carry lunch from home the average American spends between 7 and $10 to eat out this is an average of 8.$5 every day which amounts to 3102.$5 per year that's more than $3000 especially if you spend more on eating out according to CNBC you spend an average of $6.30 when you bring your lunch from home which is almost half your usual spending right. Unfortunately cooking does not sit well with the majority of Americans with almost 90 percent of Americans professing that they prefer eating out here the hard facts eating out only during lunch is costing you more than $3000 annually if you choose to add the average amount of money you spend eating takeout during dinner well the amount will probably double or triple it's not easy to carry food from home because let's face it why should you sit at your desk you need a sandwich when you can hit the food truck outside with your co workers right however if you cannot afford these expensive habits take time and plan to cook at home take a cooking class if you have no idea and smile all the way to the bank at the end of the year. To cook at home having discussed the previous tip it makes sense to start cooking at home altogether eating out is costing you more than it should do your grocery shopping at the beginning of the week and make a comprehensive plan for everything you plan to eat during the week to prevent food wastage studies show that millennials spend more than $3000 eating out annually one generation expend up to $4000 on eating out make an elaborate plan to learn how to cook and keep your meals interesting. More importantly be disciplined and avoid getting lured into eating out with your friends we know it's hard but we self discipline and commitment you will get there however cooking at home does not mean that you cannot treat yourself once in a while apply the principle of paying yourself first by planning your nights out. This will ensure that you spend within your budget while still saving more money.
skip the latte a daily Cup of coffee or latte is perhaps one of the most common purchases people mag but over time your pick me up coffee will cost you a latte will go for as little as $2 if you take one cap for 5 days of the week assuming that you were 250 days during the year and that amounts to $500 what else can you do with $500 sometimes you may take more than one cap or even have another in the evening just before you get home take control of the small purchases whether it's coffee or soda buy your coffee and brew at home if you're not sure how to brew coffee ask for help or find an online tutorial.
save money on grocery shopping a lot of people make simple mistakes during monthly grocery shopping that cost them fortunes they say money during grocery shopping first ensure that you go on a full stomach yes being full will prevent you from adding unnecessary snacks to your shopping cart which will save you money and keep the one healthy at the same time purchase wholesale items for nonperishable items. Products can be bought weekly to avoid food wastage but non perishables are easier to stock up and are also cheaper in wholesale markets you been the billionaire famously said it's so hard to make a return on regular investments that you're better off buying 2 years worth of toothpaste when it's on 50 percent discount he says there is an immediate return on your money also avoid picking expensive brands because they will cost you more generic items were just as well as branded items and there's no need for you to be over the top of your purchasing lastly try and visit the farmers market instead of buying vegetables at the supermarket. The vegetables and fruits the farmers market will be fresh and less costly you get to save money and still enjoy fresh food all week
review your cell phone plan you need your cell phone to conduct business and ditching it may not be a sustainable idea instead review your current cell phone plan are you using all the data and talk time at your disposal or are you merely paying more for no reason there is always a cellphone plan on offer with better rates more data and an overall better cellphone service package be on the lookout for offers in free services to save on cash cancel your current subscription if it does not offer value for money when you qualify for a free phone upgrade your contract is probably about to expire take that moment to review the options and find a less costly cell phone plan
hold back on the credit cards one of the best ways to save money is by avoiding debt your credit cards are one of the easiest ways to fall into debt and as we all know that comes with interest that interest is costing you precious money the you can save and invest in generating interest you can also use balance transfer credit cards which offer 0 percent or low APR on the balance that is moved over but for a limited introductory period however be careful before executing this plan because most credit card companies now charge a fee on balance transfer hold back on using your credit cards by using them only for emergencies. Pay off your debt as soon as possible to cut down on the interest payable however if you cannot pay off the full amount always pay more than the minimum on time to reduce the interest and avoid penalties also please avoid picking more credit cards no matter how lucrative the offer may be if you have credit cards that you're not using them cancel them and only stick with the necessities.
stay healthy staying healthy is an excellent way to save more money as long as you're healthy then you're spending less on hospital visits and medication new medical regulations require that you have medical insurance insure that you go for annual checkups and receive treatment for illnesses before they progress avoid spending more on medication to avoid expensive insurance bills thanks to a thriving online community staying healthy has never been easier carry out extensive research on consuming healthier meals and also joining members of your community for joint work out sessions staying healthy also means avoiding drinking and smoking those drinks you enjoy with the boys every night and the packet cigarettes you smoke every other day cost money why not do away with smoking and drinking all together stay healthy and save money it doesn't matter where you live find some jogging shoes today and go for a run and necessary stretches in the morning by working out consistently you get to stay healthy feel good and save your money.
use coupons it may seem trivial the coupons are one of the best ways to save more money consistently be on the lookout for coupons whether on newspapers or online most stores have online coupons nowadays postponed shopping from a specific store until you can find coupons to cut down on the cost you can also sign up for newsletters and constantly check your mail for coupons that you can using your favorite stores and restaurants
cut out cable we live in a Netflix and Hulu generation why pay for cable when you can stream at the comfort of your home why pay more for entertainment and still pay for an internet plan cut out your cable subscription and utilize your internet plan fully subscribe for cheaper options such as Netflix or Hulu and stream your movies or you can get entertainment right here on YouTube for free.
buying cheaper entertainment options spend less on entertainment by taking advantage of free entertainment around you attend free community based concerts instead of spending thousands on tickets alternatively try making a list of activities you can do during the weekend with your friends such as board games to avoid going out also take advantage of parks and nature trails which are cheaper than going to the theater lastly wait until ticket prices on new movies have gone down to avoid paying exorbitant prices by applying some or all of the above tips you will end up saving more money
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