4 Small Ways to Make Big Savings Fast

money-fast-630x277Many people are under the false impression that in order to see big savings, they need to make big changes to their lifestyle. Not every path to increased savings must involve trading your car for a bike and stashing away half your paycheck.

Big savings are much more about combining small changes that eventually lead to a nice boost for your bank account.  Here are some small ways you can start saving big money today.

Track expenses

One of the simplest and most effective ways to start seeing big savings is to track your expenses. You will no doubt be surprised at just how much you can save without making any drastic changes to your current habits.

To help you do this, look up some finance apps for money management to make the process as simple as possible. Visualizing your expenses will help you determine where you can make small cuts to spending with a minimal impact on your lifestyle.

Plan meals

Smart shopping is essential to saving money. Ideally, this should apply to all of your expenses but proper planning for your weekly meals can go a long way to helping you save big.

Keep an eye on your grocery store sales, make use of coupons and be sure to use all the food you buy so you’re not literally throwing money in the garbage. Cook large meals on Sundays and freeze it in portions to use for lunch at work.

If you’re in the habit of eating out regularly, try cooking at home for a while and calculate the difference in expenditures. You will certainly be pleasantly surprised to find how much you can save with a little extra time and effort.

Sell your junk

Selling your unwanted belongings is a quick and easy way to make some extra money that you can store in your savings. Let’s face it, we all tend to stockpile useless possessions for unnecessary amounts of time because they hold sentimental value.

When doing your spring cleaning this year, start rummaging through your old junk and putting a price tag on everything you can sell. Host a yard sale or use sites like Craigslist and eBay to create value from old clothing, games, antiques and more.

Drink water

It almost sounds too good to be true, but something as simple as drinking water more often can save you hundreds of dollars. Aside from it being good for you, water helps you spend less on expensive sodas and juices that can wreak havoc on your budget.

Bring a refillable water bottle with you to work and stick to tap water at the restaurant. You will be amazed at how much you can save in just one month’s time!

Final thoughts

Perhaps the most important takeaway of this article is to always put some thought into your spending habits. Is your designer brand soap really doing that much of a better job of keeping you clean than its generic counterpart?

If the answer is no, consider making a switch. Small changes like this add up to big savings fast.

Saving big is all about the small changes you make to your daily life. Planning ahead and monitoring your expenses will give you an idea of just how much money you were throwing away before.

 

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