With the arrival of the New Year, you're probably thinking about resolutions that you can make to ensure a fantastic year. Why not resolve to save some money this year? There are many reasons to do this. It could be that you want to pay off some debts or save up for a dream vacation this summer. You can save money without making significant changes to your lifestyle. Here are a few tips to save big in the New Year.
Kick the Designer Coffee Habit
If you’re a coffee-lover, this is a really easy trick to save money this year. You know that there is no better way to start a workday than with a latte macchiato from Starbucks. However, this coffee habit is costing you around $30 a week. In its place, you can reward yourself with a cup of designer coffee on Saturday morning. Go to the store, order your favorite, and relax in one of the comfy chairs enjoying your cup of Joe. You may find that you enjoy your gourmet coffee even more this way. While you might think saving $24 a week isn't a big deal, it adds up. Over the course of a year, you can save up to $1,248.
Eat Lunch at Your Desk Twice a Week to Save Money
Do you have lunch out with your coworker every day? Maybe you take turns picking the restaurant. It's a great time to socialize with your friends and take a break from working, but it's also expensive. In the New Year, you might resolve to eat at your desk twice a week. By bringing leftovers from home, you can save around $20 per week. In a year, you can save over $1,000 by eating at your desk and still go out to lunch with your friends on the other days.
Use Thrift Stores and Consignment Stores to Update Your Wardrobe
Thrifting has always been one of the best ways to save money. Clothing can be a large expense, especially if you need a professional wardrobe for work. As the weather changes throughout the year, you find yourself updating your wardrobe and replacing worn out pieces of clothing. Instead of heading to the mall, try the local thrift stores for some really great deals. Some people donate clothes that they've never worn or used only a couple of times. While most thrift stores organize by size and type of clothing, you need to plan to spend some time going through the racks. Consignment stores differ from thrift stores because they sell the clothing on behalf of the original owners and give a portion of the sale to that person. For this reason, you'll find more high-end clothing that's in better condition than at thrift stores. You still need to plan on looking carefully through the racks to find the perfect pieces. You can use thrift stores and consignment shops to find clothing for all the members of your family.
Find Discounted or Free Entertainment to Save Money
On the weekends and evenings, you enjoy spending time with your family and friends, but dinner and a movie can cost a small fortune. Why not trade the crowded movie theater for your darkened living room and all the snacks you can whip up in your kitchen. You can go online and look for festivals and events in your town or local area. It seems like there's a festival for everything from macaroni and cheese to the small town food scene. Many of these festivals are free or low cost, and you can spend most of the day exploring the offerings. This will save money for you and your family.
You don't have to drastically change your lifestyle to set aside some money and create a savings account with a lot of money in it. With these tips, you can start making small changes now. In no time you will be able to save money effectively.