saving tips for 2014

How to Save Money – 6 Saving Tips for 2014


There are a million little ways to save money–all of them add up. Whether you cook more at home, bring lunch to work, or join a friend on your morning commute, every little bit you save is more to spend on something you really want.

1. Cut Cable 

By cutting ties with the cable company, viewers are also reducing their monthly bills by a significant amount, while still enjoying most or all of the programs they love. Here’s five steps for how to cut the cord

2. Home Brew

Depending on what exactly you order at your typical coffee chain, a 16 ounce coffee will set you back somewhere between $2 and $5. Depending on what you put into your coffee, your home-brewed cup costs about  $0.70 per cup.

3. Car Pool

According to the American Automobile Association (AAA), the average cost of owning and operating a medium-sized automobile, traveling an average of 15,000 miles per year is 55.2 cents per mile. For a 40-mile round-trip commute this comes to $22.08 per day, $463.68 per month and $5,564.16 per year, based on commuting 21 days per month. Cut that in half, and why wouldn’t you car pool?

4. Bring Your Lunch

A recent survey in Canada found that 60% eat lunch out at least once a week and spend $7 to $13 each time. But many of those eat out at least three times a week, and at the $10 midpoint spend $1,500 a year. Those who eat out every workday spend $2,500 a year. However, if brown bag it at a cost of $3 per day, you’ll save $31,200 over 10 years. If you invest your savings over that period at 2% you’ll earn $3,307.11 in interest for total net gain of $34,507.11.

5. Forgo Your Landline

This depends on your life. If you have friends or family outside of the country where you live, you may  be able to spend a bit less by using a landline plan built into your cable bill (if you haven’t cut it), or if you make a lot of 800 calls and don’t want to spend you cell minutes on these. Otherwise, a landline may seem like a good idea, but it can cost an extra $18 a month on average, and that’s a waste if you never use the phone.

6. Wean Yourself off Dry Cleaning 

In 2008, Proctor & Gamble found 65 percent of clothing that women dry cleaned were actually machine washable, according to The New York Times. That means you could potentially save more than half your dry cleaning bill if you washed your clothes yourself.