3. Anticipate big purchases
Saving used to be a struggle for me, particularly for large items, such as washers and dryers. I used them without thinking that one day I would need to replace them if they broke down.
To solve the problem, I started setting aside a little bit of money each time I washed a load of clothes, like you would in a laundromat. This tactic ensures that I have money when it's time to replace these appliances. It has also encouraged me to wash my clothes less because I'm paying each time I use the machines.
2. Take a tax class
When I first got out of college, I tried to do my taxes myself. Dealing with income forms from three states proved too frustrating, so I went to an expert. A friend suggested I take a
basic tax class
to get a better handle on my filings. It was one of the best decisions I ever made. I've done my own taxes since then. I save more just by knowing the deductions and credits for which I'm eligible.
1. Drop a habit
It's not just bad habits, like smoking, that cost you a ton of money
; everyday expenses that seem marginal can also cut into your budget. For example, I was able to wean myself off soda and sports drinks, a habit that cost $1,000 a year. Drinking tap water has been good for my wallet and my health.