How To Set Aside $5 Every Day

Could you do more to set aside a little money every day? Most of us have some habits that are causing us to waste more money than we should. If we can fix some little things we have a chance to save a lot more money.

Could you save a dollar a day? Could you save $5 a day? Most of us really do waste a few dollars each day by purchasing things that we do not need. Even if we need these things, there might be much cheaper ways to purchase some items.. You may be thinking that your budget is already very tight and there is no way that you are wasting any money. Most of us could take some simple steps to become much more frugal.

Do you stop for a coffee each day at one of those fancy coffee shops? There is even a new phrase for this called the latte factor. Let's say that you spend five dollars a day on coffee plus a tip or coffee plus a fancy cookie. Now nobody wants to tell you that you cannot have coffee and a cookie. We all deserve a treat.

But consider this. Let us say that you do spend five dollars every day on this treat. instead you could put the five dollars into an account that earns two percent interest for 5 years. You could have over nie thousand dollars at the end of this time if you simply saved that money. But of course you may be asking how you get your coffee and cookie!

You could always make your own coffee to save money. Invest in a nice cup with a lid that you can take with you on the road. You can also bake a very large batch of cookies one every few weeks. You can do that for pennies as well.

If you do not want to make your own coffee and cookies, you can still probably find less expensive places to purchase thiese snacks in advance. If you take these things to work, maybe you could even set up a pool with coworkers so everybody takes turns bringing coffee and cookies. I bet you will still save some money!

I just used coffee and cookies as an example. Of course, other similar habits can get even more costly. I know that I tend to get sloppy with my grocery shopping sometimes. Then I find myself running back to the convenience store a few times a week. The prices are much higher at the little shop than they are at the large market. So I find myself paying a convenience tax.

When I take the time to plan my shopping, I guy almost everything I need at the right store where things are lower priced. Groceries might come from the market or big box store. Personal items might come from the discounts store. Shopping at a higher priced convenience store should be left for emergencies.

You really might be able to save more money with better planning and eliminating waste. Why don't you see how much you might save?

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