Yesterday, I wrote about money becoming a hot topic for me. I am borderline obsessed with money now. I am trying to do anything and everything I can to save money & reduce my spending.
Here are a few of the ways I am saving money:
One of the first things people recommend is getting rid of your car. Well I live in Dallas and people that is NOT an option for most Texans. However what is an option is car pooling. I have found a co-worker that lives with in five miles of me, we alternate weeks. This saves me $80 a week. Yes I spend $80 between gas & tolls.
Average monthly savings $160
Anticipated Annual savings $1920.
I am an AVID reader, reading is one of my favorite pastimes especially since I am not really able to travel right now. I signed up for Kindle Unlimited which costs $9.99 a month. Now I won’t get into the pro & cons, as I feel for me personally the pros way out way the cons. Especially since Lonely Planet has all their guides on there. I can read about the destinations vs paying money for each guidebook especially since guidebooks typically become out dated quickly. I often buy $10-15 books a month. Like I said I am an avid reader. Having this membership introduces me to many new authors and saves me money on guidebooks. Typically I spend $4-10 per book.
Monthly savings $40-$150
Anticipated annual savings $480-$1800
Note: when I saw these numbers I was stunned… I spend A LOT of money on books, and this is something I am pretty aware of now.
After seeing the obnoxious amount of money I spend on books, I started going to the library.
This equals bigger savings… seriously people if you read a lot start using your library!
Bring my lunch to work.
Again this is a classic no brainer when it comes to saving money. Every article you read will emphasize taking your lunch to work. Now that I take my lunch, my average meals cost me $3-4. When I was eating out I was spending $10-15 per lunch.
Average monthly savings $140-$220
Anticipated Annual Savings- $1680-$2640.
There are many more ways to save money, but these are the three changes I have made and obviously the savings are huge. To put this in perspective, if I follow this the remainder of the year my anticipated savings comes out to $2040-$3180. To think that by making these changes, I can have an additional $3100 is HUGE. Double those numbers for what the savings can be for an entire year, just by making three changes.
What do you do to save money?
Image Credit: saveonmovinglabor.com