Do you want to easily save $5,000 this year?
We put together a quick list that can easily amount to saving most people at least $5,000 per year. What would you do with the extra funds?
1. Switch your cell service ASAP
We use Mint Mobile. Do you know how much we pay a year? $180. Most people pay on average of $100 per month. This would save you $1,000 per year. Plus the freedom from monthly bills! Just one a year! (Note that your data is limited to 3GB a month – which would also help you cut back on stupid cat videos and other bandwidth hogs!)
2. Use rechargeable batteries (AA and AAA)
You can invest $100 in a decent battery charger and a couple of packs of rechargeable AA batteries. They will last you years – and probably also save you $1,000 – especially if you have lots of electronic devices and games.
3. Learn to love instant coffee
Many people go to Starbucks or Dunkin’ Donuts daily. The cost is enormous. Head over to ALDI to get some instant coffee. You can make 240 cups of coffee a month for $6. Another $24 for milk or cream. Getting rid of your $10 a day habit at the coffee shop would save $2,500 a year or more!
4. Wine and other premium alcohol
We used to review cheap wines on the NJroute22.com VLOG. We since switched to spiked seltzers. However, there is a bizarre behavior when it comes to products such as wine. So many people believe that paying a premium is better ($20 or higher). It’s not. Sub-$10 wines are perfectly good. Even if you just drink three bottles a week – you’d save $1,500 per year by switching to a lower end wine!
There are many other ways to “nip and tuck” your monthly expenditures that don’t require that much effort. Just a little self-reflection and introspection – and you’ll find plenty of ways to stretch your dollars further!
Do you have any good ones?