Between the holiday spending over the last few months and the common New Year’s Resolution to put more in the bank, you might be looking for ways to slash your budget. The good news is, you can easily save more money on the things you purchase regularly and weed out at least a handful of your wasteful spending. Here are some money saving tips.
Rethink Your Wardrobe
If you haven’t yet, create a clothing and accessories budget and stick to it. Save more by:
- Shop in online and local thrift stores
- Join a clothing swap
- Sell the clothing you no longer wear
- Rent black tie gowns, instead of buying
- Download apps and join email lists of all your favorite retailers for extra discounts and savings
- Download shopping apps that allow you to comparison shop before buying
- Buy nothing without seeing if you can get it cheaper elsewhere
Eat Out Less
I don’t know about you, but some days are so busy that eating out is simply the most convenient option. But by planning ahead and stocking my fridge and freezer with fast, easy, and health meals, I slashed my dining out budget in half, resulting in thousands of more money in the bank each year. And although it is hard, cut out that daily trip to the coffee shop—and if you must go, order a cheaper alternative.
With classic coupons, digital promo codes, and shameless money saving sites, like Groupon and Living Social, you can buy the things you love for less! You can even try new restaurants, products, and services for less than full price.
As you can see, none of these money saving tips are too invasive but, when combined, can lead to big savings. Add the money you save to your savings account or use it to pay more on your car, home, or credit cards.