- Personal Finance
Just because your broke doesn't mean you can't save money to do things that you enjoy doing. Saving will let you actually enjoy your leisure time when the time comes and remove some of the worries you may have if you didn't save. Stashing some money away could also help you invest in some items that could make you even more money later, like equipment, certifications, college classes, etc. Plus you never know when an unexpected expense will pop up such as car maintenance, service fees, or a family members birthday. It's not too difficult to save and all it takes is a little self discipline. So here are some tips to help you get started saving a little money.
I know we've all heard this one, pack your lunch! Not only is packing your lunch going to save you a little money over time, but if you pack the right things you'll eat healthier. The average person spends $10.00 a day on lunch. The average cost of packing a lunch is about $4.00 each day. If you pack your lunch each day you could save around $120.00 each month. That's $120.00 you could use for a variety of things like dates, tickets to an event of choice, dinner and a movie, you name it.
This one is for you coffee drinkers. Buy a coffee maker, filters, and your own coffee. After you pack your lunch at night fill your coffee maker with coffee and water so all you have to do is turn it on in the morning. The average price of a cup of coffee is $2.50. When you do the math $2.50 x 1 cup of coffee each day of the work week = $12.50 a week. I literally just researched 240 cups of coffee for $7.62. One of these big containers of coffee should last you about a month. Making your own coffee every morning should save you roughly $60.00 each month.
Quit using tobacco. Cigarettes range anywhere between $5.00 and $12.00 a pack. Chewing tobacco/spit-less tobacco ranges anywhere between $1.00 and $5.00 a can. They are both unhealthy habits anyways. If you can't cut tobacco use out completely, start by cutting back. Nothing happens over night but you certainly can quit using with time. We all have that one friend that says, "man I know this old man who is 90 years old and he's still puffing away." Well that guy is one of a few lucky ones. As for your friend, don't believe him. Long-term cigarette smoking will affect you in one way or another. Quit smoking a pack a day and you could save $140.00 a month.
Stop driving everywhere and giving your friends rides to places when it's an inconvenience for you. Take the vehicle that gets the best gas mileage and split the cost with your friends or family when you go on road trips. Get rid of that gas guzzler you drive and buy something cheaper and better on gas. Start car pooling whenever you can. Car pooling to work everyday can save you a tank of gas or two each month. Depending on what you drive that could be up to $100.00 a month. If you live close enough, walk or ride a bike to work. You'll get some exercise and save money.
Put some money in a savings account, a mutual fund, or a retirement account. Whether you just got your tax return back, you just completed one of your first side jobs, or you just sold some old items from your closet, put that money into an account. You will earn money with your money. All you have to do is set up an account and get the money into it. You will not get rich quick but it can't hurt to make money, with money, for doing absolutely nothing. You will earn a small percentage each year and you won't have the money in front of your face to spend on useless items.