We are always looking for ways to save money, and when it comes down to it, every dollar saved eventually adds up and it can come in handy, whether it’s to pay for bills or to stash away, saving it to put towards a vacation or another purchase you desire.
We have so many expenses these days just to sustain a level of life quality we all deem appropriate. Little things like the cost of the internet and mobile phones, for example are expenses that are costly, and they didn’t exist 20 years ago.
Think about that for a minute. The average home internet connection for high speed cable internet will run anywhere from $50 to $100 depending on your location and the average cell phone bill will run anywhere from $50 to $100. So, just for these two necessities we are talking an extra $100 to $200 per month, which then translated to an extra $1,200 to $2,400 per year.
So yeah, saving money is very helpful these days. Here are four easy ways to keep more money in your pocket.
1. Cancel Unused Recurring Services and Subscriptions
One of the most profitable business models is the recurring subscription model. Why? Because the price is typically small enough not to pay much attention to it and it’s automatically taken from the customer’s account every month.
These are things like streaming services for movies and music to gym memberships and other monthly subscription services or products, from razors to food. “Go through your monthly bank statements and see what you are being charged for and cancel what you aren’t using,” advises the owner of Monos.
2. Put All Change in a Jar
Every time you come home, empty your pockets and put all of your loose change in a jar. Over time this can accumulate into a large amount. Even at just $1 on average a day, this little trick can help you pay for little things like a tank of gas every month.
A lot of your change will end up going missing anyway, so why not put it all in one spot and then cash it in at the end of each month. It takes no effort to do this.
3. Stop Eating Out for a Month
Want to know how much money you waste by eating out on a regular basis? The easiest way is to stop doing it for an entire month and see what kind of money you save.
“Not only does eating in and cooking your own meals save you money, but it’s also much healthier,” says Chris Rush, owner of a website that sells a premium truck sub box. Not only are you paying a premium for food, but then you have to factor in the cost for drinks and the tip — and if you do this multiple times a week the savings can be enough to cover your car payment for the month.
4. Brew Your Own Coffee
Just like eating out can be costly, so can getting your coffee at Starbucks every morning. “At $3 to $5 per drink, you can brew the same at home for less than $1. Think about that for a minute. This can save you $120 every month, which can be applied to other more important necessities,” suggests the owner of a gun cleaning blog, which you can click here to see.
Some people will spend north of a thousand dollars at Starbucks on an annual basis. That is money that could be used for much better things. It’s a very simple way to save money and eliminate unnecessary spending.