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Super Simple Ways to Save an Extra $1000 a Month
Saving money is an important factor in your overall finances. It is something we all need to do. Yet, there are many people who have a hard time saving money. I get it, it can be difficult to think about saving money, especially if you are living get out of or stay out of debt or are in debt and struggling.
But the truth is that saving money doesn’t need to be that difficult. There are plenty of simple ways to save money every month. A little bit here and a little bit there can really add up to a lot when you think about it.
Saving Money Made Easy
Saving money is something we all need to do to get out of or stay out of debt, to be prepared for emergencies, to be able to buy your first home or to afford the fun stuff. These things don’t come for free.
Let me show you how easy it can be to save an extra $1000 per month by making some small and simple changes.
Look for Cheaper Alternatives
Saving money doesn’t necessarily have to mean that you will have to deprive yourself of anything. You just need to you look for cheaper alternatives to some things that you waste money on daily, you will still meet your needs and save money too!!
For instance, take those specialty coffees daily, you could buy flavored coffee for less than $10 a can or creamers in your preferred flavor for less than $5.
At the rate of one specialty coffee a day these two options would last you over a month, so you will spend $15 dollars a month making them yourself instead of wasting roughly $90 a month for purchasing ONE daily at your local coffee shop. Cha Ching…$75 a month saved on one item alone.
Any of these items would cost you between $10 – $30 as an initial investment and less than $5 a month for replacement filters. So let’s say you purchase 3 bottles of water daily, after your initial investment (which will still save you money) you would save over $120 a month and $1440 a year by using a cheaper alternative.
Here is a very short list of items that many people waste money on every week. Look at how much money can be saved by just by substituting a few items with cheaper alternatives. It’s really kind of mind-blowing….
- Specialty coffee once a day = $21 a week (most likely more)
- Lunches during your work week = $50 – $75 a week
- Take out or eating out once a week = $15 – $50 (depending on your family size)
- Vending machine snacks twice a day during your work week = $15
- Bottles water 3 per day for one week = $30
Again, this is a short list but I just want to give you an example of how substituting for cheaper options can save you so much money.
So, just with the 5 items I listed above, this totals $131.00 a week (this is low balling the total).
Now for the shocker…
Those small items also total $556.75 a month and over $6800 dollars a year!! Looking for cheaper alternatives truly does add up to a whole lot of money saved.
Planning and Organization
Planning ahead and staying organized is another way that makes saving money less of a burden. Just by making small changes, planning ahead and keeping organized you could easily save $1000 a month away for rainy days.
Here are some easy ways that I save more money and spend less every month by planning and organizing.
Meal planning has literally helped me cut my grocery budget in half. Just by planning ahead you could easily save hundreds of dollars a month on groceries. Here is how I Slashed my Grocery Budget in Half and You Can Too.
I wasn’t always organized, in fact I was just the opposite for such a long time. But once I realized how much money could be saved by staying on top of thing, I quickly changed my ways. Learn how to Get Organized to Save Money.
Setting my financial obligations on auto pilot was one of the easiest things I could do to help me stop wasting money on things like overdraft fees, late fees and increased interest charges. And the time savings every month is a bonus. Time is money, so the less time you spend on all these little tasks allows you more time to do more productive things. Learn how to Automate Payments to Save Money and Time.
Let technology do the work for you
Technology can really help in your quest to save more money and again, time. There are literally tons of apps, websites, and extensions (among others) that could help take some time off your hands and save you a ton of money at the same time. Here are some of my favorite ways that I do just that.
Use extensions to find me deals, search for coupon codes and earn cash back for my purchases while online shopping. Extensions are great because they work in the background and only show up when they are needed. Learn my Simple Online Shopping Trick that saves me money every single time I shop online.
Another great app that I found that helps me easily save money is Acorns. Acorns basically “saves your spare change” every time you use your debit card. And if you are like me, I use mine for just about everything. Check out my One Genius Way to Set Your Savings on Autopilot for my full review of Acorns.
All the little things you do up front really add up to a whole lot of saving money and could easily help you save $1000 or more a month. All these tips will surely help you save more money too!!
If you have any tips to simple tips to make saving money super simple? Please leave a comment to share them with us. We’d love to hear them!!
Super Simple Ways to Save an Extra $1000 a Month
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