Home Budgeting How to increase your savings 1 penny at a time

How to increase your savings 1 penny at a time

by John Peters

One of the best ways to ramp up your savings each day is to learn how and when to avoid unnecessary spending. It is no coincidence that some of the wealthiest people in the world are also the most thrifty. Increase your saving 1 penny at a time.

Collect Coupons
There is a famous story that Bill Gates likes to tell about the time Warren Buffet offered to pay for his lunch at McDonald’s, and pulled a Buy One Get One coupon out of his pocket. These are two of the wealthiest men in the entire world, and even they understand the value of a good deal. Keep all the coupons you come across somewhere convenient, and eventually you are bound to get a better deal than you would if you hadn’t.

Cook in Bulk
This one is especially important for people who live alone. I’m sure everyone who lives and cooks by themselves has noticed at some point that the majority of the groceries they buy are meant to sustain more people, and therefore a portion of each product they buy is usually wasted. One of the best ways to maximize the value of your groceries is to cook everything in advance, and have your meals planned out for a week at a time. This way, you don’t have to spend time worrying about cooking every night, and you don’t have to waste the excess food you spend your money on.

Stop Drinking Soda
This is one of the most beneficial things you can do not only for your wallet, but also for your health. Soda is bad for your cholesterol, bad for your teeth, and bad for your bank account. Most of the places you go to will charge anywhere from $2 to $4 for a fountain drink, and almost all of these places will give you a cup of water for free! If you have a deep love for soda and don’t want to stop drinking entirely, buy cases of canned soda rather than two liters, as they will usually last longer without going bad, and can help limit the amount of soda you drink in a single sitting.

Get Agricultural
Do you eat peppers, tomatoes, and green onions? Well good news, these are just a few of a huge selection of foods that you can easily grow yourself with minimal effort. You can even plant celery stalks and green onion stubs that are left over from cooking and these will be ready to harvest within two weeks.

Put Your Phone to Work
There are countless apps that will help you to find savings on groceries, gas, tickets, and just about everything you can think of. GasBuddy is a great app to find cheaper gas, and apps like Zap Surveys will actually make you money from anywhere you have service.

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