Ideas to Save Money

 So you want to try the frugal lifestyle.  It will take simplifying your life and cutting back on little things, one at a time. And while there are definitely many more things you can scrimp and save on, these are some quick ideas.  Here’s how to save money:

1) Cut your own hair. I bought a $20 buzzer, and it lasts about a year. I used to get a haircut every month, at a cost of $20 (including tip, not including gas money to get there and valuable time spent there). So I save the cost of about 11 haircuts a year. I do the same for my three sons, saving another 36 haircuts (at $10 each). Annual savings: $580.

2) No Cable TV. You can watch almost every TV show you like on the internet now.  Also try watching DVDs or reading. DVD's are inexpensive now (especially if you rent or borrow them). Cable costs about $65/month. Annual savings: $780.

3) Became vegan. Eat fresh fruits and veggies, which are expensive, sure, but you are supposed to eat those whether you’re vegan, vegetarian or a carnivore, so I don’t count those as extra expenses. The real comparison is between meat, and the protein substitutes you use. Most of your protein will come from tofu, although you can eat beans and soy protein such as fake ground beef or soy burgers. Overall I believe you will save about $2-3 per day not eating meat. Annual savings: $900.

4) Don’t use the gym. I used to be a member of a gym. Didn’t use it much, and still got charged for a full year. Now I get a lot of exercise, but I do it at home and on the road. I do strength exercises in my living room and jog (and will soon start cycling and swimming). Annual savings: $420.

5) Rarely go to the movies. I used to go out to the movies at least once a week, and sometimes more. I slowly made it every other week, and now I don’t even go once a month. Now we take the kids to the park or out to do something more fun and creative. I figure this saves us at least $15 per week, although it’s probably more when you factor in the cost of my kids’ tickets, and concessions.Annual savings: $780.

6) Quit smoking. I quit about 20 years ago, but if you haven't this can be a huge savings. If you smoked a pack a day, plus a soda or tea or coffee to go with the cigarettes, at a cost of about $9 per day. Annual savings: $3,200.

7) Don’t drink much. I never did, still don't. But for some people, drinking is a major expense. A beer or two a day can add up, and for the sake of these calculations, I’ll count it. Annual savings: $800.

8) Never go out. Don’t go to clubs, or the theater, or ballet, or opera. This is an extreme and won't work for some people.  At least consider cutting back.  Annual savings: maybe $500.

9) Stay healthy. If you are a vegan, a runner, and don’t drink or smoke anymore, you may never have to go to the doctor.  If you keep up this lifestyle, your likelihood of getting the most common diseases are greatly lowered. Annual savings: probably $1,200.

10) Don’t go shopping. We used to hang out at the mall a lot. It was convenient, and had a lot of great stuff to look at, and a food court. The food court alone costs $30 for us, and if we bought stuff that would be another $25-75. Cha-ching. Now I rarely ever, ever, ever go to the mall. I hate it anyway. I only go to the mall or Kmart if I need something, and even then I try my best to avoid it. Annual savings: probably $2,600.

11) Try to be a single car family. Even if you are a married couple with six kids, soccer practice, choir, school functions, many many family gatherings, running events, martial arts, and much more. You can get by on one car. Look to get a used van with better fuel economy, and consider commuting at least a few times a week by bike. Annual savings: unknown, but perhaps $5,000.

12) Bring your own lunch. Your co-workers eat out every day, at a cost of $8-20 per lunch. I bring leftovers or a sandwich and fruits and pretzels and stuff. At a cost of probably less than $5. Annual savings: $1,800.

13) No magazine or newspaper subscriptions. I used to have the paper delivered. Now I read it online or at work. I used to subscribe to 1-2 magazines. Now I read the Internet. Annual savings: $360.

14) Rarely buy new clothes. Buy what you need, not what catches your eye in the store (another reason to stay out of the mall).  Annual savings: maybe $400.

15) Rarely travel. We would all like to travel. When you are out of debt and your savings accounts are nice and healthy, then travel. But for now, skip it. Others take at least a trip per year. Annual savings: $1,500.

16) No more lattes. Many of us get a latte every day. At a cost of about $4 per latte. Sometimes you get two. Make your own coffee. Annual savings: about $1,000.

There are more little ways that you can learn to save, like buying books at a used book store, cooking most of your meals (aside from the above-mentioned lunches), power-saving measures, no long distance calls. There are also ways you can still save, including eating out less (eat out 1-3 times per week, mostly fast food like pizza or Taco Bell or Wendy’s, all of which I can do without).

Estimated total savings: $22,000.

Now, I’m not sure if most people spend the full amounts listed above, or if I ever did. But at some point, I did come close, and I think many people do as well. But however you look at it, there are ways to save money. Does this all go into savings? Of course not. Choose two of the above or ten, either way you will start saving money!