Small actions can lead to big results. Think of the many aspects of life that you can optimize by 5% to becoming to a much more proficient person. Imagine the snowballing effect it can have on your daily savings, if you’re conscientious about it.
We’ve already seen too many articles about saving money on a daily basis that requires you to eat a $3 lunch at a hawker centre. How about some ways to make money-saving a consistent habit without having to change your daily life drastically? We give you 5 ways to help you save up to $250 a month so that you can pay for an extra holiday or you can channel that extra moolah to better use.
Clearly the cheapest places to eat are at kopitiams and hawker centres in the suburbs. Depending on your work location, this may not be a feasible idea. Many of us may also need to ‘socialise’ with colleagues and eat where the crowd goes, sometimes at fancy cafes or restaurants.
Here are some practical alternatives to help you save on your daily food expenditures:
- Prepare your own food – this can be leftover dinner from the previous night, a simple salad or sandwich can also be prepared easily. This is a great way to eat healthy (you know exactly what goes into your food!) and save some money. While you do not have to be sad and appear miserly to your colleagues, try doing this once a week at work can save you from a $10 lunch budget in the CBD area.
Potential savings $10×4 weeks=$40
- Fess’ up all you caffeine addicts! Are you guilty of saving on your lunch and then spending $5 on a flat white or cappuccino? Even if you’ve got a Starbucks card, you know you aren’t really going to save much money by buying a cup of gourmet coffee on a daily basis. Save this treat for quality time on a weekend with a loved one instead and switch your daily coffee to a local one. Even better, get free coffee from your office pantry or buy instant coffee. For a healthier caffeine boost, green tea works best and gives you more health benefits and some fat-blasting along the way.
Potential savings $5X20 work days= $100
- Tea-time snacks and desserts – small tea-time snacks and drinks can quickly increase your daily food costs. A cup of bubble tea costs between $2.50 to $4, a cupcake costs around $3 and a bowl of soy beancurd costs around $2. if you are looking to cut your spending on food, resist spending on unnecessary desserts or drinks. Instead, bring some fruits from home to munch on to beat the 4pm slump.
Potential savings $2X20 work days= $40
Assuming you are not driving a car to work or taking a cab on a daily basis, you should take advantage of free MRT rides before peak hours on weekdays to save you some money.Communters travel for free on the MRT network if you end your journey before 7.45am on weekdays at 16 MRT stations in the city area. At first glance, this may not seem much and enough to motivate you to wake up earlier, but there are other advantages to doing this as well – having to wake up earlier means you need to sleep earlier, which is a healthy habit to groom.
Appearing at work earlier than your boss at work may just score you some brownie points.
Potential savings $2X20 work days= $40
Essentials & Grocery
When shopping for groceries and household essentials, check out the supermarket’s housebrand items. They are usually cheaper and the quality may not differ much. Using the right credit cards can also help you to save money on your daily essentials. Some of these credit cards specially target grocery and toiletries shopping – including the UOB Delight Card, POSB Everyday card and the OCBC NTUC Plus! Visa.There are also some well-known toiletries shop that sell the same products for significantly cheaper – Swanston and Venus Beauty are two shops you can check out.
(Hard to say how much you get to save but let’s give it a conservative estimate of $30 a month)
There you go! If you follow these tips, you should be able to cut down your essential expenditure per month by up to $250 a month. That gives you a nice saving of $2,400 to $3,000 a year, which isn’t too shabby yeah?
[feature image credits: everydayhealth.com]