees. And if public transportation is an option in your city or town, taking advantage of buses or trains can also be much cheaper than driving yourself everywhere.
No matter what YOUR personal situation is, there are surely ways that YOU can save money on YOUR weekly transportation expenses – so start thinking about how YOU can cut down YOUR own costs today!
Buy a Nespresso
Nespresso machines are single-serve coffee makers that use pre-measured capsules of coffee to make one perfect cup at a time. They’re super easy to use, and they make consistently great coffee that’s far better than anything you could get from a drip coffee maker or even most cafes.
What’s more, Nespresso machines are relatively inexpensive, especially when you compare them to other high-end coffee makers. A decent quality drip coffee maker will set you back around $100, while even the most basic Nespresso machine starts at just $69.99. And when you consider that each capsule of coffee costs around $0.70 (and makes one full cup), it’s easy to see how quickly the savings add up.
Over the course of a year, buying your morning coffees at Starbucks every day would cost you around $1,000 (assuming you spend an average of $5 per day). But if you switch to using a Nespresso machine at home, your annual coffee bill would drop down to just $200 – meaning you’d save an impressive $800 over 12 months! And if you enjoy lattes or other specialty coffees from time to time, your savings would be even greater since those drinks can easily cost upwards of $7 each when purchased from a cafe.
Of course, there’s more to saving money than simply cutting down on your spending – but if reducing your expenses is one of your goals for the year ahead, buying a Nespresso machine is definitely worth considering!
If you do eat out, share
If you’re looking to save money, one area where you can cut back is eating out. Restaurants can be expensive, and if you’re trying to save money, it’s best to cook at home. However, we understand that sometimes cooking at home just isn’t possible or desirable. If you do eat out, there are ways to save money.
One way to save money when eating out is to share meals. Most restaurant portions are large enough for two people anyway, so why not split a meal with a friend or family member? This will cut your costs in half and fill you up just as much.
Another way to save money when eating out is to look for restaurants that have happy hour specials. Many places offer discounted food and drinks during certain hours, so if you’re looking to snag a cheap bite, this is the time to do it. Just be sure not to overindulge so you don’t end up spending more than you intended!
Finally, always check for coupons before heading out to eat. You’d be surprised how many restaurants offer discounts if you have a coupon with you. Whether it’s buy one get one free deals or percentage off your total bill, coupons can help you save big time when dining out. So be sure.
