If I were to go downtown and interview 10 random people about their income, I guarantee that everyone of them would say that they would either want to make more money, or say that they don’t make enough. It’s natural to feel like you don’t make enough, in order to get ahead people feel like they need to make more money, but in reality you can get by and thrive on less than you might think. Here are five easy ways to save money and Ball out on a shoestring budget.
- Get rid of all unnecessary subscriptions (hint unnecessary is pretty much all of them). A Netflix is about $15 a year and basic cable can run you $100 a month, that is about $1,380 a year. It’s nice to unwind with a nice show, but unwinding with a Kindle is cheaper and more fulfilling.
- Stop Eating Out. I just did a post on how much it costs to do lunch at work everyday and that total about $3,000 in savings.
- Drive you ride into the ground. That lease on that new 3 series BMW, may seem sick but in reality, it’s well documented that leasing cars will cost you a lot of money, and you don’t even own the car at the end of the lease term.
- Use a bike instead of a car. I’m sure that for some of you this may cause you to groan. Being a “biker” conjures up images of geared up weirdos straddling the bike and car lanes causing people to steer onto oncoming traffic to avoid them but in reality riding a bike can be incredible cardio and it can save you tons in title fees, insurance, gas and general car repairs.
- Getting rid of costly habits, for me it’s eating like a savage caveman, but for other people getting a cup of coffee once a day can suddenly make Mr. Lincoln fee the wallet and settle down in his new home of Starbucks.
This was just a few ways to save some money. While you may be broke, spending your money on unnecessary things will cost you dearly and instill bad habits that will make you more likely to blow the money you do get once you starting making what you’re worth.