Simple, Everyday Ways to Spend Less
If you're brainstorming ways to save more money, it can be helpful to look at the challenge from the flip side: how can you spend less? Indeed, the two approaches go hand-in-hand. If you're looking for easy ways to curb everyday spending, here are some daily expense-cutting suggestions that you may have overlooked but can help you save more, bit by bit.
• Make lunch/coffee/snacks at home. Here's where investing in a quality coffeemaker might actually help slash spending in the long run if you're picky about your brew.
• Keep (and stick to) a shopping list to help avoid impulse purchases.
• Learn to make some often-purchased or expensive food dishes from scratch—it's probably easier than you think.
• Get in the habit of meal planning to make the most of your food budget, leftovers and time.
• Write down every purchase, down to chewing gum or lottery tickets, in a notebook so you can see exactly where your money goes and help identify what you can cut out.
• Use coupons and coupon apps, and frequent stores that offer price matching, such as Real Canadian Superstore.®
• Sign up for customer rewards programs such as PC Optimum to take advantage of deals and perks. Worried about being inundated by emails? Set up a separate email account that you can check regularly for savings before you shop.
• Make your own greeting cards and gifts.
• Wait 30 days before deciding on a big purchase. This will buy you time to consider whether you *really* need to buy it.
• Give children and adults alike the gift of your time in place of expensive presents or outings. Similarly, entertain at home instead of going out for a costly evening with friends. Time for a potluck dinner!
• Turn out the lights when you leave a room.
• Try replacing some foods and products with generic brands, which are sometimes made by the same manufacturers as their brand-name counterparts.
• Keep your vehicle's tires properly inflated to improve gas mileage.
• Grow some of your own food.
• Unplug idle appliances to slash the unseen power drain.
• Get organized. Knowing what tools, food, clothes, and so on that you have on hand will help avoid duplicate purchases.
• Use your public library.
• Learn to make basic repairs on clothing and in your home.
• Design your garden using trimmings from friends' and family members’ plants instead of making costly visits to garden centres.
• Cancel unused subscriptions, memberships and cable channels.
• Take your reusable bags to the supermarket.
What other simple daily changes can you come up with?
General information not about PC Financial products is provided for your reference and interest only. The above content is intended only to provide a summary and general overview on matters of interest and is not a substitute for, and should not be construed as the advice of an experienced professional. PC Financial does not guarantee the currency, accuracy, applicability or completeness of this content.