Welcome to part 1 of our Series of Saving! We’ve compiled a list of 20 ways to save money that we'll share with you over a period of time. Saving is easier said than done, but when you're lacking inspiration, you've got us! They may not all be big, grand ways to save - but we’ve all got to start somewhere, right?
Do you and a co-worker live in the same neighborhood? Do you and your neighbor work in the same area of town? Do your children and another family’s share extra curricular activities? Start to carpool! By taking turns driving every other week you’ll start to save money on gas.
2. Brew at Home
Ditch your morning stop and brew your coffee at home. Buying grounds (or beans, if you prefer) will save you money on pricey beverages and avoid the gas (and time) of stopping! Grab a bag of Starbucks or Caribou at a local grocery store and you can save up to $3 a day- which means $21 a week, $84 a month, and a whole $1,008 a year!
3. Buy Generic
When you purchase name brands, you’re often paying for just that- the brand. Next time you’re buying flour, butter, toilet paper, or ibuprofen, go for the generic. If you’re curious, compare the labels and you’ll often find the exact same thing. Buying the store-brand can save you up to 25% each trip!
4. Get a Piggy-Bank
Ok, so it doesn’t have to be in the form of a pig; grab a jar, cup, bowl – whatever! By collecting your pocket change each day you can cash in later.
5. Brown-Bag it
Packing your own lunch for work can save you a lot of money over a period of time. If you like to go out with friends or co-workers for lunch, set a certain amount of times (say, twice each month) or a budget you’ll spend on taking lunch breaks out. Chances are your brown bag lunch will be more nutritious, keeping you and your wallet in better shape.
We hope you found these suggestions both helpful and inspiring. Remember, this is only # 1 of our Series of Saving, so stay tuned for our other tips!