Saving money rarely feels like an easy task. In many cases, you might look at your salary and think that there’s not nearly enough to go around to all of the necessities, let alone enough to put away into savings and retirement.
That being said, while it can feel as though you’re trying to stretch your paycheck at times, there may be ways you’re spending more than you realize.
Daily habits that can seem like no big deal, can equate to small costs here and there, and over time those costs can add up to much more than you know. By adopting some simple lifestyle good practices, you can all-around save more money that you could put towards better use. Start these 10 easy habits today to save money.
1. Purchase a Reusable Water Bottle
If you haven’t jumped on the bandwagon and purchased a reusable water bottle like most of the world, now is the time.
There’s no shortage of brands out there that have produced quality, durable, and appealing bottles for you to purchase at an array of price points. You’ll save money and the environment all at the same time.
2. Buy in Bulk
Groceries are no doubt one of the most expensive items you purchase. Instead of running to the store each and every time you need something, opt to purchase items you use regularly in bulk.
Whether that’s staples like flour, sugar, or pasta, or more perishable items in order for you to make large batches of recipes to freeze, buying in bulk will cut down your food costs.
3. Drive a Little Less
Between wear and tear, gas, and routine maintenance costs, the price of your car goes far beyond its sticker price. Lessen the cost of your daily commute by opting for other transportation methods.
Utilize your town’s public transportation system, ride your bike, or if in reasonable distance, walk. You’ll save money on gas and decrease the maintenance costs on your vehicle.
4. Avoid Convenience
All too often we go for what’s convenient, however, convenience simply ends up costing us more.
In place of your daily Starbucks run, purchase and brew coffee at home.
Instead of daily take-out, plan out your meals and cook at home.
By avoiding convenience, you’ll ultimately save money.
5. Cut the Cable Cord
With the array of streaming services available to you, the need for cable seems to be becoming less and less. Cut the cost of your cable service by finally cutting the cord itself.
6. Adopt Delayed Gratification
As consumers, we have a tendency to see something and instantly want it. That desire can sometimes lead us to purchase items that we not only don’t need, but after purchasing, come to regret.
Instead of instantly making a purchase, adopt the habit of sleeping on your purchase either a couple of days or weeks. You’ll likely find you no longer want or need it and ergo, will save money. And, the items you do purchase, will be ones you truly want.
5. Shop Off-Brand
Brand names, especially when it comes to food products, only serve to cost you more. In many cases, however, buying brand name products mean just that, you’re simply purchasing the name.
In most cases, opting for the off-brand will provide you with the exact same product, but for much cheaper.
6. Conserve Energy
Altering your daily energy habits is an extremely easy and effective way to save money. Turn off lights as you leave rooms, unplug unnecessary items that just suck up energy, and install and use a programmable thermostat to keep temperatures steady.
Keeping energy waste to a minimum, keeps your monthly bills from costing an arm and a leg.
7. Stick to a List
Anytime you go shopping whether it’s for groceries or clothes, the most important habit you can establish is to bring a list. When you have a list you go into your shopping trips with a plan.
Instead of buying items on a whim, you’ll stick only to what you need and save yourself from extraneous costs.
8. Repair, Don’t Toss
Your first instinct to a torn blouse or broken shoe might be to merely toss it in favor of something new. To save money, however, choose to patch up the hole, sew on a button, or take your shoes to a repair shop.
In most cases, it’ll cost you quite a bit less than if you’d purchased something brand new.
9. Compare Prices
Shopping around takes time, which is why it’s all too easy to simply go with the first item you find. Of course, by following that practice you could be keeping yourself from a better deal.
In place of going with what you find first, learn the habit of price comparison to find the best deal possible and save extra money.
10. Review Subscriptions
Subscription services seem to have taken over just about every industry. From television to books to clothes to fitness gear and music, there’s no shortage of services to subscribe to.
That being the case, ensure your review your subscriptions every couple of months to make sure they’re still worth your while. Keep the ones you love and unsubscribe from everything else, you’ll save money and save your home from clutter.
You can make this even easier by using an app like Trim. Trim will review and find your subscriptions for you so you can cut them from your budget with the click of one button.
Falling into wasteful money habits is easy, but it’s also easy to fix. By being aware of some easy habits to put into place in your life, you’ll prevent yourself from throwing money away. Adopt a few of these simple habits and help put your hard-earned money towards better financial goals and savings.
What habits have you found save the most money? In what ways have you worked to help yourself purchase less?