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We often procrastinate because saving money - and making spending sacrifices - is overwhelming. But it doesn't have to be; here are 30 easy ways to improve your spending habits - starting today.
There are all sorts of regular expenses we don't actually need. Here are 8 to reconsider.
You'll help the environment and save on gas and maintenance. Or ditch the car altogether and ride share.
Regular payments from your bank account or credit card need regular re-evaluation. Do you still need it?
Pretend your last raise didn't happen, and direct the increase towards savings.
You don't have to be an extreme couponer to save a few bucks.
Spend a little now to save a lot later! Keep up with oil changes, dentist cleanings and regular maintenance around the house.
If your company has a savings plan, join it. There are often tax benefits to doing so, and company matching components are worthwhile.
Need I say more?
Standby power can slowly suck you dry.
Save on power by getting the most out of your oven.
Even if it's small, any amount you can automatically save will accrue over time.
Use the money you make recycling towards a savings plan.
Transfer excess money in your bank account to a high-interest savings account to avert impulse purchases and get your money working for you.
Its cliché, but it works. Put each day's change in a jar and watch the savings accumulate.
...to low-interest debt. Use the savings to further reduce your debt.
You won't lose much time by driving a little slower, but you'll conserve gas and save money.
Saving starts with creatively reusing things instead of buying new.
Did you know you can replace most household cleaners with vinegar, toothpaste, mouthwash, and even powdered milk?
Go on vacation and save money! Take a staycation, do a home exchange, try house-sitting, or volunteer - for starters.
The best way to "find money" is to see what you have. Make your financial reviews a semi-annual affair.
With a simple phone call, you can reduce credit card interest, cell phone charges, and other household bills.
Saving money starts when you ask for it.
Anticipate gift expenses with a gift calendar.
If you're hitting the town, start with libations at home and keep your bar tab in check. Even better: volunteer to be the designated driver!
You can't save money if you don't know where it's going first.
You don't need to be wealthy to have a financial planner, but they might help you become wealthy.
If your kids are financially educated, they can help keep the family on-track and accountable.
Setting financial goals you'll achieve will inspire you to save more.
Make this a priority, as you're wasting money on interest. Once this is under control...
Use the money you were paying off debts with towards savings. You're accustomed to the expenditure, so make good use of it!
Do You Really Need It? 8 Expenses You Can Cut Out of Your Life
Automating Finance for the Undisciplined and Disorganized
Find the Power in Tracking Your Expenses
Nora Dunn is The Professional Hobo: a full-time traveler and freelance writer. She is a contributing writer under the CareOne Debt Relief Services Life Balance blog. Having sold her business and belongings to travel, she has been on the road since 2007. She travels in a financially sustainable manner, taking advantage of creative volunteering positions. As a former certified Financial Planner, she is financially responsible for her actions along the way. She believes there is a fine balance between planning for tomorrow, and living for today. Compensated Blogger for CareOne Debt Relief Services. You can follow Nora on Twitter @hobonora
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Well done Nora....
food for thought here
wow, so much research i am amazed.. a very simple yet to the point article but one small suggestion, it would be helpful to the reader if they actually know where they are spending money and why they dont have a control on it. i suggest you read this article.. if found if interesting..myinvestorgenie.com/.../save-what-you-earn