Today Marks The End Of Cherry’s Career
We all have good intentions when it comes to saving money, right? We tell ourselves we’ll start saving once we reach a certain milestone, like when we hit a specific age or get a raise. But in reality, you’ll only start saving money when you develop healthy money habits and your future needs become more important than your current wants.
1. Cut down on groceries
Most people after they do a budget are shocked to find out how much they’re actually spending at the grocery store each month. And if you’re the average family, you’re probably spending around $647.1 It’s so easy to walk through those aisles, grabbing a bag of Oreos here and a few bags of chips there, and then top it off with the fun goodies at the register. But those little purchases add up quite a bit and end up blowing the budget every single month.
2. Buy generic.
In most cases, the only thing that’s better about brand-name products is the marketing. I mean, look at that box. Generic brands of medicine, staple food items, cleaning supplies and paper products cost far less than their brand-name, marked-up friends—and they work just as well.
3. Reduce energy costs
Did you know that you can save money on your electric bill just by making a few tweaks to your home? Start with some simple things like taking shorter showers, fixing leaky pipes, washing your clothes in cold tap water, and installing dimmer switches and LED lightbulbs.
4. Eat at Home
The average household spends approximately $3,365 on food outside of the home each year. That’s $280 per month! Buying lunch a few times a week may seem harmless in the moment, but you can save quite a bit of money just by packing a lunch!