Everyone wants more money, so give yourself some. We are our own worst enemies when it comes to saving money. Two dollars here, three dollars there; it all adds up at the end of the year and you would be surprised to see how much money you waste. Most of us are guilty of the bad everyday spending habits that clear out our wallets. Here are some tips to get you back on track to seeing your savings account surge:
Make coffee at home:
In the morning rush the extra five minutes it takes to brew a pot of drip coffee at home seems like an eternity, but the savings make it worth it. Skipping the double tall-vanilla-soy latte at the coffee stand will save you around three dollars a day. That’s a total savings of $1,095 per year!
Bottle your own water:
Walking all over campus makes you thirsty, and it’s easy to pop into a convenience store to grab a bottle of water, but at two dollars a day, it’s an expensive habit. Fill a reusable water bottle to take with you five days a week and you’ll pocket $520 per year!
Skip the meal out:
It’s fun to grab a bite with friends, or grab something on the way home from a busy day. When the habit becomes routine, the bill adds up quick. Even casual meals aren’t cheap, costing around $20 per person after tax and tip. Skipping the restaurant scene once a week will score you an extra $1,040 per year!
Avoid full price drinks:
If you frequent bars, you know how expensive drinks are. Scour the local happy hours to save some cash. Having two drinks at three dollars each, instead of two drinks at six dollars each, once a week will save you $312 per year!
Spending money on small purchases sometimes becomes a blur. We don’t notice on a daily basis how much we are actually dolling out, but our bank accounts do. Incorporating the above tips into your everyday life is an easy way to stack up some serious dough. Following all four ideas add up to a total yearly savings of $2,967!
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