6 Ways to Save $25 a Month

by Team Swagbucks on Tue, December 4th, 2012 at 3:00 pm

As some of you may know, we have a very influential blogger program here at Swagbucks.  Every so often, we like to showcase one of the influencers that we feel would be beneficial to all our Swaggernauts.  Here is a guest post from David Bakke of Money Crashers.

 

Saving $25 per month may not sound like a lot, but saving $1,800 per year probably does – and it doesn’t take much to accomplish. You don’t have to refinance your home, sell your car, or live like a miser. In fact, the way to save this kind of money is by starting small.

If you find six ways to save $25 per month, you can reach that $1,800 savings goal in just one year. Here are some tips to get you started:

1. Eliminate Your Home Telephone Line
If you have a solid Internet connection or reliable cell phone reception, you can probably get by just fine without a land line. Consider a device called magicJack, which uses your Internet connection and a traditional telephone to make and receive calls. The device costs $40, and service costs about $20 per year. This easily saves you much more than $25 per month.

2. Clip Coupons
You can casually clip coupons or take it to extreme couponing and save 80% on your grocery bill. The best way to save the most money on groceries (or any purchase) is to pair manufacturers’ coupons with in-store sales and other store promotions. Get started by clipping coupons from the Sunday paper and signing up for your grocer’s loyalty program. You can also earn Swag Bucks for every coupon you redeem at the grocery store – not only will you save money, but you’ll also get rewards like gift cards to help pay for holiday gifts.

3. Save on Home Energy
The cost of home energy can drain your budget any time of year, and yet this expense may be the easiest to reduce. Start by examining your home’s insulation. If you need to replace it, the upfront cost can be expensive, but the savings will last for years to come. Otherwise, make sure windows are well-caulked and doors have good weatherstripping. Consider using heavy curtains over single-pane windows to keep out the cold or heat, and make use of ceiling fans all year. In the winter, fans should rotate clockwise, and in the summer, counterclockwise.

Also, inquire to see if your power provider offers home energy audits. A representative will come to assess your residence inside and out, and then put together a list of energy-saving recommendations. Even if there’s a small fee, it’s a great investment.

4. Bring a Brown Bag Lunch to Work
If you eat lunch out every day, or even just once a week, packing your own will save you a lot of money. Even if you spend only $5 on lunch each work day, this equates to an annual lunch cost of approximately $1,200.

Bringing a brown bag lunch to work costs hundreds less. Either pack up last night’s leftovers, or prepare a sandwich and snacks. If you’re pressed for time in the morning, assemble your lunch the night before.

5. Reduce or Eliminate Your Cable TV Package
Consider dropping one or more paid movie services and reducing your TV channel package. After all, do you really need all of those channels? Try it out for a couple of months, and if you just can’t handle the loss, you can always get the channels back. You may want to consider ditching your TV package altogether for a more affordable subscription to Netflix, Amazon Prime, or Hulu.

6. Cut Back on Entertainment
By eliminating just one dinner or movie out each month, you can easily save an extra $25. Replace one of these outings with a cook-at-home night where the whole family participates in meal prep, and rent a movie or two from Redbox. Just make sure to return movies the day after you watch them to avoid racking up late fees. Alternatively, you can redeem your Swag Bucks for Fandango or Regal Cinema gift cards to help you save at the movies.

Final Thoughts
Once you implement these small changes, keep track of your savings and decide how you want to spend them. Do you need to pay down credit card debt, save for your child’s education, or pad your emergency fund or retirement fund? Whatever is on your financial to-do list, you can tackle it.

Can you think of other ways to save $25 per month?

 

You can join our Influencers & Bloggers Program, too!  Click on “Learn More” under “Attention Bloggers” on the right side of the Swagbucks homepage (underneath the Hourly Random Winner).

 

We will review your submission and contact you directly if you are selected to be part of the program.

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