How To Save Money

It’s safe to say that most people today are trying harder to save money. Whether cutbacks involve your wardrobe, eating habits, car maintenance, or household purchases- saving a few extra bucks per month doesn’t have to be miserable.  By following these simple tips, cutting back on your spending can be easy.

  1. First, cook! No matter what city you live in, eating out is most always going to be more expensive. Think about it- eating out twice a week can often cover the amount of groceries needed for an entire week. As tempting as wandering into restaurants may be, try to refrain. There are many ways to utilize your own kitchen that can save you loads of money. If you’re trying to go on a date, do a homemade taco night instead. Or go to the grocery store and buy supplies for a picnic in the park. If you are new to cooking, start off experimenting with smaller dishes and appetizers, and then work your way up. Added bonus: cooking at home is almost always the healthier option. If you know you’re going to be out for the day and will probably get hungry, bring fruit or a light snack with you. This will keep you from making any desperate, spontaneous food purchases.
  2. When it comes to your wardrobe, there are tons of ways to save money. First, always buy basics. As tempting as it is to buy that new trendy neon floral print jacket, or those bright velvet pants, try to refrain. It’s important to buy items that can hold a long shelf life in your closet.  If you follow the trends, the item will most likely be out of style before you’ve gotten your moneys worth out of them. If you stick to buying basics, it’s much easier to keep from spending more as time passes. Basics never go out of style.
  3. Transportation is an enormous wallet-drainer these days. Instead of driving to work every single day, try taking the bus. This will not only save money on fuel and keep the miles down on your car- it’s also good for the environment. Carpooling is another great way to save money on fuel. Many cities are becoming much more bicycle friendly; invest in a bicycle if you can. Or walk!
  4. If you do have a car, keeping up with its maintenance is extremely important. Knowing how to check the brake fluid, oil, tire pressure, and transmission fluid can save you thousands in car repairs down the line. If you can take your handy skills up a notch and make your own car repairs, this is also an excellent money saver.
  5. When it comes to your home, there are loads of ways to save money. Home improvement skills are key. Painting your own bedrooms, fixing your own plumbing issues, or any basic carpentry skills are excellent ways to save money. Try doing your own landscaping. Instead of paying someone to mow your lawn, invest in your own lawn mower and do it yourself. Planting, pruning, weeding, and mulching are all relatively simple tasks that can save you loads of money if you invest the time in doing them yourself. With a little creativity, dedication, and time investment, saving money can be a synch.

Steve O., an occasional guest blogger, full time consultant. Writing on behalf Lloyd’s, for more money saving tips check out their site: http://www.lloyds.com/.