These four saving money tips you are about to receive, if acted upon, will reward you with an effective way to improve your household budget system to save money for when it is truly needed.
For example, you have a birthday or other gift giving event coming up and you are not quite sure how to handle "the gift" buying. Events and holidays can be tough on the pocketbook because gift giving is almost impossible to fit into a household budget. Yes, you could put it into your flexible spending or your petty cash categories, but who wants to give up on their spending for these extra gifts?
The best thing to do in this situation is find a way to save a few dollars here and there throughout the year to buy the gifts you need. It should not be too difficult to do if you are focused and consistent. Here are the four useful saving money tips to implement without causing pain to your household budget.
Cut Out the Fast Food
If you work a regular nine to five job, chances are that you spend a lot of money on fast food to feed yourself during lunch. Five dollars a day for lunch five days a week is $25 a week. With four weeks in a month, that is $100 that you could save for gift giving by cutting out the fast food for a while and taking a lunch to work with you. You will probably also find that you are losing those few extra pounds you wanted to get rid of, too. What a great way to kill two birds with one stone!
Shop with a List
Making a list of the things you need and put it on your refrigerator does not count as a grocery list. If you want to make use of these saving money tips, shopping with a list is a great way to start. This cuts out all impulse buying, not to mention these things are not good for you to be buying much of in the first place -— such as cookies and brownies. Sorry.
Keep the Change
Hanging onto your change is one good way of saving money. Say your paycheck is exactly $567.65. What do you normally do with that extra money? Probably spend it on nothing of much that is lasting in value. That "extra" $7.65 would go nicely in your bank account; and combined with your other methods of saving money, it quickly adds up.
Coupons are not just for your Mom or Grandparents. Sure you saw them sit down every Sunday with a stack of papers and a pair of scissors, but have you ever thought about the fact that they probably did not just do that for their health? Those few cents you save with each coupon is another quick way to save some extra cash to buy those gifts you need. This "found" money can add up fast if you take your coupon savings and put it away in the bank.
Start Early and Save Often
With these saving money tips, and the few tricks you probably have up your own sleeve, gift giving does not have to be a financial pain. Start out in advance and before you know it you will have a stack of cash to spend on gifts with virtually no pain, but great improvement to your household budget.