7 Ways To Save Money By Cutting Out Daily Expenses

It seems like every body in this day and age is looking for new ways to save money. The irony is that a lot people do not even have a savings account, and even more do not receive retirement benefits from their employer or have any idea what an IRA or 401(k) is. Even if you do not have a savings account, there are several ways you can save money by cutting down on your daily, weekly, and/or monthly expenses, and it’s surprisingly easier than you might think. Try giving some of these tips a try to start saving today.

1. Take the bus or ride a bike

You probably hear this one a lot, but the truth is riding a bike or taking a bus for between $0.50-2.00 a day is much less expensive than filling up your gas tank every week. Owning a car is also more expensive without the worry of putting gas in it every week. First you have to buy it, then you have pay for a title and a registration that has to be renewed every year, and then you have to pay for vehicle maintenance, insurance, and possibly traffic tickets.

2. Shop at thrift stores

Thrift stores are great. You can find everything from clothes, books, furniture, movies, vinyl records, and a vast assortment of vintage items you will likely be surprised to find. Plus everything is incredibly inexpensive, and after a round in the washing machine, will look and feel like a brand new item, without the high price tag.

3. Stop paying the cable companies

Cable and satellite television service becomes insanely expensive after the initial $20/month promotion expires after 12 months. Drop this service and plug an antenna into your television set. You’ll be surprised at how much variety is actually available, and you still get access to local sports teams and network programming like ABC, NBC, and Fox. Then all you’ll have to pay is a set $30 internet bill for the duration of your contract.

4. Free Wi-Fi

If you are not one for sitting at home with Netflix or even online browsing, you can drop your internet service just as easily as your cable service. There are plenty of free Wi-Fi spots in your local area, including coffee shops, restaurants, and even grocery stores. You can also even offer to split your neighbor’s cable bill if they will allow you to use their service, which will, in turn, help them save money too.

5. Utilize your local library

The library is another great place to visit regularly. They usually have a pretty solid selection of movies and music, plus all of the books you could ever want to read are readily available to take home or just sit down and read in a quiet space. Libraries also offer free internet services if you do not have a personal computer, another reason not to pay for Wi-Fi. eBooks are another big commodity these days, and a decent amount are also free, but if you still prefer to turn pages and keep a collection of novels or textbooks on your personal shelf, consider paying a visit to Half Price Books.

6. Coupons

If you want to find coupons for all of your shopping needs there are literally dozens of programs and applications available to you. The very simple, yet very appropriate Coupons.com is a great place to start. Most retailers offer discount and coupon programs through such sites for promoting their products, so you can find almost anything you’re looking for at a discounted rate. Many grocery stores also still keep coupon books for you to use while you shop, so you can save money every time you stock up on weekly groceries.

7. Office software alternatives

If you work with a computer but cannot afford all of the latest software programs that are offered by companies like Apple and Microsoft, consider utilizing internet programs that are offered for free. Google users, for example, have access to calendars, email, and some financial services, and office word processors and presentation makers like GoogleDocs, Zoho, and Empressor. GoogleVoice even allows users to make free phone calls online, so you don’t even have to pay a provider for a monthly cell phone bill. Raise any eyebrows?

There are definitely more ways for you to cut back on spending and save money. Cooking at home as opposed to eating out or ordering carry-out and investing in a coffee maker are some small daily ways to do it, on top of packing a sandwich for lunch, saving your leftover change from the day, or opening a savings account and putting away $5 each day. Talk to a financial advisor about your options, and start saving today.