Being in your mid-twenties (or at any early point of your twenties) is a difficult time of transition. And managing your finances is tricky, especially with how expensive day-to-day life can be. Some bills are unfortunately unavoidable, like rent and car insurance. But, now that we’re working and have “grown up” bills to manage, we really must be aware of how we’re spending our money and make sure we’re saving now to ensure we’re set up for success later.
Here are five little ways that we save money.
- Brew coffee at home instead of hitting up Starbucks. A few weeks ago, we talked about packing our work lunches. Same idea applies here. Let’s say you pick up a cup three or four times a week…that’s almost $50 a month that you could spend on a new blouse or put towards your travel fund. Make coffee at home now to enjoy a bigger treat later.
- Determine a monthly goal and reward yourself when you meet it. Maybe you are passionate about tracking your steps. If you hit 10,000 in a day, give yourself a $5 reward each night and buy a manicure or a new bikini at the end of the challenge. Let’s be honest, you’ll most likely be buying these things anyway and this way you’re being thoughtful and intentional.
- Pay your credit card bill every Sunday. Or at least look at your bank account once a week to keep track of where your money is going and how you’re spending. The Mint app is fantastic and allows you to track and categorize all purchases so you can keep yourself accountable.
- Carry cash with you to better stick to a weekly food budget. Whether it’s $75 or $15o (depending on what makes sense for you), pull that cash out on Sunday morning and work to make it cover any food — coffee, dessert, lunches, groceries — for the entire week.
What works for you? Share with us in the comments!