- Personal Finance
How to Save Money Every Day
Saving money can be simple if you have a plan and if you use that plan. The one payment that is not on many peoples’ lists is themselves, yes, that is right put you on your must pay list.
Every payday, whether it is weekly, very two weeks or once a month, put aside ten per cent of your earnings for yourself. This will add up over the years.
The best way to save money is to not spend it in the first place. Paying yourself first is the first step towards savings. The second is not to spend money that you really do not need to, do this and you can save money every day.
The mortgage or rent needs to be paid as do car payments and groceries; children need new clothes and school supplies and there are other living expenses that you will need to make. However, every day, a great many people spend money they could have saved. It may not seem like a lot on a daily basis but over the course of a week, month or year it adds up.
Let us start in the morning. Do you make your own coffee or tea in the morning or do you pick one up on the way to work? Making your own and enjoying it at home or taking it with you in a travel mug will save you a few quarters every day. Not much, true but that money is better in my pocket or the change jar at home that handed over to a takeout coffee stop.
Speaking of change jars, we have saved up to $400.00 a year just by putting change aside. This helped pay for a vacation we otherwise would not have been able to afford.
Now what about breakfast which is the most important meal of the day; breakfast gives you the energy to do what needs doing. Do you eat at home, and not just toast or a muffin but cereal, eggs, fruit, toast or some combination?
Or do you grab a muffin on the way to work, along with that coffee?
What about break time, what do you buy for break; you will be hungry if all you had for breakfast was doughnut or muffin? If you are buying a mid-morning snack to get you through to lunch you are kissing your cash goodbye; hopefully you are using cash or a debit card not eating that snack on credit.
Lunch can cost you five to ten bucks if you did not bring your own. Let’s say it is six bucks a pop, five days a week six bucks a day, 30 a week and 120 for the month. Now we are talking some serous change.
Then there is afternoon break.
You can save money every day buying taking a few minutes while grocery shopping to make sure you have items for lunch and a snack. Prepare the lunches the night before, it really does not take that long and get the coffee ready for morning. The money is better in your pocket than the doughnut shops and it does add up.