5 Tricks to save 200 dollars a month easily

Saving is not a principle that characterizes our society. We love spending the money we have (and even the money we don't have)

What's more, it's become common to hear people complaining about their financial situation while talking on their new iPhone.

I recently read a phrase that I really liked, more money will not solve your bad spending habits. So, regardless of how much money you earn, if you are not clear about your consumption habits, it will be difficult for you to achieve financial freedom.

Save $200 a month by avoiding unnecessary expenses:

If you are aware that your consumption habits are not a model to follow, but you want to learn how to save money , here are 5 things you spend your money on without realizing it.

Once you identify them, you can take corrective measures and use this money either to save it, pay debts or invest in your future.

Now, if you want this to work, it's important that you're willing to compromise on expenses that, in the long run, will affect your financial independence .

With this I am not telling you to stop doing those things that you are passionate about, or stop sharing with the most significant people in your life.

A good quality of life is one that is led in a balanced way, so identify your habits and you will learn to choose more intelligently how to invest your money .

1. Frequently eat in restaurants

It is increasingly common for us to eat on the street, and not only that, but in more expensive restaurants.

At first we did it on special occasions, today it is common for us to have between 3 and 4 meals outside the home.
Although eating at home is not so fun and easy, you can save a lot of money.

It's true: you'll have to prepare the food, cook, wash the dishes and clean your table, but it will surely be worth it if you are saving for a specific goal .

Each meal can cost an average of 10 dollars, this multiplied by 3 times a week, for a month, represents 120 dollars.

2. Do not combine car journeys into one

Most of us agree that gasoline (and fuels in general) is expensive; the problem is that it seems that we do not understand the effect of the price of the gallon on our pocket.

We are using our vehicles in an inefficient way.

Instead of driving and running a single errand, make a list of all the places you need to go for a couple of days.

Once you have them defined, find a way to complete them all in one run.
Chances are you won't have to drive as much, which means more gas mileage than you would doing individual trips.

Depending on the gasoline consumption of your vehicle, you could easily save between two and three gallons per week.

The good thing about grouping trips is that you will not only save money on your gas bill.

If you make fewer trips and drive fewer miles, you'll reduce maintenance costs like oil changes or new tires, and finally the biggest cost of all: changing your car .

Plus, you'll have more free time to do what you're really passionate about .

3. Automatic subscriptions

Automatic subscriptions can save a lot of time and money if and only if you use them frequently.
Check your credit card or bank statement and see how much you pay in subscriptions each year.

If you stopped reading the newspaper, you don't have time to continue watching Netflix or you have accumulated 10 unread magazines, it's time to cancel those subscriptions that represent ant expenses that are impoverishing you without realizing it.

An automatic subscription to a monthly magazine costs $10 on average, for example Amazon's Kindle Unlimited costs $9.95, while Audible (audiobooks) costs $14.95.

If you cancel two monthly subscriptions, the savings would be $20 on average.

4. Bank fees

Nobody likes the transactions we have to pay to use our money. And we dislike it much more since the only thing they achieve is to enrich the banks.

There are bank commissions for using ATMs, for maintaining your account, for transferring money and even for consigning it that end up devouring your balance without realizing it.

The best thing you can do is research which banks have lower or no transaction fees and might work better for you.

5. Buy in large quantities and end up throwing away what is damaged

Buying in bulk is a great way to save money, but you have to be vigilant because sometimes you can end up throwing away half of the food you bought because it has expired.

To prevent this from happening, you have two solutions:Plan your meals, which will avoid wasting food.
Write on your fridge (on a board, or paper) what you have inside it and its expiration dates.

These two tips will help you know what food you have and how much time you have to prepare it. In the same way, it will make you buy much more reasonable quantities.
Start saving and avoid unnecessary expenses in your life:

These five tips represent a good start to develop the habit of saving.

Over time, you will identify other behaviors where you waste your money and devise a solution that is money for you.

    Font Size
    lines height