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It Is Possible to Easily Save $10,000 a Year

Updated on November 24, 2014

It always seems to be a struggle to put money away

Putting more money away for savings means more money for fun and a rainy day fund when you need it
Putting more money away for savings means more money for fun and a rainy day fund when you need it | Source

Amazon has great advice on seeing your savings grow

Savings are found in many places we already know

With our current economy on the mend, a lot of people still feel the crunch in the wallet. This means they continue to search for ways to save money or ways to stop spending as much. You do not have to be cheap, but it does matter where every dollar goes when you save. These are several places to find extra dollars to put in the bank and build a nest egg or see a savings balance grow.

Where does the money actually go

Review where your money actually goes every payday and discover if you have any extra to put into a savings account. Lots of people are surprised to find they do have extra monies to put in the bank. Tightening the purse strings on several items where less is more is where lots of the additional income emerges.

Many of these changes made to using disposable income are easier than you imagine and will save you $10,000 by the end of the year.


The lawn and garden industry happens to be where Americans lay out nearly $80 billion a year. Every household using a lawn service spends an average of $1200 over a 12 month period. Most of this cost is for labor and not materials. This means if you change who actually does the labor you collect at the very least an added $600 in your pocket every year. You will see more depending on how much of the $1200 is labor.

Not only will you realize a larger balance in your savings each year, there is another benefit. Doing the lawn work yourself means the possibility of getting of any gym membership you pay for. Doing work in the yard or garden burns an average of 330 calories an hour. Paying yourself for working out by working in the dirt is not a bad thing to do.


Gardening gives a variety of benefits. They include being a wonderful hobby or way to spend extra time along with a method of getting exercise. One of the important benefits gardeners see is an excellent source of fruits and veggies on their table. All of these help you to avoid spending money.

As a hobby, running a garden is definitely on the cheap list of hobbies. The added exercise is one less gym membership fee. Putting healthy fruits and veggies in the kitchen lowers what is spent on groceries. Fewer trips are made to the market when growing your own foodstuffs which saves gasoline in the car. Every one of these mentioned is dollars collected in the bank every year.

A garden with summer fruits and veggies of only tomatoes, cantaloupe, cucumbers and peppers reduces the budget enough to notice a lot of extra change in your pocket. As the cost of your favorites in the fruit and vegetable department soar during their popular season, you will salt away an average of $300 over the course of one season with the food savings alone. Add the gym membership, gas and less expensive hobby to the list and imagine how much is accumulated over a year.

Adding great vitamins, fiber and other supplements your body needs to your diet is another advantage of growing your own food in a garden. You gain more than extra pennies in your pocket when all is said and done.

Watch the inside temperature

Drastic changes to your lifestyle are not needed to see savings with energy to heat and cool your home. In fact, a difference of only 3 degrees and a couple of other changes will net you $500 at the end of the year.

A change of 3 degrees in the summer and winter months from your normal thermostat reading is reasonable without feeling a pinch. Other energy saving techniques include; insulating the water heater, turning the hot water heater down to 120 degrees and using an automatic timer to turn it off when it’s not being used. All of these minor changes to efficiently heat and cool your home is bringing you $500 closer every year to the $10,000 goal you are looking for.

Rethink how you get around

It’s much easier to drive your own car every day to work or play. Though, if you are looking for more ways to increase a bank account balance use other methods to get around town. Devices at your disposal include public transportation, walking or bicycling. Two out of three of these not only make you richer, but they will also make you feel better. Walking and biking are both remarkable ways to exercise to make you healthier and richer.

The average household saves thousands of dollars on gas, auto upkeep, insurance to cover it, repairs needed and maintenance for a car. For most individuals it is only driven a few miles each week. One advantage to using public transportation, walking or biking where you need to go is less wear and tear on your vehicle. This makes a better resale value when you sell it or trade it in. Using your car less will lower costs like maintenance, gas and upkeep. Even insurance coverage is altered depending on how much you modify your driving needs.

A conservative annual estimate is $6000 for the average round trip of an American daily commute of 32 miles for the weekdays and even more for those who drive farther according to AAA. Bigger city citizens will spend more money while smaller towns spend less. The average of $6000 is astonishing.

Lots of companies are promoting their employees to go green to and from work. They are paying for bus fare and encouraging riding bikes. A healthier environment is always priceless.

Things you can absolutely do without

Items in this category are items like cigarettes, lottery tickets, drinks in the bar or restaurant, a six pack of beer on the weekend, a bag of chips, large designer coffees or an extra candy bar every other day. You can absolutely do without everything on this list, but they are nice to have. Most if not all of these are bad for your health and pocketbook.

An American family spends or wastes $2000 on average each year on these items. Most are not needed, but simply wanted. This is a big chunk of change in the bank for many things in the budget that seem as if they only cost a little bit of change every day.

