100 ways to save money
Budget, budget, budget!
The most obvious, and perhaps most painful, way to save money is to create a BUDGET – and stick to it! In so doing, you’re forced to evaluate how you spend your money and what you’re spending it on. Keep a journal of your spending habits to pinpoint your areas of opportunity. (Do you need a new pair of shoes each week?) Find more helpful tips to get you started here.
Leave the credit card at home
Decide how much “mad money” you will allow yourself per paycheck, and take it out in cash on payday. When you’re out — you’re out.
Turn off the lights when you leave the house
Don’t be dim! Granted, you won’t become an overnight millionaire, but conserving energy is always a good thing. For best practices when it comes to this illuminating subject, visit Energy.gov.
Double your recipe so you’ll have leftovers
You likely won’t need to buy more ingredients; you’ll just use more of the ingredients you already have. That way, your meals will go twice as far and you’ll spend half as much. (Which could also lead to fewer trips to the grocery store — saving gas and time. The list of money-saving reasons for leftovers goes on – and on. Just like leftovers.)
Pack your lunch
Believe it or not, brown-bagging it can save you more than $1,000 a year. Check out this mind-blowing “Lunch Savings” calculator for proof. You’ll definitely think twice about hitting up Q’doba on the fly.
Turn off the tap when brushing your teeth
The reasons are two-fold: conservation and cost-effectiveness. Dentists say you should brush your teeth for two minutes. So, if you leave the water running during that time — morning and night — that’s eight gallons of water a day, and over 2,900 gallons a year. The money will flood in when you turn off the faucet. (Not literally.)
Use curtains in lieu of a thermostat or air conditioner
Curtains help to keep your place cool in summer and warm in winter. Think about it: They block out sun and help prevent your home from turning into a greenhouse during the warm months, and they lock in heat during the frostier part of the year.
Opt for extra layers instead of turning up your thermostat
Energy bills can get downright astronomical once October rolls around. Try wearing an extra sweater and slippers — and snuggle up with your partner or pets. By turning your thermostat back 10-15 degrees for eight hours; you can save 5 percent to 15 percent a year on your heating bill.
Use cold water to wash laundry
Here’s another subject we could write a dissertation on, but we’ll keep it simple: Washing your laundry in hot water costs $0.68 per load whereas washing it in cold water costs you $0.04 per load. If you do laundry just twice per week, those cold-water washes will save you more than $60 each year.
Keep the thermostat set to 78 degrees in summer
No, we aren’t suggesting you cook yourself, but for every degree over 72 on your thermostat, you save up to 3 percent off your energy bill. Also keep in mind: Ceiling and floor fans are much more energy efficient than air conditioning.