Everyone is looking for ways to save a few extra bucks. Today it seems even harder for people to save. Car payments, taxes, rent/mortgage, phones, Internet and regular expenses almost make it impossible to save for anything. The worst is when something bad happens and you need to shell out a ton of money in an emergency situation.
Here are three ways to save a little bit, every day which will add up over time.
Change can add up quickly. Vow to not use any change you receive. Of course, this assumes that you will be using cash for your purchases. Change rattles around in your pocket or purse just about every day. Instead of trying to find the exact change for your purchases – don’t! Instead, at the end of each day, take whatever change you have and put it in a jar. In just a few months, you could end up with hundreds of dollars in that jar.
You could do this even if you are using a debit card. Hopefully, you are keeping track of your spending. Instead of writing the exact amount you spend in your checkbook, register, spreadsheet or finance software, round up to the next whole dollar amount. When you balance your checking account, take the difference and place those funds into a savings account.
Don’t buy coffee or tea anymore. Most employers have hot water available within the workplace. Buy your own coffee or teabags, make your own coffee or tea and take the money you would have spent each day and put it in a savings account or jar. This could turn into quite a bit of money every day.
Share a ride
If you know someone from work or school who is going to same place you are at about the same time, try and figure out how to share rides. Maybe you drive one week and the other person drives another week.
My wife and I do this sometimes. I will leave my car at her work overnight which is about half way to my school and we will share rides in the morning and evening. We get to spend about 15 minutes before work/school and after with each other where we can discuss the upcoming events of the day in the morning and update each other on our day in the evening.
You could do this with friends, neighbors, or your kids if they are old enough to drive. You could end up building stronger relationships that way.
What ways do you save a little money each day?