How to find your own hidden money?
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Did you ever think that you might be able to find hidden money right under your own nose? What would you do with an extra $1,000-$1,500 per year?
America is all about convenience, but how much is “convenience” costing you? Little indulgences you enjoy on a daily basis might be putting a bigger strain than you realize on your wallet. Here’s how to add an easy $1,000 to your bank account:
Skip the Starbucks: (okay, you can still have it on special occasions) But seriously, coffee you make yourself is nearly free in comparison to the high priced lattes. Skipping the expensive name even just one time a week can put an extra $200 per year right in your pocket!
Eat out less: I know it’s cliché, but the truth is, spending $5 a day on lunch at McDonalds really adds up. By bringing your lunch, it’s possible to eat for around $1.00 a day. If you work 200 days per year, this results in a savings of $600 per year right into your wallet! Not to mention the added health benefits by skipping the fattening fast foods!
No more bottled water: Not only is it bad for the environment, bottled waters costs $1 a pop or more. By installing a filter for your tap, you can save over $200 per year!
Get a library card: A new novel costs around $30 in the bookstore and can be bought in a used bookstore for $5 to $10. If you read a couple books a month, go to the library and check them out for free. Total savings of $500 per year or more!
Drink wine at home instead of the restaurant: You can usually buy the same bottle of wine for what restaurants/bars charge for the glass. Enjoy it in the comfort of your own home with friends and family and save big!
Clip Coupons: Coupons are easy to clip and many people are able to save big bucks by strategically using coupons for things they already buy. While savings will vary by the time you invest, simple changes like shopping on days when your local grocery store offers double and triple coupons can mean big bucks back in your pocket.
Save on Dry Cleaning: While some articles of clothing must be dry cleaned, the truth is, not everything has to be. Use your good judgment to determine what can really be washed at home. Another option is to wear things more than once before having them cleaned. Many people who work in an office don’t dirty clothing with just one wear. If a clothing article isn’t really dirty, why have it laundered at the price of several dollars per item?
There are many other ways to take a look at little indulgences that really aren’t necessary. Take a look at your weekly spending to determine what unnecessary spending you can cut back by keeping a log of all your expenses for at least one week and then evaluating what you really need versus what is a nice to have. You can thank yourself for your “sacrifices” by rewarding yourself in a year with a fantastic vacation or a great pair of shoes fully paid for by your savings!!
Tags: budget, convenience, cost, cost savings, expenses, hidden money, money, savings, spending, vacation