The average family saves less than $100 a month. At that rate, you’d have just $61,000 invested over 20 years.
Now I don’t know what your financial goals are but $61,000 or about $200 a month income from that in retirement, I guess maybe if your goals are ramen noodles and government cheese.
So I want to show you seven ways to save money, seven savings tips I used myself to save almost $500 a month.
How to Make Saving Money Automatic
First, you link up your credit or debit cards to the app. Whenever you use those cards, the app is going to round up your purchase to the nearest dollar and invest the difference.
Saving Money on Streaming Services
All these streaming services are coming out and it seems like a great idea. Cut the cable cord, save some money and still get your favorite shows.
How to Save Money on Vacations
We switched to less expensive vacation ideas like staycations or the less trendy cities close to home. Our camping trip late last year cost just $1,500 instead of the $3,500.
Saving Money on Date Night
The average ticket cost hit a record last year at $9.26 and add in another $13 for concessions and it was costing us about $31.52 twice a month to sit in a dark room with a bunch of strangers.
Saving Money on Food
This is one you hear about a lot but it’s just so easy to go out for lunch that it costs sooo much money! The cost to eating out is increasing by about 3% a year while grocery prices are increasing by less than 1% a year.