How To Save Money: 5 Tips For Living A Frugal Life
Saving money, whether it’s on an investment or just on your everyday expenses, should be one of your top priorities. The reason for this is simple: if you aren’t saving money, then you’re wasting it! But despite the importance of money-saving, many people struggle to come up with ways to save even just a few dollars each month, let alone hundreds or thousands of dollars. So how do you begin living more frugally and saving more of your hard-earned cash?
- Automate your finances
Put a lid on your spending. Track what you're spending every day with Mint or other apps, it will help you figure out where your money is going, and help you set goals for saving it. Spending less on lattes and manicures can save up for something big like a down payment on a house.
- Learn how to shop sales
This tip is one of the most common ways people save money. Shopping the sales can save you a substantial amount of money on both clothes and home goods, but it takes time to find what is on sale and then remember when that day is for grocery shopping. Try signing up for weekly emails or text alerts from your favorite stores to stay updated on what items are being discounted that week.
- Eat breakfast
The first way to save money is to eat breakfast. Eating breakfast helps you curb your appetite throughout the day and will prevent you from eating foods high in fat, sugar and calories later on in the day. It's easy to make a bowl of cereal, toast or eggs for breakfast so this habit is inexpensive and takes less than five minutes to prepare.
- Buy in bulk
There are a lot of items that you can buy in bulk and save money on by doing so. From snacks to cleaning supplies, by purchasing in bulk, you are saving a lot of money when it comes to the costs of single-serving items. Buying in bulk is especially beneficial for those that don't want to or have time to go grocery shopping every week. Here's how buying in bulk can help cut your grocery bill!
- Don’t be afraid to eat leftovers
Don't be afraid to eat leftovers. Take the time on Sunday nights to prepare yourself a week's worth of food and freeze it. Make large batches of soups, stews, casseroles, or other recipes that can be frozen or refrigerated and eaten all week long. You'll save money because you won't have to worry about what you're going to make for dinner each night, you'll have fresh and healthy food every day, and you'll never have to cook again!