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How To Save Money Daily

Updated on May 22, 2013

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?

Save Money Food Shopping


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  • Bob Ewing profile image

    Bob Ewing 6 years ago from New Brunswick

    Thanks for stopping by.

  • Time4Travel profile image

    Time4Travel 6 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 profile image

    Bob Ewing 9 years ago from New Brunswick

    I agree Dottie1 it does add up.

  • Dottie1 profile image

    Dottie1 9 years ago from MA, USA

    Every little bit of savings helps and adds up quickly.

  • Bob Ewing profile image

    Bob Ewing 9 years ago from New Brunswick

    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.

  • C.S.Alexis profile image

    C.S.Alexis 9 years ago from NW Indiana


    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 profile image

    Bob Ewing 9 years ago from New Brunswick

    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.

  • VioletSun profile image

    VioletSun 9 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. :) 

  • Pramod Suraparaju profile image

    Pramod Suraparaju 9 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.:)

  • Lissie profile image

    Elisabeth Sowerbutts 9 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!

  • Jerilee Wei profile image

    Jerilee Wei 9 years ago from United States

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

  • Bob Ewing profile image

    Bob Ewing 9 years ago from New Brunswick

    Thanks for visiting and I agree offers can be useful.

  • guidebaba profile image

    guidebaba 9 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.

  • Scottie JD profile image

    Scottie JD 9 years ago

    Good stuff, Bob. Thanks for these tips