Balance the Checkbook
Take time each month to balance the checkbook. Put in every receipt and expenditure to see where money is going and how much is spent on unnecessary items like that expensive coffee or those extra cookies added to the groceries.
Note every extra expenditure that was not necessary. Those small luxuries add up quickly, particularly when they cost a few dollars each. By noticing where the extra costs are adding up, it is possible to then start working on cutting back on the luxuries to add up in yearly savings.
Make Use of Coupons
Coupons, whether they are online coupon codes or physical coupons from the newspaper, are useful tools to help cut costs. Finding coupons for necessary items like groceries can help lower the expenses without requiring extra effort. Instead, just bring the coupons to the store or type in the coupon code when buying online to add a few extra dollars in the bank.
Those few dollars off or the coupon to save ten percent might not seem like much, but by the end of the year with constant use, it adds up to cash in the bank.
Eating out at lunch time or sending the kids with a few dollars for a school lunch adds up quickly by the end of the year. Even paying two dollars per person adds up quickly after a full year of five days a week. Packing lunches is not only more economical, it ensures the meals are healthier as well.
Packed lunches can include anything from the traditional sandwich with a side of carrots or apples to creative options like stuffed pitas or wraps. The total savings for the typical family of four can add up to almost 30 dollars per week if lunch costs only two dollars a day.
Making a few small changes to normal habits can result in major savings by the end of the year. The changes do not need to take drastic measures. Instead, it just requires taking a few steps to cut back on spending.