Every month you set a goal to save a small portion of your income, only to realize at month’s end that there’s nothing left to save, sound familiar?
Where does it go? Well, there are the necessities like the rent or house payment, utilities and food. But most of us manage to fritter away money on lots of little things, treats, small luxuries, inefficient use of resources.
The good news about that is that if you can identify a lot of these little leaks in your finances, you can quickly save some money. The other good news is that while many of these expenditures bring a little joy or comfort, they’re also totally unnecessary.
You can turn it into a game by going through this list of 18 ways to save, and seeing how many of them you can cut in a week. Most of us could easily save a hundred bucks by employing these tricks. You may be able save much more.
If you’re in a bind or just want to stash a little extra cash, here’s 5 ways to make your savings grow this week:
1. Keep the change
Retain the change from each of your transactions for an entire week and store it in a Mason jar, Ziploc bag or piggy bank. At the end of the week, count the coins to see how you did. Depending on how much you spend, you may reach your goal by following this one simple tactic.
2. Reduce transportation costs
Download the GasBuddy or GasPriceWatch.com application onto your smartphone to locate the best deals in the local area on gasoline. You can also try carpooling with others from your job, or using public transportation for a week.
3. Avoid restaurants, coffee shops for 1 week
Brew your own coffee to start the day and use the leftovers from the prior night’s meal for lunch. Also, decline invitations from colleagues to eat at restaurants at lunch this week. Pack your lunch instead, and invite them to join you in the park or plaza.
4. Skip costly entertainment
Don’t plan on going to a play or the movies. An alternative is to find free entertainment at local community events. There’s also the library, which is jam-packed with books and DVDs that you can borrow for free.
5. Find free workouts
Try finding fitness programs on television or the internet, or at the library. I prefer SparkPeople because it’s a fitness hub with a variety of workout plans, many of which can be customized. It also offers meal plans for those looking to get fit.
Consider canceling your gym membership and instead embracing the great outdoors or group workouts. Check the local recreation or community center for free exercise classes.
Read the full article on MSN, with 13 additional ways to save $100 this week!
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Photo Credit: MSN.