Are you struggling to save money on your typically low young employee salary? If you’re trying to save up for your next travel adventure, to buy a property or for whatever your heart desires here are some simple ways you can save money.
Pack your lunch from home
Buying lunch every day at work costs you around $2,400 per year. Based on daily lunch at $10 for 48 working weeks a year. Switching to bringing lunch from home is much cheaper compared to buying your lunch every day.
Try to buy ingredients for your lunch during your weekly food shopping trip. Going food shopping multiple times a week often ends in unnecessary additional purchases and wasting money.
To get the maximum variety of lunches if you have house mates it could be a good idea to put money in and all buy the lunch groceries together. You can easily share a variety of sandwich toppings and bread.
What’s even better is if you bring lunches that are left over from dinner last night, especially if you still live with your parents because then you’re pretty much getting free lunch.
Drink the free office tea and instant coffee
Buying a coffee every day at work costs you around $960 per year. Based on daily coffee at $4 for 48 working weeks a year. Switching to free tea or instant coffee from the office kitchen is a good way to save money.
Going on a coffee break is somehow the only legitimate excuse to get out of the office with your co-workers, and just because you’re not buying anything doesn’t mean you can’t still go with them for a break. Better still try to convert the others into having kitchen tea breaks.
Pay on card instead of cash
Paying by card helps avoid wasting spare change and helps to keep track of your spending. Whenever you’re carrying cash it’s easy to end up spending it on random stuff that you wouldn’t have bought if you didn’t have cash on you.
When you buy things on card rather than using cash you don’t end up with lose change that often gets easily wasted and you can keep track of what you spent your money on. It’s a good habit to keep track of your monthly income and spending, and when you get cash out at the ATM it’s hard to track what you actually spend it on.