How To Save Money Every Month Without Feeling Deprived
If you’re like most people, you probably feel like you’re never able to save as much money as you’d like. No matter how hard you try, it seems like there’s always some unexpected expense that pops up and puts a dent in your savings account. But what if I told you that there are some easy and painless ways to cut down on your monthly spending? Here are a few clever ways to reduce your monthly expenses without feeling deprived.
1. Make Coffee At Home
That $5 latte may not seem like much, but if you’re buying one every day, it adds up to $150 per month. Making coffee at home will only set you back a few dollars each week, but you don’t need to stop enjoying coffee all together. Maybe splurge on a nice espresso machine to make your own lattes. Sure it’s a big upfront cost, but you’ll save hundreds, even thousands of dollars in the long run.
2. Cut Out Unnecessary Subscriptions
Do you really need that gym membership that you never use? How about that streaming service that you only watch when there’s nothing else on TV? If you’re honest with yourself, chances are there are at least a few subscriptions that you can live without. Go through your bank statements and cancel any subscriptions that you don’t really need. You may be surprised at how much money you’re wasting every month on things that you don’t even use.
3. Shop Around for Better Deals
If you’re loyal to a particular brand or store, chances are you’re paying more than you need to for the products or services that you buy. Take some time to shop around and compare prices before making any big purchases. You may find that there’s a cheaper alternative out there that still meets your needs. There’s no need to overspend when there are so many great deals out there if you’re willing to look for them.
4. Pack Your Lunch Instead of Eating Out
Eating out is one of the easiest ways to waste money. If you brown-bag it a few days a week,you can easily save $100 or more every month. And packing your own lunch doesn’t have to be a chore—there are plenty of easy recipes out there for delicious and healthy homemade lunches. So ditch the daily trip to the drive-thru and start packing your own lunch instead.
5. Avoid Impulse Purchases
It’s amazing how much money we waste on things that we don’t even really want or need. The next time you’re feeling tempted to make an impulse purchase, stop and ask yourself if it’s something that you really need or if it’s just something that would be nice to have. More often than not,you’ll find that it’s not worth spending your hard-earned money on something that isn’t truly necessary.
7. Stop Smoking
Smoking is not only bad for your health, it’s also bad for your wallet. A pack of cigarettes costs about $6, which adds up to $72 per month or more depending on how much you smoke. Quitting smoking will not only improve your health, saving your money in the long run on medical expenses, but it will also give your bank account (and lungs) an immediate boost.
There are plenty of easy ways to save money every month without feeling deprived in the process. By automating your savings, cutting out unnecessary subscriptions, shopping around for better deals, packing your own lunch, and avoiding impulse purchases, you can quickly boost your savings without making any major changes to your lifestyle. So put these tips into action and start saving money today!