A lot of people think that saving money is too difficult. With the rising cost of products and services and meager paychecks, how can a person save anything? The fact is, knowing how to save money is important for financial security. There are many ways to reduce costs so you can start saving more for your future. Here are some easy money saving ideas to get you started.
Think about how often you go out to eat. If you buy your lunches during your work day, you are really spending too much on lunch. Make a goal of buying your lunch just once a week, and pack your lunch on the other days. Use the same approach with dinner. Adjust the frequency of your dining out to just once every two weeks, and cook more at home. After a month, you will be amazed at how much money you have saved by not dining out so much.
Instead of buying your morning coffee or latte on your way to work everyday, bring your own coffee in a thermos. With an average price at about $5 each, you can save $25 a week this way. If you go to work 50 weeks out of the year, that means you can save $1250 per year.
When buying prescription drugs, ask for generic brands. Generic brands are much cheaper than name brands and they have the same potency. You can find generic brands in grocery items, too, but sometimes you do need to compare the quality between the house brands versus the name brands. For some types of grocery products, there may not be any difference in quality. For these types of products, buy more house brands whenever you can.
Whenever you shop online, always look for coupon codes. There are many websites that specialize in compiling coupon codes for all of the major online merchants. You can often save a percentage off of your purchase or get free shipping. Merchants know that coupon codes can often drive more customers to their store, so they offer them frequently. Sign up to get email notifications from your favorite retailers to get exclusive discounts and promotions. With so much competition among retailers, you often do not have to pay for anything at full price.
Explore your local consignment stores and thrift shops for deep discounts on gently used items. Particularly for special occasion apparel, you can find great buys on designer clothes that may have only been worn once or twice. Learn when the store gets new stock so you can have the best pick of the new stuff.
If you tend to have loose change in your pockets, make a point to put them in a jar after you come home everyday. Once that jar is filled, you will see that you have a healthy sum that you can apply to your expenses.
These easy money saving ideas are not hard to adopt. The key is to have the right attitude about saving. When you can commit to it, you will be surprised at how much you can save painlessly.