Trying to save money for a trip to London or maybe even a wedding? These 10 tips can get you to your goal in no time!
1. Get rid of your home phone
If you’re still paying for a home phone, you need to cancel it…it’s not 2001 anymore. Save up to $50 a month by simply making your iPhone your alpha omega.
2. Quit Smoking
We hope you aren’t one, but if you’re a smoker…it’s time to overcome this addiction. In New York City, a single pack costs $13-$15. If you smoke a pack a day, that’s about $364/month. That’s two Chanel bags or four pairs of Christian Louboutin’s a year! Or, simply an extra $4,368 in your savings account.
3. Limit your coffee runs
I know, the vanilla lattes from Starbucks are yummy and help make the mid-day blues go away. But at $4.10 for a tall…just pass on it. To perk up after lunch, make your own coffee at the office and then just sit outside for a few minuets. Save those coffee runs for special occasions. If you’re going to do it anyways, opt for a regular coffee instead, they’re half the price of a latte or cappuccino.
4. Take advantage of Groupon
This company is seriously the holy grail of saving money, but only if you buy deals on things you actually need.
Want to go out for a nice meal? Check to see if your favorite restaurant is offering a deal. If they’re not, consider being daring and go to that new place you drive by a lot. Don’t forget, many restaurants offer deals to those who check-in on Foursquare. Hang out in Foursquare’s “explore” section to find out.
Gym memberships are expensive these days. Instead of spending $80-$100 a month, scope out Groupon. Every month, I purchase about 15 fitness classes for $50 or less. I’m saving a ton of money and I’m experiencing a ton of different forms of exercise (Zumba, Yoga, Bootcamp, Crossfit) so I never get bored.
Unfortunately, health insurance is still a nationwide issue and many companies only offer basic medical, meaning we’re tough out of luck when it comes to our vision and dental health.
I recently got a dental exam, cleaning and X-ray for only $35! Just make sure you check out reviews for the doctor on ZocDoc and Yelp.
Are you in need of a massage? Don’t drop the 80 bucks just yet. See if a local spa has a deal first! The same thing goes for haircuts, keratin treatments, pedicures and even botox.
Make sure you give Living Social a try too!
5. Get out of debt
Make this a priority. Interest is even bitchier than your boss. Head on over to LearnVest for free help and advice.
6. Be wise in the grocery store
Just because something is on sale, doesn’t mean you should by it. If Lucky Charms weren’t originally on your list, just pass on them. Also, the next time you’re in the store, compare the price of grated cheese and a block of cheese of the same kind. There’s usually a $3 difference — it’s small, but that can add up over time. If you’re tight on cash, just grate your own cheese.
7. Stop paying for cable
It’s expensive and there is never anything on anyways, right? Get a Netflix or a Hulu+ membership instead — or find a new hobby all together! Maybe you can start training for that 5k you’ve always wanted to do!
Drinks at bars are expensive. I’ve paid $18 for a margarita at a shi shi lounge once…ridiculous. I couldn’t even enjoy it; the price just stressed me out too much.
Instead, meet up at a friends place for drinks first. Combined, you’ll save hundreds of dollars. Have a designated driver please!
9. Bring your own lunch.
It can be expensive and unhealthy to go out for lunch everyday. Try limiting it to only twice a week. If you feel you’re missing out on the latest gossip, just walk with them and eat at your desk later.
Your excuse can be: “I’m trying to watch what I eat and feel I only have control if I make it myself”. They won’t think twice.
10. Buy well-made shoes
Instead of buying 20 cheap and uncomfortable pairs of shoes throughout the year, buy a couple well-made pairs. They won’t hurt your feet and can just be dropped off at a cobbler when the soles become lifeless.
This a huge money saver, as quality shoes can last forever. To know if a shoe is well-made or not, just look at the bottom. If the soles are stitched or nailed on, you’re good to go. If they’re glued, you’ll probably want to pass. We like Cole Haan and Doc Marten.
When needed, how do you save money? Let us know in the comments below!