The new year provides a fresh start and a great opportunity to create new years resolutions. Start 2013 off right by creating resolutions for saving and spending habits. Here are some of Money MindEd’s favorite easy ways to start saving money in the new year!
Save, Save, Save: Saving money doesn’t just mean spending less, it also means setting money aside to save. This year start a resolution to save more money by opening a savings account. Placing $25 of each paycheck into a savings account will leave you with $650 at the end of the year. You can also try small savings techniques like creating a change jar for your loose coins or placing $5 dollars a week into a shoebox for a savings of $260 a year!
Pack A Lunch: With the increasing trend of eating meals out, it is no wonder that teens spend most of their money on food. This year start a resolution to pack a lunch for school and work to save more than $1000 a year! If you wish to eat out with friends to socialize, suggest going to breakfast or lunch where the meal will be cheaper.
Skip The Coffee Shop: For 2013 make a resolution to limit or put an end to your trips to the coffee shop. Daily store bought latte purchases can become an expensive habit. Buying a coffee drink four times a week for a year at around $3 will add up to about $620. Brewing your coffee at home can taste just as delicious and save you a large sum of money.
Workout With Mother Nature: To manya fresh start for the year means time to start daily workouts, undoubtedly leading to an increase in the purchase of gym memberships; however, you do not need to waste money on the gym. This year make a resolution to utilize your own backyard for a quality old fashion workout. Also try working out with your friends over a game of tennis or basketball.
Use Coupon Sites: In 2013 make a resolution to start taking advantage of the thousands of offers on savings sites such as Groupon and Living Social. Here you will save on restaurants, movie tickets, and outings, a great way to save money on activities with friends. Do be weary however not to purchase simply because of the great deal.
