I can’t believe I almost missed today’s post with just a few days left in my blogging challenge!
But I made it in time, and I’m here to share some money saving hacks with you.
These are little things you can do each month to help you save here and there, and eventually you small monthly savings will add up over time.
All of these things don’t require much effort and are therefore easy to start or implement into your current monthly routine.
Let’s jump right in!
Set up a monthly budget. If you don’t have one already, you should absolutely create a budget ASAP. You can use online resources like Mint or do it on your own. Creating a budget doesn’t have to be anything complicated, just list out all of the expenses you know you have each month, then list out any luxuries that you splurge on regularly. Subtract your monthly expenses from your monthly income, and you’ll get an idea of how much money you have left over. If you notice that you don’t have much left over each month, you may want to consider spending less on luxuries or cutting some out altogether.
Contribute to a savings account. If you don’t already have a separate bank account just for savings, the first thing you need to do is create one. This is an extra account that is not meant to be used or even touched for a long period of time. Once you have the account, make sure you are contributing to it every month (or every 2 weeks, if you can swing it). I have a set transfer from my checking account to my savings account, occurring twice monthly. As my expenses and my salary change, I change this amount, but I do make sure it is always happening bi-monthly. I’ve managed to save up a nice chunk over the last year or so, and because my transfer isn’t a huge amount and it happens automatically, I hardly even notice the money coming out.
Bring your lunch. If you work full time, you may have fallen into the pattern of going out or buying lunch every day. Not only does this get expensive, it also probably isn’t the most healthy option. Since I started working full time 6 years ago, I have always made and/or brought my lunches to work, and it blows my mind to hear others talk about how much money they spend in a week on food. I light to eat multiple light meals throughout the day and then a big dinner at night, so I bring things like granola bars, fruit, rice cakes, protein shakes, cheese, raw vegetables, and nuts with me to work with me. Meal prepping is another great option; my sister makes all of her lunches for the week on Sunday, and she packs things like salad, guac and hummus with pita and vegetables, cooked vegetables, grilled chicken, baked sweet potatoes, you name it! When you’re buying and making your own food, you’ll likely save money AND you’ll know exactly what’s going into your food.
Don’t pay full price for things. Okay, so this isn’t always an option, but when you can manage it you’ll probably save yourself from spending a lot of extra money. Let’s talk shopping, for example. I have a post about apps you can use to save money while shopping, and one of them helps you to track items that you want to buy. It notifies you when they go on sale, so you can wait before buying something to see if the price goes down. I recently did this with a new pair of Steve Madden slides I’ve been wanting. They caught my eye weeks ago but I made myself wait to see if they would go on sale, and they did this weekend! I ordered them today at 30% off (plus 10% cash back!) and saved big! That money I would’ve spent by paying full price can now be saved for something else in the future. I know it can be hard to be patient living in this instantly gratifying world that we do, but forcing yourself to shop a little smarter (and not instantly buy every pretty thing you see) is a good exercise that I think a lot of us could benefit from.
Those are my quick hacks for saving a little bit each month.
Whether you want to have more spending money, are saving up for a house, or anything in between, I believe that these small efforts can pay you big dividends if you stick to them.
Feel free to share any additional tips you have for saving, or shopping smarter!
You guys know by now that I love a good shopping score. 🙂 <3