The saying goes that if you look after the cents, the dollars will take care of themselves.
Trying to save money can be a daunting task, so an effective way to get started is by committing to small, regular savings. If you can maintain your discipline, you will start to see the fruits before too long.
By committing to one money saving practice every day of the week, you could soon see the savings stack up. Here are some suggestions to help you get started:
Monday: Make breakfast a habit
Give or take a few pangs of the Monday Blues, you should be fresh on Monday mornings after a weekend off. Get up early and make yourself breakfast and a cup of tea or coffee instead of purchasing one for the day. This will save you up to $4 for a coffee and even more on takeaway food.
Tuesday: Exercise for free
Why pay for a gym membership when it costs nothing to run or activities outside? What’s more, you get to exercise out in the outdoors without the dreadful gym playlist assaulting your ears.
Wednesday: Be resourceful
Wherever possible, look to capitalise on multipurpose household items. For instance, things like baking soda and vinegar can double up as cleaning agents, instead of buying expensive miracle products from the supermarket that rarely get used.
Thursday: Monitor petrol prices
Don’t let yourself get caught with an empty tank at the height of the petrol cycle. Throughout the week, keep an eye on the pattern of petrol prices with resources like MotorMouth.com.au. If you see it at a low point, it might be in your best interests to fill up even if you have half a tank left. Granted, it’s only a small saving, but it’s more substantial than stopping the pump at $0.02 above the dollar.
Friday: Cut out costly habits
Most of us have expensive habits that could be eliminated. Smoking is an obvious one from a health perspective, especially given the eye-watering cost these days. Drinking is also an expense that can add up quickly. Either limit your consumption or restrict yourself to only buying from bottle shops where you get more value than in bars.
Saturday: Have a night in
Rather than always meeting friends out at a bar where you’ll encounter exorbitant food and drink prices, turn your weekly catch-up into a night in. A home-cooked meal with cheap drinks and good company without the fuss will end up saving you big time over the long term. You’re also likely to save on costly late-night taxi fares.
Sunday: Enjoy local entertainment
There are plenty of options for free local entertainment on Sundays in the form of events, exhibitions, free walks and activities. Check out websites or event guides like Timeout.com or WeekendNotes.com to see what’s going on in your city.
Saving is easy when you start small and stay consistent. What money saving tips will you use today?