With the following five daily habits, you can make a big difference with small changes.

 

Now these tips will not make you rich overnight (that would be wonderful wouldn’t it?) but they will you get in the right mindset and set you up to stay on track. 

 

Let’s get into it! 

Check Balances 

 

Get into the habit of checking your account balances daily. 

 

I know it may seem pointless to check so frequently, however It only takes a minute, and helps you see if you have upcoming bills or payments coming due, and plan accordingly. 

 

Also, by checking accounts regularly you can keep track of any funny business, such as fraud or possible scams. 

 

 

 

 

 

Track Progress 

 

Another way to save money everyday is to track your spending. 

If daily tracking is too disheartening at the start, switch to weekly or bi-weekly tracking. 

 

Keep track of everything you spend, and how much money you have coming in after taxes. 

 

Keep your eye on the prize by logging your spending on paper, with a ledger, or visual tracker.  You can also use an app on your phone or in a spreadsheet. 

 

Just the act of tracking your expenses brings awareness and fosters motivation. 

Cook At Home

 

By taking the time to make meals at home, with simple recipes that require only a few ingredients you will save so much. 

 

You can save more on groceries by using what you have on hand first. 

Check your fridge, pantry and freezer and see what needs to be used up.

Make a list of remaining ingredients needed to compliment your on hand items, then hit the grocery stores.

 

When there is a sale on your go-to items, feel free to stock up. (Store that extra meat and bread in the freezer, for later use).

Limit Temptations

 

Know your triggers and do your best to limit going to the stores, or restaurants where you tend to spend the most.

 

Simple ways to avoid temptations:

• Switch up your route to work and avoid driving by your favourite coffee shop or breakfast spot
• Do not go to the store to browse.
• Make a list and stick with it
• Wait to purchase, especially impulse buys, or clear wants (24 hours – 3 days)
• Limit yourself to a budget
• Use cash only (when you run out, no more buying)

Further Your Financial Knowledge

 

 

 

 

Knowledge is power.

The power to save. 

The power to reach your financial goals. 

The power to retire early. 

 

It does not hurt to look for new ways to cut costs and stretch your dollar. 

 

A common habit of wealthy people is that they don’t stop learning about money. So you too should learn as much as you can.

 

Read a self-help money book or a blog post (like you currently are, you smart 🍪), watch a video or listen to a podcast.

 

Learn the lingo, and further your understanding of how best to manage your money. 

 

 

 

Final Thoughts

 

Making small changes daily, will help you reach those all important financial goals of yours. By taking the time and putting in the work to learn to save money daily, you will be well on your way to fattening your wallet.

You got this!

 

 

What are your favourite ways to save daily? 

Which do you plan on doing from now on?

Let me know in the comments below! 

I’d love to hear from you.

Stay Frugal,

 

Connie xoxo