5 Ways to Save Money Without Even Trying
photo credit: G & A Sattler
Saving money isn’t always easy, especially with gas prices on the rise, little job stability, and an economy that feels quite recessed. It’s all about being frugal though, and a look at your finances and spending habits should help you identify where you can save. For a little inspiration, check out these five easy ways to save money:
- Buy in bulk: Many items on your grocery list can be bought in bulk, such as canned goods, Ziploc bags, and juice packs for your kids’ lunches. Buy several months’ worth of these goods, and you’ll not only reduce your per-item cost, but you’ll save money on fewer car trips to the store.
- Shop used: Stores like eBay, Craigslist, and your local classifieds are a great way to buy at a reduced cost. Don’t shy away because used sounds like a bad word - many used items are barely used, in great condition, and can be bought for just a fraction of a lesser-quality equivalent bought new.
- Avoid ATM fees: This seems simple, but check out your monthly bank statements. If you’re paying for ATM withdrawal fees, you’re wasting your hard-earned cash.
- Write it all down: For the next three months, write down every, single purchase you make, right down to the newspaper and coffee that you pick up at the convenience store. By forcing yourself to note every expenditure, your spending will go down almost on its own.
- Save every $1 bill: This one is a little more involved, but commit yourself to saving every $1 bill ($5, if you’re brave) that passes through your hands. You can save hundreds of dollars a year this way!
This entry was posted on Monday, September 1st, 2008 at 4:32 am and is filed under Budgets & Money Management. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
