Simple ways to save Money

I was talking with someone the other day and the topic of coins came up. After the conversation I was reminiscing not just on what we did to get out of the enormous amount of debt we piled up, but also what we continue to do.

Some of the things we did we learned by experience, the rest were great suggestions we learned from others along the way. There are many ways that you can save money which, will help achieve your small emergency fund or just throw it at your debt. There is never a bad time to save money, and it’s not as hard as it would seem. Here are some tips on saving money fast.

Coins

Most people throw their coins to the side and never think about them again. I speak from experience. That change adds up quicker than you think especially when you are using cash for most purchases. If you don’t know I recommend you use cash for your day to day purchases. Maybe that will be a blog for the near future.

Once a year; usually in the summer, we will cash our change in at our local bank. We love that our bank doesn’t charge us for this service. We usually walk away with over $100. Then we will have a day out on the boardwalk at the Jersey Shore enjoying the amusement rides and/or enjoying dessert. We used coins to fund our vacations for many years until we became financially stable and now being debt free it’s just icing on the cake. It is also a great way to get your small emergency fund quickly.

Meal Planning

Eating and preparing your breakfasts, lunches, and dinners at home will save you hundreds a month. There is a magical thing that happens when you plan with menus. They just don’t help with meal planning but it lowers your grocery bill as well. It helps you stick to your plan (budget). Anything that saves you steps and money is a win-win so, take the time and plan those meals.

Coffee

Yes, I am going there. Make your iced or hot coffee at home before you leave the house. This little tip will save you so much money over a month that you’ll notice the difference the first month you start to make your own coffee. Most people pay the same amount on coffee a week as they do for gas in their car. I have heard some folks saying “Well coffee is my fuel to keep me going.” The problem with that is not only do most (if not all) vehicles carry more than one person at a time; the car also weighs around 3,500lbs and well it’s safe to say you do not.

Clean House

It is summertime and a great time for yard sales. Yard sales cost you time, but can be very rewarding with instant cold hard CASH! The other plus is your house gets organized. In some cases you can save your small emergency fund in a weekend. A lot of neighborhoods will have community yard sales that you want to be a part of too. Post signs, use Craigslist, Facebook, etc… Just make sure you go through proper channels with your township, because each township handles these things differently.

Feel free to email yourpathfinancial@gmail.com or call us at 856-318-4350 if any of these tips have helped you or if you have any simple money saving tips to add to the list. Let see how much you can save this summer! I believe in you and as always we are here to help you on your path to financial freedom.