With our wallets hemorrhaging money during the holiday season mydolr.com has put together a list of ways that you can save your money as we enter into the New Year. There is an art to frugal living. It is a way of life that you have to commit to. By implementing ways to save you can position yourself with new healthy spending habits. Here are 10 ways to save.
1. Entertainment for free:
Cut the cable and head to the library. Utilizing your local library has a multitude of benefits. If you are looking for a New York Times best seller, or the latest and greatest movie release the library is the place to be. A membership is free, but don’t be late and end up paying late fees. Streaming content on your computer will also allow you to cut your gougingly expensive cable bill.
2. Family cell phone plan:
Many if not all cell phone providers offer family plans. If you have 2 to 5 people on one line you will end up saving on a monthly basis. Don’t forget to shop around as there are different plans for different providers. Pick one that suits your situation.
3. Stay healthy:
If you exercise and eat right, your savings on doctor visits will add up. Healthy food and getting your heart rate up 3-4 times a week will make you feel great and avoid unnecessary medical expenses. Being active doesn’t mean that you have to go out and get a gym membership. Put on a sweatshirt and stocking cap and hit the pavement or your favorite trail for a jog. This will cut out the cost of the gym membership that you probably don’t use anyway.
4. Use coupons for grocery shopping:
There are countless coupons that you can acquire by mail, news papers, or online. Utilizing each of these resources to gather coupons can increase your savings at the register.
5. Buy in bulk:
When putting food on the table, buying in bulk can save money. Costco is a great place to get delicious food even organic for a good price. Even if you are shopping at your local market you can find bulk deals. Shopping for the month and not buying food again until the pantry is empty is good practice. Finish all, and then buy more.
6. Cook at home:
Not going out to your favorite restaurant and instead cooking at home is another hot habit to get into. You save a significant amount of money not going out to eat, and you are able to put some love into a nice warm meal for the family. Not buying frozen foods and actually making it will provide a more tasty and healthy meal. With sites like youtube.com you can stream how to cook even if you don’t normally cook.
7. Take a sack lunch/breakfast:
If you implement the previous penny pinching tip you can then take your leftovers for lunch the next day. Along with lunch, if you plan on buying breakfast food that you can take for work, you can cut out the snack food and soda at the vending machine in the office.
8. Stop buying paper towels, use cloth:
Paper towels are a luxury. But if you really think about it, why not use cloth to soak up a spill, or to wipe down the counter. Implementing cloth for a substitute of paper towels will save the planet and your pocket book.
9. Shop second hand stores:
Second hand stores are a great resource to find name brand clothes at unbeatable prices. It may take a bit longer locating exactly what you need, but if you can save 80% it’s worth checking out. Don’t be scared.
10. Look for items for free:
Freecycle is a community based website where you can look for items in your neighborhood that folks are getting rid of for free. That’s correct, I said FREE. When my wife and I were planning our wedding, we utilized this site to check a couple items off our purchase list. Craigslist.com also provides a free section you can browse. Free is the magic word when trying to save.
Bad habits are hard to break, but in our current economic situation it is a must. Your savings can add up to money for paying off your credit cards, saving for your kids college education, investing, or retirement. By incorporating good habits and budgeting cash flow you will see a positive outcome in the New Year.