DON’T EAT OUT. Don’t eat out for breakfast, lunch, dinner or special occasions. One dinner out can cost a week of dinners prepared at home. Buying a latte every morning, on your way to work, opposed to making coffee at home, can cost as much as $25 a week. That’s $100 a month—$1,200 a year!!!
CHANGE YOUR ENTERTAINMENT. Don’t spend money on entertainment. Create your own entertainment or look for discounts to cut entertainment costs. Substitute costly entertainment with free amusement. If you are a movie buff, rent DVD’s for $1 or $2, instead of viewing movies when released for $12-15 a ticket ($20 with popcorn and a soda). Unless you are a paid movie critic, there is no reason to see a movie as soon as it is released. By waiting, you avoid paying full price for movies that don’t live up to their expectation.
STOP PAMPERING YOURSELF. Don’t spend money for professional grooming (nail salons, hair salons, etc.), except for special occasions (once-in-a-lifetime occasions, such as a wedding). Once you see the money you are saving, you will wonder why you ever used professional services for personal grooming.
DON’T BUY NEW FASHIONS. This one may seem impossible, for some people, but don’t buy new clothes for the entire year. Instead, stretch your present wardrobe. Become your own stylist and mix and match different pieces to create new outfits. Look through your closet and pull out those pieces you bought, but never wore. Also, accessorize, accessorize, accessorize. Being creative and thinking out of the box will save you a ton of money. And after a year, you will discover that clothes do not change much because classic pieces, which most people wear, are always in style. And, all styles are appropriate, if the style flatters you. Remember, saving money is always fashionable.
KEEP TRACK OF YOUR SAVINGS. Take the money you would have spent for these luxuries and put it into a bank account. Once you see your savings accumulate by the hundreds and thousands, from a few minor changes, you will have no problem maintaining these changes for continued savings.