Ten Practical Tips to Save Money Now

Discussions on building up a savings account or paying off debt can be frustrating if you find it difficult to save even a little bit of money each week. Believe it or not, there are probably some very easy ways for you to save money by making simple lifestyle changes. These practical tips are right under your nose and can help you put more money in your wallet right now so you can join the ranks of people paying off debt, building a nest egg or saving for that dream vacation.

  1. Avoid the Vending Machine. Not only is most everything in a vending machine unhealthy, it’s also overpriced. Instead of making a daily visit to the office vending machine, bring your own snack from home or keep a stash in your office.
  2. Make Your Own Lattes. Coffee shop beverages purchased regularly add up to a lot of money. You can make homemade lattes with recipes found online to save money without sacrificing taste.
  3. Start a Carpool. The price of gasoline is enough to send anyone into shock. Save money weekly by carpooling with your neighbors or office mates.
  4. Stick to Your Shopping List. Enticing store displays and spur-of-the-moment purchases can lead you to walk out of the store with a lot more than you planned on buying. Avoid this common pitfall by making a shopping list and sticking to it. Give yourself 24 hours to think about whether or not you really need that extra item. Chances are you’ll decide you don’t.
  5. Use Coupons and Discounts. Coupons are an excellent way to reduce the price on essential groceries. Double your savings by shopping seasonal discount sales to get items at the lowest price possible.
  6. Inexpensive Entertainment Alternatives. There’s no need to sacrifice evenings out with your partner or friends when you can find cheaper alternatives. Use smartphone apps to find local entertainment deals or host dinner and movie nights at home.
  7. Pay Credit Balances Monthly. Paying monthly finance charges is like throwing money out the window. Save a great deal of money each month by paying credit balances monthly.
  8. Save on Laundry. Bringing clothes to the dry cleaner every week adds up to a lot over the course of the month. Even if you don’t cut back completely, bringing less clothing to be dry cleaned can save you money.
  9. Cook in Advance. Takeout foods for lunch or dinner cost a lot more than groceries. If you’re too busy to cook during the week, do all your cooking on the weekend.
  10. Save Money on Your Phone Bill. Phone companies come out with new plans and packages all the time. Call every six months to see if there’s a new plan that can save you money.

Although the savings might be small with some of these tips, they can all add up to become cash in your wallet or savings account. Start using these money-saving tips to begin saving now. You can also supplement your income with additional part-time work or boost finances with paid medical trials or even hosting lingerie parties. If the thought of cutting out your favorite vending machine snack or café coffee beverage sounds like a sacrifice, begin with other money-saving techniques and the savings you enjoy will make it easier to move on to other ways to build your cash fund and keep money in your pocket.

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