I don’t know about you but I like increasing my income. But one don’t necessarily have to take up more overtime, get a second job or get promoted to increase your income. Cutting unnecessary expenses can save a person a lot of money. The principals of the future seem simple but difficult to remain persistent on – Set goals, Establish a saving, invest/budget and “How to achieve those objectives” to-do list. With a motivation boost and dedication, Getting started on this lifetime change starts now!
Here’s a few lifestyle changing “long term” suggestions that will help you budget and save more money in the long run.
- Stop Eating Out| If you’re anything like me, I avoid cooking any chance I get. But after adding up the take out bill the total is around the same amount that can be used for a weeks worth of groceries. Why spend $40 worth of takeout if I can get dinner for a few nights for my family.
- Coupons | Coupons is another money saving lifestyle that can save you hundreds to thousands of dollars a year. You don’t have to be a professional to save money with coupons, Simply looking through the Sunday newspaper on a boring day can save you a lot of money on food shopping in the future.
- Put off on Expensive Products | Can you honestly put off for a smart tv for another year or so? Do you really need a new laptop? Priorities over wants is very important. Holding off on a expensive product keeps more money in your pockets. Purchase the product when you have the extra income and your priorities are taken care of.
- Think Ahead | You can’t spend what you don’t see right? Go to your HR and see if you can take 5 to 10 percent out of your check for savings. However, If your employer can’t do this task, Your personal bank can do something similar to the idea.
When you first start off saving, No your not going to save a fortune. However, Saving just $100 a month on eating out can save you $1200 a year. There’s a lot you can do with $1200!
Now get out there and save!