Get moving on your journey towards savings with these 9 Ways to Save Money for Beginning Savers. You may be surprised by how quickly you build your savings!
When you looked at your budget most recently, did you sigh with relief that everything was covered with money to spare or did you have a moment where you realized that your family was going to be in trouble because there simply wasn’t enough? If you were in the latter group, take heart because you aren’t alone. Saving money at home is something that quite a few people overlook. As a result, they often find themselves in trouble with their budget. If you’ve recently found yourself needing to cut your expenses and save money, these simple tips can help you save money all around your home.
The thing with saving money at home is that sometimes those ways to save can be incredibly easy to overlook. Start with these 9 Ways to Save Money for Beginning Savers to help yourself get moving on your journey of saving. They may not seem like much, but they will add up pretty quickly to significant savings.
9 Ways to Save Money for Beginning Savers
Put your electronics on timers. Electronics that are allowed to run all of the time are a huge waste of money. Whether or not the item is powered on, it still uses power and that power still costs you money. To help cut those costs, put your electronics on timers, a power strip, or both. Doing so will keep them from drawing power when they are not being used. This will lower your electric bill significantly.
Start menu planning. A well-planned menu can save you hundreds, even thousands, on groceries each year. However, a lot of families simply don’t do it because they feel it is too time-consuming. That couldn’t be farther from the truth and in fact, it is quite easy to plan a menu each month. You can plan a menu in just 6 easy steps and once you get into the habit, you’ll be saving big on your groceries.
Use it up. Before you go out and buy anything new, make sure that you’ve used up every bit of your last purchase. If you don’t, you’ll almost certainly waste money. What happens when you open a new bottle of salad dressing while you still have one in the fridge? Usually, the older one gets pushed to the back of the shelf and forgotten about. While a bottle of salad dressing is only $2.00, if you allow that to happen all over your home, it will very easily add up to hundreds.
Wear it out. Another way of using something before buying a new one is to wear it out. This can apply to everything from your newest pair of jeans to your car. By using the item for as long as you possibly can, you’ll not only get your money’s worth but you’ll also give yourself time to find an awesome deal.
Reuse it. Teaching yourself to reuse items is one of the best ways to save money. This allows you to put off new purchases longer and spend less. If you pay attention to only one of the other frugal living baby steps in this post, make sure it is this one.
Shop once a month. The more time you spend in the store, the more money you will spend. This means that shopping once a month is the absolute best way to save money on groceries. Yes, you will have a much larger transaction total, but being in the store less means that you will have less impulse buys and spend less money overall.
Walk more. It may not seem like it but walking can save you a pretty decent amount of money. Not only will you save on gasoline, but you won’t be putting as much wear on your car. If you walk to get where you need to go, you can also skip pricey fitness classes. You’ll be healthier so you might even save money on healthcare. If you can, put on your walking shoes and hit the pavement. Your budget will thank you.
Live beneath your means. Finally, the best way to save money is to live beneath your means. Just because you can afford a huge home and shiny new car doesn’t mean you should. Keep your money close to you and spend as little as you have to and you’ll soon be a frugal living pro.
Read this article on 52 Small Changes You Can Make to Save More Money in the new year. Try to implement one a week to make the year amazing for you and your bank account! There is even a printable list of the money-saving ideas that you can download and keep in a visible spot as a reminder.