Wouldn’t it be great to have money left over at the end of the week? Money that can be used to splurge, or save for a bigger-ticket item?
We’re not talking the savings that was already deducted out of the week’s money.
No, this money comes from choosing frugal over spending in little ways that can add up over the course of the week. Here are five simple ways to save money each week that can be immediately put into practice.
Go Food Shopping With A Plan And Eat In
Make a list of everything needed at the grocery store before heading in to shop. Once in the store, stick to the list.
Shoppers get bombarded with advertisements for products, and groceries can be tempting places to buy more than what is needed. They don’t call it impulse buying for nothing.
To help with making the list, plan out menus for a week. Leftovers from previous days can round out the week and be money savers because you’re relying less on eating out.
Speaking of eating out, save trips to restaurants and other eateries as a treat instead of a regular occurrence.
Think of all the money you’d save if, instead of eating out two to three times a week, you cut that down to a once- or twice-a-week treat. It’s not always easy to work all day and then come home and cook, but that’s where planning the menus comes into play.
By planning out the meals, you know what to expect and how much can be eaten as leftovers on another day.
Unplug And Power Down
Turn off the personal computer and switch off the lights when you’re done using them — and then unplug those electronics.
It’s a well-known fact that electronics continue to suck electricity even if they are powered down, costing you extra on your utility bills. .
Watch The Company You Keep
If you hang out with people who spend like there’s no tomorrow, chances are you’re going to break your promises to save money and end up spending it, says financial adviser Sam Baker of GradMoneyMatters.com.
He advised keeping your distance from this type of person.”They may be nice people and mean you no harm, but hanging out with such people often can lead to a lot of unnecessary desires and discontent,” he said.
Start A Five-Dollar Bill Jar
Another way to save money is literally put it away. Consider the old trick of putting it in a jar.
GetRichSlowly’s Sarah Gilbert puts in a jar each five dollar bill she gets, saving it for later use. After just a few weeks, she had about $40 in the jar.
“I think this works by setting an easily followed rule that creates an emotional barrier between me and the money,” she wrote. “If I spend a five-dollar bill, I’ve betrayed my own set of internal rules.”
What ways can you think of to cut down on spending and start saving?