How To Save Money In 2019
What if I told you that you could have more money without earning more, starting today? More than often, people can be reckless with how they spend money on a daily basis, and it's usually the little things that punch a hole into one's budget. The cheap things tend to be deceiving, especially by the end of the month when there are many unnecessary cheap things that painfully add up.
You could be doing so much more with that money, and have prepared a list of some genius money saving tips for 2019:
Buy A Coffee Machine
So, you may be asking yourself "How can I save money, if I have to purchase a coffee machine?" - and the simple answer is by shifting funds from expensive daily impulses to something controlled.
The average customer spends about $5 Canadian per work day at Starbucks. Over the course of a month, you'll have dropped over $100 on your morning joe. Buy purchasing an inexpensive coffee machine and pre-ground coffee, you'll be able to pay for said machine and coffee for a month in approximately 10 visits to Starbucks.
On top of that, you'll get to try new types of coffee blends that may not have been recommended by your local barista.
Be More Active
Walking isn't only beneficial for your health, but also a great way to reduce the money you spend on your vehicle or even public transit. Of course, you won't be able to go everywhere by walking alone - but even walking to work twice a week can substantially reduce fuel and transit costs. If you have an old bike sitting in your basement or garage, consider dusting that off and taking it for a spin to work as an alternative.
The Awful Habit
If you're a smoker, 2019 is a great time to consider quitting. It may sound easier than it is, but it will definitely pay off in multiple ways. Aside from adding years back to your life, there will be extra cash added to your wallet or purse, too. Try setting aside the money you would normally spend on your cigarettes, regardless if you're actually going to buy or not. After a few weeks, you'll have a great visual representation of the money you're spending on your bad habits - and maybe enough of a push to finally kick it to the curb.
Another source of huge savings can be cooking at home versus eating out. It's generally healthier, relaxing, and will help you learn a new skill regardless if you're doing it alone or with family. Oh, did we mention it's much cheaper to buy and prepare your own meals instead of visiting a restaurant?
You'd be surprised at how talented you may be at cooking. Following a simple recipe online is generally the best place to start, then once you're comfortable you can attempt more challenging dishes that you've always wanted to try.
Plan A Budget
Have you ever wondered why your company has an accountant? Or why each department has a set budget? It's a simple exercise in planning and controlling your money. This concept can be applied to your personal life, too. By simply looking at what you spend your money on, and tracking this - you'll be able to get a great picture of where your money goes every week. Knowing this can help you fine tune expenses and make adjustments in your "needs" versus "wants" buckets.
Consider switching to cash for one month versus debit or credit. By physically seeing the money you spend over the course of 30 days, you'll get a greater idea of where its all going, and maybe (just maybe) cause you to spend less money on the things you don't really need.
Wrapping It Up
If overspending is something you're concerned about, try to make 2019 the year you get it under control. Take a moment before you fully agree in your mind to buying something, and ask yourself "Do I really need this?" - even if you can eliminate one frivolous purchase every month, you'll be that much more ahead of the curve and more financially disciplined by the end of the year.
You've got this! Here's to saving big in 2019.