7 Tips for Getting Cash to Save

Most people think saving money is difficult. Yet for some, it’s easy.

This goes for folks who earn a good income, and those who seem to just get by every month.

In either case, it starts with looking at what you are spending your cash on, and how much you’re spending in each area.

Then you need to take a look at your habits. Do you often buy stuff you really don’t need? How about buying stuff while on the road or while working, that you already have at home?

Let’s take a look at a few simple ways you can save a little bit of cash each month, that really adds up at the end of the year…

Tip #1) Get gas for your car at the cheapest place in your area.

If you look around at the gas stations where you live, you’ll get to know the ones that regularly charge higher prices, and those that generally charge cheaper prices. If you can save 50 cents a gallon, and you use 30 gallons a month, that’s a savings of $15 a month, or $180 a year.

Tip #2) Put your change in a jar in your kitchen.

If you put $1 of loose change in that jar every day, you’ll have about $30 at the end of the month, and a whopping $360 by the end of the year.

Tip #3) Cut out two dinners at restaurants per month.

For the average family, not even going to a fancy restaurant, you probably drop $50 for a dinner out. Skip two of those a month and you’re saving $100. Do this every month, and you stand to save $1,200! While those dinners at home may cost you $20, still giving you a net savings of $480!

Tip #4) Take a bag lunch to work every day.

Let’s say you work 5 days a week. That’s about 250 days that you go to work every year, taking into account a vacation. A sandwich and a piece of fruit will cost you around $2.50. And a soft drink you bought by the case will cost you around $1. That’s $3.50 per lunch and a drink. When going out for lunch every day at a restaurant will cost you around $10 or more. So one bag lunch saves you $6.50. Working 250 days a year, that’s a total savings of $1,625!

Tip #5) Avoid unnecessary fees from your bank.

If you’re paying fees to your bank for things like not keeping a certain minimum balance, overdrawing your account, paying late fees on payments or bouncing checks… All of these unnecessary charges can easily add up to around $125 a month. At the end of the year, that’s a total of $1,500. Avoid these charges to put that $1,500 in the bank!

Tip #6) Make coffee at home or work, instead of Starbucks.

Regular coffee at work or home costs about $5 for an 11 ounce can, which is about 16 cents a cup. A Starbucks regular coffee will run you $2.50 a cup. If you only have one cup of coffee per day at Starbucks, that’s $75 a month, or $900 a year. Compared to regular coffee at home or work at 16 cents a cup, which is $4.80 a month, or $57.60 a year. Saving you $842.40 a year just on coffee!

Tip #7) Buy large pizzas instead of many small ones.

These days you can get all sorts of pizzas from your supermarket, Costco or Wal-mart, just to name a few. They usually come in packs of a few to many small pizzas. Comparisons show it’s much more cost effective to buy a large pizza, and have some left over for another meal (at about $15 delivered) than paying $10 for small pizzas with hardly anything on them, that you’ll finish in one sitting with the family. Doing this can save you $10 a meal (since a large pizza can be two meals). If you have pizza 4 times a month, that’s a savings of $40, which equals $480 a year.

In this cash-saving example, the total savings added up to a whopping $5,467.40 over one year!

If you used just some of my tips today, you’d find yourself with extra cash to add to your savings. Use every one of these every month, and you could build up quite a savings account by the end of the year.

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