The best way to double your money is fold it in half and put it in your pocket.
Stop going to Starbucks. Make coffee or tea at home and put it in a thermos. You could save 1500 dollars a year or more.
Stop drinking soda. Drink more water. Or if you must have soda buy it by the 2-litre and fill a thermos. Or get a Sodastream. You can save at least 1500 dollars a year not drinking soda.
Eat out less. Make lunch and bring it to work instead. It’s healthier and cheaper. You could save many thousands every year just from this. Even is it only costs you 12 dollars a day for lunch at the local Choke and Puke that’s almost 2700 dollars a year. You can make your lunch at home and bring it for a fraction of that price.
If you must eat out from time to time to be social with friends, then just order the entree. Skip the appetizers and desserts and get water instead of soda. If you eat out once a week with friends you can save almost 20 dollars per meal this way. *** Never, ever divide the check equally. Pay YOUR share and be generous with the tip but dividing the bill equally means YOU are subsidizing someone else’s expensive entree, Super Call booze and appetizers. Pay for what YOU eat, not what THEY eat.***
Reduce your time in bars. Bar drinks are a total waste of money. With tip a single round is 10 dollars. How many rounds do you have a night? You want to be social but you don’t need to go round-for-round. And go home earlier.
Cut back on your phone and cable services. What do you really need?
Cut back on subscriptions and impulse buys. Make lists of things you need at the store and stick to it.
Forget about driving around town looking for the best gasoline price. You might save 60 cents or maybe a dollar over a tank of gas. It’s not worth your time.
Here’s one that I do every year that always pays off. Use the “box strategy” for saving money for the holidays. There are three essential ways you can do this. Every Saturday put some money in a box, starting right after New Years. The first week put in 1 dollar; the second week put in 2 dollars; the third week put in 3 dollars and so on until Christmas. The last week you put in 52 dollars and you have 1520 dollars in the box. Or if it gets too hard over time then start with 52 dollars a week, then 51, then 50 and so on and the burden gets lighter with each week. Or if that is too hard then decide to put 20 dollars every week in the box. Or 10 or pick a number. By the end of the year, you’ll have a little pile of cash for that vacation or to pay off the bills.
Save all your change in a box or bowl. By the end of the year you’ll have about 200 dollars saved at a minimum.
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