I know I’m always touting how “little things add up”, but it’s a crucial concept in your savings journey. For example, if your goal is to save $1000 this year, you’ll only need to spend $2.73 less per day to achieve that goal. Sounds a lot less daunting, doesn’t it?
Here’s a savings plan example where you can save $2000 over the course of a year. Some of you probably do a lot of these things anyway, but it’s still amazing how much you can save by cutting things out that won’t even make an impact on your lifestyle! (All figures for a family of 4 unless otherwise noted.)
- Eating out 1 less time per month—$360/yr
- Ordering 1 less gourmet coffee per week—$192/yr (per person)
- Bringing leftovers for lunch instead of eating out 2 times per week—$480/yr (per person)
- Indulging in 1 less grocery store impulse buy per week—$144/yr
- Ordering water instead of soda at a restaurant 2 times per month—$192/yr
- Buying bagels and cream cheese at the store instead of going out for bagels 1 time a week—$192/month
- Borrowing a book from the library instead of buying it new 1 time a month—$120/yr (per person)
- Lowering your Christmas budget by $5/person—(varies, for us it’s around $125/yr)
- Buying ice cream at the store instead of going out for ice cream 2 times per month—$178/yr
- Making birthday cards instead of buying them—$50/yr
- Grand Total–$2008/yr
These are just a sample of the many ways to shave off a dollar or two per day to reach your savings goals. What are your favorite ways to save that really add up over time?
Join the Save Money, Live Joyfully Facebook Community