Good morning Dinks. We always read about how to get rich quick with hard work and next big new idea. We also read a lot about how to make money with second incomes and how to save money by not spending. All of these things are great, but what if you could make money and save money at the same time – it’s no secret that spending less money is the key to making more and saving more.
I always say that money not spent is money saved. If we earn money and spend it then it’s gone. But if we can just spend a little less we can keep more of our earned money and save more money too.
I know, I know, you are thinking – but Kristina, isn’t that what a budget is for? Yes you are correct, but at the same time a budget can be easily broken with the push of an ATM button or the swipe of a credit card.
Your friends here at Dinks finance are going to help you keep more of your hard earned income and make more deposits into your savings account. We don’t need 30 days or a year to help you –all we need is 30 minutes. By the time you are finished reading this post you will have four ways to save money in the next 30 minutes. Are you ready for this? Ok here we go.
When planning your daily budget use these 4 tips to help you save $30 today
1. Avoid Starbucks in the morning and in the afternoon. If you brew your own coffee at home and take it in a mug to go you can save a ton of cash each week. Even if you shell out the $99 for a Keurig you are still saving money throughout the year. Total saved by skipping your Starbucks– at least $8
2. Put back the magazine on the rack. I am the queen of buying gossip magazines, fitness magazines and even the occasional fashion magazine. However, this bad habit recently stopped when I decided that my $6 was not worth the benefit that I was getting from the magazine. If I want to read in bed I can buy a newspaper for $1.50. Total saved – $6.
3. Set up an automatic transfer from your checking account to your savings account. It doesn’t matter how much you think you can afford to save , everyone can afford to save an extra $20 per paycheck. And truth be told, you won’t even miss it. It’s just another $20 that you were probably going to spend on coffee and magazines anyways.
4. Keep walking by the restaurant and cook something at home. I can personally vouch for how much money this costs and if you cook (or should I say eat) at home how much money you can save. I used to eat out a lot and now that I eat at home, even if it’s a bowl of cereal, I am saving a lot of money. Total saved – at least $10.
Total savings from reading this post $44. Now that is 10 minutes well spent.
Photo by phalinn
Kristina Tahnyak
Tahnya is a Certified Financial Planner and former Investment Advisor turned marketing and communications professional She holds a degree from Concordia University, is debt free and currently works in the field of digital marketing.
#5 – Drive at or JUST under the speed limit on the way into work, if you’re a commuter.
These are good tips. I think saving at least $20 a paycheck is a great idea because just about everyone can do it. I’ve never been one to buy magazines or coffee, so those don’t cost me anything.
All very good basic points for saving money in the budget and also the one’s that for many are easily over looked. I did a coffee comparison blog post last year comparing making it at home to buying it of 2 co-workers and the numbers will blow your mind. Cheers P.S I make my own coffee for work and have an allowance for splurges… that keeps me in check!
@No Waste – Oh yes, staying in the speed limit can definitely help avoid unnecessary expenses.
@Jake – No magazines or coffee? Good for you!
@Canadian Budget Binder – I am thinking about buy the iced international delite coffee – it will help me save a ton on money on my morning iced coffees.
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