These days, in our world of instant gratification, it's more important than ever to be able to stay focused on saving money any way you can. So to help you monitor your spending habits and cut expenses, here are 7 easy ways you can save every day—starting right now. How's that for instant gratification?
1. Make a weekly "money date." Commit to sitting down with your money once a week for a money date. During this time, update your budget, review your accounts and track your progress against your financial goals. Like any relationship, if you want your financial life to improve, you must spend time with your money.
2. Plan out your meals for the week. Taking a few hours every weekend to grocery shop and meal plan for the week will definitely save you money, as dining out is the No. 1 expense for most households. By eating at home, you save money that would otherwise be spent on tax and tip—and you usually save calories, too.
3. Work more. When you're working a lot, there's not much time left to shop and spend money. So stay busy and pursue a career you love.
4. Get creative with gifts. Find creative ways to express your love to friends and family members with free, lower-cost or handmade birthday and holiday gifts. After all, a handwritten note explaining why you love someone can be more sentimental than some expensive gift he or she may never even use. Most people will appreciate the thought behind your gifts more than anything, so don't be afraid to save money and find free ways to celebrate birthdays and holidays.
5. Choose quality over quantity. This can apply to food, clothes, electronics and much more. Although it's tempting to choose the more budget-friendly version of an item, sometimes choosing quality over quantity will save you more in the long run. Save up your money and get the best-quality product you can afford, and leverage the cost-per-wear philosophy with more expensive clothing and shoes.
6. Read a personal finance book. When you learn about personal finance, you'll learn even more strategies to help you save money for your goals in life. Knowledge is power, and the more you know, the more you can save.
7. Map out your financial goals. Be very specific with your financial goals. For example, saying, "I want to save for a home down payment" is not enough. You need to map out how much you need, by when and what you need to save every month in order to reach the goal. When you know what your targets are, you're more likely to stay the course and continue saving for them for the long term
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