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10 Ways to Save $100

Posted on Tuesday, September 27th, 2011 at 8:12 am
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Is there anyone who isn’t looking to save a little extra dough in this economy? Unfortunately money doesn’t grow on trees, but putting these money-saving tricks and habits into action can help you save $100 quicker than you might think!

  1. Learn to sew and mend clothes. This can save $100 pretty quickly. Learning to sew and mend your own clothes costs almost nothing in comparison to taking them to a tailor or replacing them with new clothes.
  2. Prepare simple meals at home. Eating out more than a couple of times a month will certainly drive any food budget you might have straight off a cliff. Instead, prepare simple (and more nutritious) meals at home for less. Keep some pasta and jars of pasta sauce on hand. For added nutrition, you can add veggies, such as zucchini or squash, to the sauce.
  3. Skip the Starbucks runs. Sorry Starbucks, but you have drained enough wallets! Consider that you spend somewhere between $2-$5 during a visit to Starbucks, thus you’ve spent $100 in somewhere between 50 and 20 trips. I’m pretty sure I’ve made at least 20 trips to Starbucks in one month before, yikes! Now I brew my own coffee at home for much, much less.
  4. Plan some meatless meals … or take it to the next level and go vegetarian. Meat is one of the most expensive things on my grocery list, so I’ll plan a couple of vegetarian meals each week to save some money. This is also a great way to try out some new recipes!
  5. Take advantage of your local library. Free reads? Yes, please! Don’t forget, you can borrow more than just books from your local library – check out movies, use the internet, join some reading groups, etc.
  6. Pinch your pennies. Okay, this one might take a little longer to save $100, but instead of letting your loose change disappear into dark void that is the couch cushions, put a jar or piggy bank by the front door. Every time you get home, check your pockets or purse for loose change and add it to the jar. I started doing this about a month ago and am already up to $25 in change!
  7. Identify your bad buying habits and break them. Remember to avoid impulse buys by checking your cart before checking out, always shop with a list, never shop with a cart, set a budget and pay in cash, etc.
  8. Be sure to go out-of-town for Christmas (or at least tell everyone you are) so you can shop the after Christmas sales for gifts. This is a surefire way to save $100 quick 😉
  9. Always slip a few handy-dandy powdered drink mixes in your purse so you aren’t tempted to buy drinks while your out. Avoid buying 50 $2 drinks and voila! $100 savings.
  10. For every dollar you spend on an impulse buy or “want” item, put a dollar in your savings account. This helps me control my impulse spending and save at the same time.

 

What are some of your favorite tips and tricks for saving $100?

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Good Tip: Saving money is important – especially if you have a lot of expenses like bills to pay, loans to pay off, and all the other things that drain your bank account. Figuring out a way to save money can feel tedious to some, and like a punishment to others. U.S. News suggests that you try one of these money saving challenges. The “No Eating Out for a Month” Challenge This one is self-explanatory. The goal is to avoid eating out for an entire month. This might be super easy for people who enjoy making meals at home. People who really enjoy dining out, or ordering food to be sent to their home, may struggle with this one. It’s worth a try because spending money on take-out is more expensive than buying groceries. The Pantry Challenge This one is a variation of the “No Eating Out for a Month” challenge. The goal is to use up all of your groceries before you buy more. It forces you to try and remember why you bought a food or beverage that you don’t know what to do with, and gives you the opportunity to find a way to use it. The one exemption to this challenge is the foods that have expired. Don’t eat them! Throw them in the trash. The “No Spend” Challenge Make a goal to avoid spending money during an entire weekend. The only exemption in this challenge is that you are allowed to pay bills. This challenge is interesting because it requires creativity. You must be creative and find workarounds for problems that you would typically solve by spending money. You may have a different outlook on spending after finishing this challenge.