# How To Save Money Daily

## Saving Money Daily

It can be very simple to save money every day. I do. First how much do you spend at a coffee shop getting a cup of coffee in the morning? You can eliminate or significantly reduce this expense by making your coffee at home and putting it into a travel mug to take on the road to work or wherever you are going. Even if we allow for the cost of the travel mug; you will recoup that in the first week.

Consider this if you buy one cup of coffee a day and pay \$1.50 for that and do this five times per week, you spend \$7.50 per week, and over 4 weeks that is \$30.00. Now if you buy more than one cup a day that savings goes up.

How often do you buy a donut, bagel or other snack to go along with that coffee? Let us say it is three times per week and each snack costs one dollar that is another three dollars per week or twelve dollars per month. Add the cost of the coffee and your expense now totals a minimum of \$42.00 per month or \$504.00 per year.

Now what about lunch, do you pack your own or buy it? If you buy lunch three times a week and pay an average of \$5.00 per meal that is another \$15.00 per week or \$60.00 per month. This works out to \$720.00 per year bringing our total up to \$1224.00 per year.

Now may not seem like a lot but the money could be set aside for a retirement plan, an education plan or to pay down debt.

The best way to start incorporating these daily savings into your routines is for one week, keep track of every coffee, tea, juice, milk, pop or whatever type of drink you prefer, that you buy during the working day, starting from the time you leave home until the time you come back home.

Keep track of all the food items, junk or healthy, that you buy each day during that same period.

At the end of the week, review the list and add the money spent up.

Now I know people will go to great lengths to justify their treats and we should treat ourselves but it does not have to be daily. Allow yourself a treat a week if you must.

If you get into the habit of making your own coffee and packing your own lunch and snacks, you will not only save money each day but you will also save something that is equally as valuable, time.

If you have your coffee already in your travel mug you can avoid the morning drive thru traffic or standing in line for coffee. This time can be better used.

You also skip waiting to be served for lunch and waiting to pay when you pack your own, again time that can be put to better uses and reduce the rush we often find ourselves in every day.

I have just touched the tip of the unconscious spending behaviour that many people indulge in each and every work day and often on weekends. If you go to the mall, does it include a trip to the Food Court?

## More by this Author

• 21

From Spring to fall as we walk about town we pass by and fail to recognize the foods that are all around us. Even foods that we do not such as apples, pears and raspberries go unpicked because they sit on property that...

• 80

I am not talking about growing hydroponically which is an option but using natural light to keep your family supplied in some fresh produce all year round.

• 28

Landscaping your front yard can increase your property's value by up to 20 per cent. I divide home buyers/owners into three broad categories. This is simply done in order to help the buyer make appropriate...

Scottie JD 8 years ago

Good stuff, Bob. Thanks for these tips

guidebaba 8 years ago from India

Yes, I agree to the fact that we all can save great sum of money by avoiding overexpenses on food that can be avoided. Going for Promotional and Festive offers is Good too.

Bob Ewing 8 years ago from New Brunswick Author

Thanks for visiting and I agree offers can be useful.

Jerilee Wei 8 years ago from United States

Great hub! Unconscious spending is the reason many people can't save and wonder why they are poor.

Lissie 8 years ago from New Zealand

Gee food is cheap in Canada - in Australia a coffee is A\$3.50 and a sandwich around A\$5 - nice hub!

Pramod Suraparaju 8 years ago from Los Angeles, California

Good Hub. I agree with you Bob. Also I think paying with one of your debit card instead of credit cards limits your expenses. This is what I do to save money.:)

VioletSun 8 years ago from Oregon/ Name: Marie

Like Pramod I also use my debit card instead of my credit card, and what I have been aiming to do is get into the habit of saving whatever is left over at the end of the month; I transfer a percantage  to my savings, for me its an incentive to not overspend. I do have one indulgence though, once a month, I eat a nice lunch alone with dessert, and wine, at a restaurant which is my break from the business we manage at home 7 days a week. :)

Bob Ewing 8 years ago from New Brunswick Author

I do not have a credit card anymore. I uses my debit card or cash for all purchases . Transferring a money to savings is a good practice and a once a month indulgence a fair treat. Unconscious spending can be a real problem ; the buck or two at a time does not seem like much but it does add up.

My food prices may be a bit low, i rarely eat in a restuarant or get a cup of coffee out.

C.S.Alexis 8 years ago from NW Indiana

Bob,

This hub is so honest the way we spend without consideration for a few bucks. It adds up faster than we think. I know I hardly ever spend like I use to. My coffee pot can make enough for the household for an entire day for less than a cup of coffee out. Home coffee tastes better too! C.S.

Bob Ewing 8 years ago from New Brunswick Author

Thanks C.S. the money we save by not buying coffee out pays for the coffee we purchase to make at home and then some.

Dottie1 8 years ago from MA, USA

Every little bit of savings helps and adds up quickly.

Bob Ewing 8 years ago from New Brunswick Author

I agree Dottie1 it does add up.

Time4Travel 5 years ago from Canada

Yes, it's so easy to forget about the little purchases we make here and there. Great reminder to watch our spending.

Bob Ewing 5 years ago from New Brunswick Author

Thanks for stopping by.