- Easy Ways to Save On Money
Buying a coffee drink in a café is becoming more and more expensive, with a pound of coffee ranging around $10 depending on where you live in the country and how fancy the beans are. A latte from a privately-owned cafe can cost $4 to $5 a cup. If you buy just one latte a day, five days a week, you end up spending more than $1,000 a year on that very drink.
$1000 a year is pretty costly, especially when it’s only spent on one drink a day! Instead of wasting your money on that breakfast/afternoon/bedtime coffee, it is generally more wallet-friendly to buy your coffee maker and force yourself to make coffee at home.
- Take Your Time When Shopping Online
When you compare your purchase at three or more different sites, you will be surprised that you will find the same product at a much lower price. If you see something you want and want to buy within two weeks, wait until you know if it is within your budget.
- Always Question Your Purchases
The only consideration should be what you need and whether the price fits within your budget. We’re likely to spend on items that we don’t really need and assume the item might come in handy at some point. Well, ask yourselves these questions? Does it really serve a real purpose? Teach yourself this two-week rule: If you see something you want, make yourself wait for 2 weeks. If after 2 weeks, you still want to buy something, then go for it.
4 Don’t Fall Victim to the Allure if a Bargain
Many shops advertise that their clothes are half as cheap as they are when the price they give is actually the actual SRP. Even big discounts can mean higher spending, without you knowing it.
- Impulsive Buying – Adds Up Fast
A recent British study shows that men spend about $40 a week on impulse buys; women, $30. For a couple, that’s a total of $3,640 a year. The best way to keep yourself in line is to simply carry a certain amount of cash with you that you can spend and keep your credit card at home.
Cash may be an outdated means of payment nowadays, but having a tangible amount of money in your pocket can help you stick to a budget, which in turn helps you keep your spending within your limits. If you spend more than you want to spend in your everyday life, how do you find a smart way to save?
Do you feel burdened with your current debt and credit card debt? We can help! Our certified credit counselors are here to analyze your current financial status and create a debt management program that fits your needs. Request a nonprofit counseling session at CreditGUARD of America’s page https://www.creditguard.org or simply call us at 800-282-8497 toll-free.