6 Effortless Saving Tips to Fund a Splurge

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You want to go traveling, or get a new car, or renovate your kitchen, but you just don’t have the extra funds to do it. But what if you were able to save up monthly for that big splurge? Here are some easy ways you can keep your budget on course and work toward that big purchase you’ve been looking forward to.

Smart Shopping

Find out what day of the week your local grocery store has extra deals. Stores often offer extra deals on Wednesdays for mid-week sales. Join rewards programs for local stores, and check out cashback apps such as Ibotta or Checkout 51. And remember, never grocery shop while hungry to avoid buying more than you need!

Build Your Budget

There are many budgeting and finance apps available to help you keep a tight budget, and the most important thing is to stick to your budget once you create it. Keeping track of your spending habits helps you be more conscious about where your money goes and where you can cut down.

Cut Down on Utilities

Being conscious of what your utilities actually cost you and what you can do to conserve energy is a huge way to cut down on costs. By conducting an energy audit, you can find out where you can make basic improvements which save you money in the long term. Additionally, be aware of ways to avoid using unnecessary energy, such as unplugging appliances when not in use and turning down your heat when you’re not home.

Use Public Services

Most towns have great options for free entertainment such as public libraries, public parks, or open gym time. Most libraries give you access to films and music in addition to books, which can save entertainment money. Check out your city websites to see what free services are offered in your area.

Eat at Home

Dining out is one of the quickest ways to spend your weekly food budget. Making your own lunches to bring to work, cooking dinner at home, and buying in bulk rather than purchasing instant meals are great ways to cut down on your food spending. If you want to go out for a social occasion, eat a meal at home first and just get a small dish or appetizer at the restaurant. You can be social and still stick to your budget!

Be a Producer, not a Consumer

Our consumer society tells us we need to buy new things to replace anything that is old, worn, or broken. Buying sustainable items like metal razors or waxed cotton food wraps cuts out the costs of constantly replacing disposables. Getting clothes and household items second-hand is a huge money saver, and you can even sell your old items for a bit of extra money for that big splurge!

Being conscious of your spending habits and making choices for long-term planning saves you money in the end. So what are you waiting for? It’s time to start saving up for that big purchase!

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