Today marks the 2nd day of the New Year. Maybe one of your goals for 2014 is to save more money. What is your plan to reach that goal? Today, on the 2nd day of the year, have you already implemented money saving changes?
Saving more money is a good resolution for anyone to have. Many people want to save more money, but it can sometimes prove to be difficult. Here are a few tips that can help you save more money in the New Year:
1. Use more cash for everyday purchases. This tip works three-fold for those wanting to save more money. First, using cash forces a person to really think before purchasing an item unlike using "invisible money" (i.e. credit and debit cards) for purchases. Those who hold larger bills e.g. $20, $50, and $100 are less likely to break that bill for a small amount like a Starbuck's latte for example. Secondly, if you do break a bill, you can take the change from that bill and put it in a piggy bank. And third, using cash for certain purchases can be used as a budgetary measure. Give yourself a certain amount of cash to use for purchases. For example you set a budget of $300 dollars per month for groceries, pay for your groceries in cash and once you reach $300 you're done for the month.
2. Keep a piggy bank. I alluded to this in # 1. Don't scoff at piggy banks and think they're just child's play. Piggy banks can amount to big money depending on how much and how often you contribute to it. Remember to check your coins for rarity before cashing in. Some coins have significant value worth way more than their face value.
3. Cut costs on household utilities. Begin shopping around for better deals on your phone, cable, and internet. If you can completely cut your cable and use alternatives like HULU or Netflix, your cost savings will be even more.
4. Purchase "like new" items instead of brand new items. During my school days I never purchased a brand new book if I could help it. I always purchased "like new" or rented them if I didn't think I would ever use them again. This tip alone saved me hundreds of dollars last year. This tip is not just isolated to school books. If you're eyeing something in a traditional retail store, most times you can find a better deal on sites like Amazon or Ebay.
5. Eat at home more often. Making dining out a special treat instead of a regular everyday habit can add more money to your pockets. Try to limit you dining out to no more than twice per week.
These are just a few tips that can help you save more money in 2014. What are your best money saving tips?
In addition to working as a RN, Nachole Johnson is a freelance copywriter and an author with her first book, You’re a Nurse and Want to Start Your Own Business? The Complete Guide, available on Amazon. Visit her ReNursing blog at http://renursing.wordpress.com.