Grow your Piggy Bank

October 10, 2013
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We all know that saving is important, but sometimes it can seem impossible!  We have been giving you clever ideas to save some money here and there, but here are some straight-forward ways that you can help you save money in areas that you haven't even realized can be a money vacuum.  Try implementing a few of them into your life and you may be amazed at how much more money you have available to invest into your future!

  1. Don't buy coffee every day: Heard of the "Latte Factor?"  You can save a little bit each day by brewing coffee at home and taking it with you.
  2. Leftovers!: Plan your meals so that you can use leftovers in another meal.  This can help you save money, and reduce your food waste.
  3. Hit the matinee at the movie theater: It's cheaper than going at night.
  4. Eat out during lunch: If you do want to go out occasionally, go for a lunch date, since it's cheaper than eating dinner.
  5. Use homemade household cleaners: No need to buy expensive cleaners at the store.  There are ways to keep your home clean with a little dish soap, vinegar, water and baking soda. (Check back next time for some great recipes for household cleaners!)
  6. Entertain at home rather than going out: You can save some money by having people at your house, rather than going out.
  7. Spend quality time with the family: Having fun at home is great for saving money.  You'll get in quality time and you don't need to spend a lot.
  8. Cut the cable/satellite: Rather than paying for expensive packages, downgrade.  You can easily get movies and TV streamed on Netflix or Hulu for less than you pay for cable.  How many channels are you really using? Reduce your plan and save more money.  You might even be able to cut it altogether.
  9. Properly care for what you have: Whether it's clothing or appliances, proper care and maintenance can save you a great deal in the long run.  Care for your things so that they last longer, and you will save money.
  10. Pay down consumer debt: One of the biggest expenses you have is probably the interest on consumer debt.  The faster you pat it off, the more money you save in the long run.  You can also ask your credit card issuers for an interest rate reduction.  In some cases, you can get a 1% to 3% reduction, just for asking.  That can save you big as you try to get rid of consumer debt.
  11. Automate your savings: You can't spend what isn't there.  Automate so that you save money in a retirement account and/or emergency fund first thing each month.  Now you won't have the money in there to spend. 
  12. Institute a waiting period: From three days to a month, sleep on a purchase.  You might decide you don't need something after all.
  13. Comparison shop: Make it a habit to look for better prices elsewhere.  Before you buy, find out if you can get a better deal elsewhere by looking online, or at another store.
  14. Cultivate contentment: One of the best ways to save money is to be content with what you have.  Cultivate contentment with yourself and your life, and stop looking for happiness and fulfillment in material things.  You'll find that you spend less and save more when you recognize that you have enough.

*List taken from http://financialhighway.com/45-ways-to-save-money/