Contributing to a savings account and 401(k) is already a great start, but there are plenty of ways to save money in your daily routine that you may not realize that will not only save you money each month, but if you start now and put the savings off to the side, by summer you could be sitting on a small fortune.
Not Going to the Gym? Cancel It
Every month when I see the auto deduction come out of the checking account I ask my wife if we can cancel it. It has been months since we have used it, and in fairness to her she is pregnant and has not felt good at all for much of the pregnancy, let alone being able to work out, but that $50 a month would add up to huge savings if we stopped pretending that we were going to start using it again.
Take a Look at the Cable Bill
Speaking of not using, scroll through the guide on your cable TV menu and see just how many channels you have watched in the past week or even month, and you will start to wonder why you even still pay for these channels anymore. With most of the TV that I watch these days on DVR, except sports, with streaming such as Netflix, Hulu, and Amazon, it’s a wonder why I even still pay for these channels that I will just end up later.
Avoid On-the-Go Drinks and Snacks
Life is so busy that we are always on the go, and what easier thing to do than to pull into a gas station or liquor store and grab water, sodas, or snacks on the way to your next event. The problem is that these items are a huge markup and you probably could have bought an entire case of water at the store and entire bags of chips. Instead of wasting money on these, take a trip to the grocery store and you will be surprised how long groceries can cover meals and snacks.
Reduce the Restaurant Bill
Going out to eat on an empty stomach is probably the worst thing you can do, wanting to order appetizers, salads, dinner, and maybe even dessert. You do not need most of that, so save the calories and strain on your wallet and just order a meal, and water, and you will notice huge savings. If you are really hungry, grab something at home to tide you over until dinner.
Watch Movies at Home
If you have been to the movies lately I am sure you realize that a couple going will spend over $10 a ticket on a likely mediocre movie, let alone $6 popcorn, or drinks, or even up to $10 a drink if drinking alcohol, and pretty soon you are in over $50. Unless this is like the only time a year, you get to go out, save that money, relax at home with a $5 rental or Netflix subscription and have all the food and drinks at your disposal, for free.