The holiday season may still be two months away but it will be here sooner than you know it.
Imagine it’s the beginning of December. You’re watching a Christmas movie with your family and you don’t have a worry in the world. It’s a mere two weeks before Christmas and you aren’t stressed in the least. Why? Because you’ve been working to save up for this season for months. This may seem impossible but it could be your reality. According to Dave Ramsey, there are 8 simple money saving tips to help you achieve this.
1. Stop your budget from being drained.
Whether you’ve been budgeting or not, use an online tool such as EveryDollar to help you budget everything down to zero. Doing this will help you keep track of where your money is going and it won’t feel like it’s disappearing.
2. Pause your spending (at least for a little while).
Most of us spend money “here and there” on things we don’t necessarily need. Maybe you like to occasionally buy some new home decor items that catch your eye at Target. Instead of spending countless dollars on these things, make a plan to not buy any nonessential items for a period of time. It can be a week, month, or whatever length of time you feel comfortable with. Not spending will cause you to save.
3. Make use of your Crock-Pot.
Eating out with your entire family can cost you $50 or more. Skip going to a restaurant just once a week and make a recipe in your crockpot instead. This will save you a considerable amount of money. Not only are Crock-Pot meals delicious, they’re also easy! Put everything together before you leave for work in the morning and all you’ll have to do is serve it when you get home.
4. Skip the name-brand products.
You might already buy some generic brand products, but consider switching to mostly generics. You could save a lot by doing this, especially when it comes to paper towels, pantry staples and certain medicines. According to Consumer Reports, buying over-the-counter drugs can save you up to 72% per purchase.
5. Bring your lunch to work.
According to an Accounting Principals survey, eating out for lunch costs Americans about $35 per week. Packing a lunch keeps you from having to call in your order, drive to pick it up, wait for it to be ready, and drive back. This will save you about $140 a month. Doesn’t that sound tempting?
6. Make your own coffee.
Stopping somewhere for coffee on the way to work everyday can cost you around $80 a month. You can brew your own quality coffee at home by buying some beans at a grocery store and filling up your favorite reusable coffee to-go mug. Not only is this cost-effective, it’ll keep you from using so many paper cups.
7. Change your insurance.
If you want to save hundreds on insurance, think about purchasing your coverage through an independent agent. The agent will be loyal to you instead of a specific insurance provider. They won’t just try to get you to buy a company’s insurance just for the commission. Their goal is to find you a deal.
8. Post what you’ve been meaning to sell online.
Everyone has items around the house they’ve been meaning to sell but haven’t taken the time to do it. Choose an afternoon and search the house for things you no longer need. You can even get the family to help. You could make a big chunk of money in just a few hours.
The holiday season should be a fun time spent with those you love. Don’t make it more stressful than it should be. Make use of these tips and you’ll be able to enjoy this year more than ever!