ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Why Is A Penny Saved A Penny Earned?

Updated on August 29, 2010

How To Save Money - Every Few Extra Dollars Adds Up!

A penny saved is a penny earned is the one truly time honored statement that has held up for hundreds of years and will continue to remain true until the end of time.

Over at my make a few extra dollars blog, I am constantly talking about ways and means in which a person is able to make a few extra dollars by way of the internet, but what I have failed to write about thus far is 'How a person is able to save a few extra dollars'. So that is what I would like to do today!

Saving money can be easy for some people, but for most it is a huge challenge that can potentially cause great amounts of stress. I know how hard it is for some of you to save a few extra dollars because I know how hard it is for me to save. However, it simply just takes time to prioritize and make a list of all the things that you can still live comfortably without. Luxuries, so to speak, things like star bucks coffee, cigarettes, and alcohol to name just a few, but your list should not be limited to just those few. You may like to include other unnecessary purchases like video game cartridges, take away foods, and soft drinks etc.

Anyway, saving a few extra dollars is really not at all hard to do so let me give you an example of my first save money activity. Here goes.....

As you may already be aware, I live in Japan and I commute to work by way of public transport, trains and buses. In the past, everyday upon arriving at the station in the morning I went straight into the star bucks store and bought a take away coffee that I could drink on the train. A take away coffee costs about $5 and I was buying one every morning, 5 or 6 mornings a week. A whopping $25 or $30 dollars per week that I was spending just on coffee!

So here's what I did, I went and spent $30 on a good quality stainless steel thermos and now I simply just make my coffee at home instead of buying it. It stays hot for a good couple of hours, so I don't even have to drink it on the train, I can drink it when I get to work.

As a result of me not buying my coffee at star bucks, I am approximately $1200 dollars a year better off! That's huge, enough to pay for one airfare when I take my family home to Australia in the summer holidays.

There you have it! Saving a few extra dollars is not really all that hard to do. I chose to 'quit' buying my morning coffee. The best part being that I didn't even have to give up coffee to be able to save money. I simply just gave up Brand Name coffee.

So all being said, my challenge to you is to find a new way to save a few extra dollars in your daily lives. You will certainly find that there are some things that you can easily live without and you will have more money in the bank as a result. I know I have!


    0 of 8192 characters used
    Post Comment

    No comments yet.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
    ClickscoThis is a data management platform studying reader behavior (Privacy Policy)