6 Money-Saving Ideas for Every Day

It's possible that you're spending more money than you know. Here are a few methods to save money every day.

Do you ever make purchases without recognizing how much money you've spent? Maybe you joined up for a subscription service and forgot about the money being deducted from your account each month. You've definitely made a few impulse purchases at the grocery store, and before you know it, you've spent an extra $40 on goodies you didn't want to buy.

Making a few adjustments now could help you save money for when you truly need it. Use these suggestions to save money for a rainy day—it might happen sooner than you think.

1. Skip the daily coffee shop visit
   At roughly $3.50 a day, going there every day before work adds up to $70 a month. Save yourself some cash and make your own brew at home.

2. Pack your lunch
   Let’s say you eat out every day of the week and spend $7.00 each time. (And let’s face it, a lot of lunches are pricier than that.) That lunchtime habit has just added up to $140.00 for the month. Consider a cheaper and healthier alternative by bringing something from home.

3. Cancel any memberships that are no longer in use.
   Do you have a membership to a gym or yoga studio that you never use? If you're not going to the gym, cancel your membership and exercise at home.

4. Use the envelope technique.
   You probably pay for the majority of your purchases with a debit or credit card. However, experts suggest that buying with a credit card usually means you'll spend more at the register. The reason for this is because if you don't see how much money you're spending, you're more tempted to spend more.
   Putting your weekly spending allotment in an envelope and just using that cash for the week may take some getting used to. It will make you think twice before making impulse purchases or spending too much money on goods that you wouldn't think twice about buying with a credit card.

5. Keep all of your loose change in a container.
   This easy tip may have been something you did as a child, but it still works. Put the coins you have left over from the week in a jar, save them until the jar is full, and you'll have some additional money for your savings account in no time.

6. Ditch the cable.
   We understand that you enjoy watching sports and your favorite TV shows, but some cable rates approach or exceed $100 per month. If you put that money toward your retirement savings, it might soon mount up.
   Giving up cable for five years could save you $6,000 in the long run (not counting the interest you could accrue).

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