Are you thinking about what your New Year’s resolution for 2014 will be? Turning the page to a new year can be the ideal time to implement a new focus and to try to change things about yourself or your life that require improvement.
For many, the New Year causes them to take a closer look at their finances. Could you use some improvement in how you spend your money? Maybe your New Year’s resolution is that you will do everything you can to save money in 2014. We’re here to help and support you in that goal.
5 Strategies to Save Money in 2014
- Bag Your Lunch. You work to make money. But when you eat out every day at lunchtime, you actually take away from those profits. For example, if you make $10 per hour but spend $10 on lunch each day, you are working one hour for free. You can easily spend $50 per week by eating out at lunch. It is wiser to bring your own lunch, snacks, and drinks. You can buy items in bulk to bring for lunch, or you can bring leftovers from last night’s dinner. You can treat yourself once in a while by eating out during work, and if you do, don’t be afraid to use a coupon. You can also save money by making your own coffee instead of purchasing costly individual cups. Coffee shops now offer their signature blends that you can brew at home or work.
- Slash Your Monthly Expenses. Are you paying too much for cable, your landline, your water bill, or your cell phone? Take some time to review each of your monthly bills. Assess whether you need to pay as much as you do. For technology services, you may be able to cut down your package to save some money. If your water, gas, or electric bill is high, attempt to lower your usage by using less or by purchasing products that are more water or energy-efficient. Eliminate unnecessary expenses that you do not use or need, like magazine subscriptions or health club memberships. Don’t forget to check over your insurance expenses as well. It is wise to re-assess all of your expenses at least annually. Normally, there are savings to be had if you take the time to look into other options.
- Use Coupons Religiously. It may take a little extra time to find and use coupons, but the results are worth the effort. Look for coupons on everything you purchase, whether you buy in-store or online. Use websites like Coupons.com, RedPlum.com, and Hopster.com to find grocery coupons. RetailMeNot.com, BradsDeals.com, and FatWallet.com are excellent resources to find online coupon and promotion codes. Try to make it your goal to use a coupon on every item you purchase. It may not always work, but you will save significantly if you take the time to look for coupons and discounts whenever you shop.
- Commit to Cooking Dinner. One of my favorite activities is eating out. But given that it’s easy to spend $40 per meal, we try to limit how many times we go out to eat. During the week, I try to cook dinner at home every evening. I make sure to go grocery shopping during the weekend so that I have no excuse to order out. To save even more money and time, I cook for 2 evenings at a time. Since this is normally cheaper than even ordering a pizza, we save quite a bit by cooking at home.
- Scrimp on Shipping. If you do a lot of online ordering, the shipping charges can really add up. In fact, sometimes shipping can cost more than the item itself! If you know that you tend to do quite a bit of online shopping, it may be wise to find ways to minimize or, better yet, avoid shipping expenses. There are a number of ways to do this: You can shop during free shipping sales, you can spend a certain amount to avoid paying for shipping, or you can choose to only buy items that offer free shipping. Another no-fuss way to save on shipping is by signing up for a FreeShipping.com membership. As a member of FreeShipping.com, you get FREE shipping, exclusive coupons and discounts, and 5% cash back, so you are able to save in more ways than one. When you shop with individual retailers, you may only be able to use one coupon or discount at a time. FreeShipping.com allows you to save big every time you shop at over 1,500 participating retailers. Start your New Year right, and stop wasting money on shipping costs when you sign up for FreeShipping.com.
Saving Money Will Set You Free
When you start saving money and cutting down on your spending, it allows you to start paying down any existing debt you may have, which will improve your credit score. It may allow you to purchase the car or house that you have been wanting. You will be able to start putting money away to save for a rainy day or a financial goal that you may have, like the vacation of a lifetime or your child’s college education.
In addition to the financial implications, committing to saving money offers other benefits. Money (or the lack thereof) can be a major source of stress. By applying better money-management strategies, you can reduce your level of stress and anxiety over not having enough money. Your bills will be paid, your debt will be lowered, and you will have a financial cushion that will provide security for years to come. Feeling in control of your financial future helps decrease your stress level, which can in turn improve your overall mental and physical health.
What other ideas do you have for saving money in the New Year? How do you plan to find financial stability in 2014?
Best wishes to you and yours from the FreeShipping.com family for health, safety, and blessings for 2014 and beyond!