Stash the Cash
If saving money is one of your resolutions this year, think about this: cutting expenses is great, but unless you actually set money aside, you’re not really saving, you’re just spending less. Try to put any money you save on a purchase in a safe place for the future. Getting a discount? Save the difference. Using coupons? Save the difference. Find a cheaper brand? Save the difference. Or, decide to stash every $5 bill that lands in your hands. With a saver’s attitude, little by little, your savings will grow.
Is eating out eating up your savings?
Try tracking your eating out expenses for one week. Include your coffee and donuts too. Then multiply that number by 52. When you see the total, you may be motivated to eat in more often. To avoid the lure of fast food, plan meals ahead and eat before you get too hungry. Then, make eating out for special occasions.