These small items we want everyday add up quickly to wasted dollars in a year.

Eating out

Everyone knows this is a budget buster. Anyone looking for savings would do well to cancel reservations at your favorite restaurants. Did you know firing up the grill whenever you can saves energy costs as well as your cholesterol level? Not going through the drive thru of your favorite hamburger joint will save you fuel and your car’s wear and tear?

This is a two items for the price of one for many people, especially anyone that is health conscious. Nixing eating out will save you money at the gym since you eat much healthier at home.

The average household sees more than $1000 put away at the end of the year, not counting all of the added bonuses that come along with not eating out. By saving on more than one of the items mentioned, including your gym membership, even more than $1000 is realized.

Unplug it or turn it off

Unplugging the appliances not in use will avoid throwing away money on extra energy costs. Look at an extra $200 found here. Along with unplugging what you are not using, think about turning it off or not turning it on if you do not need it.

The clothes dryer is the easiest one to skip on. Hanging clothes on the line to dry saves an enormous amount of energy. Washing machines will also put more money back in the budget. Wash clothes in cold water will net another $200 and make them last longer.

Clothes washed only in cold water last up to 50% longer than any washed on hot or warm. Do not fret they are not getting clean enough. There is laundry detergent specially formulated for washing everything in cold water which ensures they are cleaned as well as warm water loads.

In conclusion

All of these will not be answers for a number of people because of a variety of factors. For an example, if you don’t own a car you wont realize a savings by using public transportation. If you don’t use a lawn service or happen to enjoy apartment living, lawn and garden care services money saved is irrelevant. However, for a number of Americans lots of these saving measures will be identified as usable for increasing your savings account.

Use as many of these as possible or tweak them to fit personal circumstances and see the bottom line increased over time. Will you accumulate $10,000? The answer is yes, it is possible. There are a number of individuals that will see even more dollars put away depending on what is spent each year for an item or service listed here. In addition to saving dollars you will protect the earth or natural resources, get exercise and healthier as a by-product of filling your wallet. What more could you ask for?

Using coupons 101. How to get started saving using coupons

© 2013 smcopywrite


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    • smcopywrite profile image

      smcopywrite 5 years ago from all over the web

      everyone wants more money to spend, but unfortunately it is not always there. thank you for your comments and understanding for what so many people are struggling with at this time.

    • KellyG05030 profile image

      Kelly 5 years ago from New England

      Great article!! It really makes me take a minute to think about the changes I could pretty easily incorporate into our family lifestyle to save some money!

    • Klavdija Frahm profile image

      Kendi 5 years ago from Slovenia

      Great hub, thumbs up! I'm one of those people who's trying to save some money and you give me some new ideas! Thank you for great hub!

    • Kathryn Stratford profile image

      Kathryn 5 years ago from Manchester, Connecticut

      Those are very good tips. It's always nice to find ways to save money. I wouldn't be able to save $10,000, mostly because I don't make much to begin with, but I know that there are a lot of people that do pay a lot of money out to different services, and I am sure they could save a lot of money if they reigned their spending habits a bit. I always like to evauluate what I am spending money on, and in times past have been able to find many things to downsize on.

      I'm sharing, this, too. It is very useful!

    • sgbrown profile image

      Sheila Brown 5 years ago from Southern Oklahoma

      Great information here! Since my hubby retired 5 years ago and I was "downsized" amost 2 years ago now, we have found many ways to cut back on our spending and put money away for a rainy day. We have always lived rather frugally, I guess I have been a penny pincher all my life! We have always done our own lawn care and we have grown a garden for 25 years now, which has been a huge money saver. I have found that one of our biggest expenses is gasoline! It's outrageous how the price keeps going up. I actually wrote a hub a while back about how to save on your electric bill. You have some great tips and suggestions here. Voting up, useful, interesting and sharing! :)

    • smcopywrite profile image

      smcopywrite 5 years ago from all over the web

      when you have had a lot of extra income for a number of years, finding yourself in financial hardship is a difficult life change. However, it is not impossible to make these adjustments and benefit from them.

    • Angela Blair profile image

      Angela Blair 5 years ago from Central Texas

      Excellent Hub and suggestions -- for some of us that are retired and on a fixed income -- like Social Security only -- these are definitely standard "savers" for all of us. As to eating out and pleasure outings -- well, lots of us kind of depend on younger family members to invite us out occasionally otherwise there's no "eating out." For a fact, one can adjust to whatever financial ci4rcumstances they find themselves in -- but yes, some are easier than others. Enjoyed the read & thanks! Best/Sis

    • quildon profile image

      Angela Joseph 5 years ago from Florida

      Excellent money-saving tips in this hub, some of which I already use, such as lowering my thermostat, but I've never turned off my water heater. I love gardening, but don't do it anymore since I moved to an apartment, but thanks for writing this helpful hub. Voted up and useful.