Easy Money-Saving Tips

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Your savings account is a tool that can give you financial freedom and peace of mind. It provides a buffer in case of emergencies and relieves you of needless worry. When the car breaks down or your child needs to see a doctor, you have the money in the bank when you save on a regular basis.

Even a little savings can add up to a sizable nest egg, especially if you’re saving on a consistent basis!

Follow these money-saving tips to grow your bank account and peace of mind:

1. Brew your own coffee. By brewing your own coffee each morning rather than making a daily run to your favorite premium coffee and latte store, you’ll save a considerable amount of money over the course of one year. As an added bonus, you’ll likely lose weight by opting for a cup of simple, homebrewed Joe rather than a frothy frappe with all the bells and whistles.

  • Assuming that your daily premium coffee order is priced between $3.75 and $4.35, you can save between $975 and $1,131 each year!

2. Use coupons strategically. You can maximize your savings by shopping at a grocery store that automatically doubles your coupons. If you truly want to ramp up your savings, deposit the amount you save into your savings account.

  • Media outlets, such as NBC and CBS have featured stories where power coupon queens purchase up to $250 worth of groceries for as little as $20 by doubling coupons and shopping strategically. Search their online database of videos to view these clips.
  • Some grocery stores, such as Price Chopper, Harris Tetters, Super Value and Kroger’s double coupons up to $1. However, in select locations, some stores only double coupons up to $0.75.

3. Tip jar. When you eat out, you tip your waitress 20% of your bill. Apply the same logic to eating at home. When you cook an especially complex meal, treat yourself to a tip. Keep a tip jar at the counter, and estimate the amount you would have paid for a similar meal at a restaurant and bank 20% of that amount in your “chef’s tip jar.”

  • Let’s say, for a meal of pasta for four, you pay $45. Save money by cooking the meal at home, and tip yourself $9 rather than the waitress.
  • If you don’t have cash on you, write yourself a check and actually cash it. Alternatively, you can simply transfer the amount of your “tip” to your savings account.

4. Coin operated laundry. Keep a jar in your laundry room and pay yourself $3 every time you do laundry. One dollar to wash, one dollar to dry and one dollar to fold. And, if you’re feeling generous, leave yourself a tip!

  • Assuming that you do laundry three times per week, you can save $156 per year!

Saving money can be fun if you’re creative. By implementing these simple, quirky tips, you can put a smile on your face and add a remarkable amount to your savings account throughout the course of just one year!

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Monica Davis

About Monica Davis

Monica Davis has been in the business of influencing people to change their lives and helping them to develop their professional and business objectives for over 20 years. Monica Davis is a bestselling business author, speaker, trainer, media coach, award-winning television host and producer, and the publisher of Exceptional People Magazine.

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