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You’ve all heard the saying, “save it for a rainy day”. Whether you’re younger, older, starting a new job, or retiring from an old one, everyone can benefit from saving money and planning for the future. In fact, everyone should do this – you never know when you may need to dip into your savings fund. Here are some small and easy ways to save money each week.

Set aside your cash.

Time to bring out that childhood piggy bank of yours! Each week, physically set aside 5, 10, or 20 dollars into a jar. It doesn’t have to be an astronomical amount of money, but you do have to be consistent. Think about this – if you set aside $20 each week, you will have saved over $1000 in a year alone!

Brew coffee/tea at home.

Coffee houses are notorious for eating up your money, without you even realizing it. Even though you may only buy a small coffee, that $2.25 each day adds up – and how many times do you purchase a muffin or croissant to go along with it? You’re not as likely to purchase these additional items if you brew your own caffeine at home. Buy your favorite blend and some “to-go” cups – it’ll feel just like you went to Starbucks or Tim Hortons.

Refrain from making impulse purchases.

Before you purchase something of substantial value, especially if it’s online, wait 24 hours before you buy it. It’s too easy to click a button and buy something you really don’t need. Talk to your spouse, weigh the pros and cons, and sleep on it.

Two words: meal prep.

Every Sunday, plan out your meals (ALL of them) for the entire week ahead. Go grocery shopping and buy all the ingredients you need for those meals, along with snacks for in-between times. When you plan out your meals this way, you will be less likely to stop at restaurants and local eateries to purchase food. Not only will this save you money, but this is also a much healthier option – two benefits in one!

When it comes down to it, there are hundreds of different ways to save money. However, if you are feeling overwhelmed, it may be beneficial to seek professional advice from a licensed insolvency trustee.

Our team has extensive experience in addressing these issues so feel free to email info@dodicklandau.ca or call us at 416 736 4357 (HELP) to book a free, no obligation consultation with one of our debt solutions’ experts. Make an appointment today, specifically tailored to your situation. We look forward to assisting.