Do you want to save money? Chances are there are things you could stop buying to save money.
But don’t let the word “stop buying to save money” scare you into believing that your social life is over. Or that you can’t spend a penny.
This isn’t about setting a no spend challenge or total deprivation in order save money.
Instead it’s about being smart in the way you spend. And being conscious of exactly how your spending your money.
Because too many times our purchases are dictated by our habits, comfort zone, and convenience. And those purchases can be made without you even realizing it.
And with the money you save, you can tackle some of your money goals.
Or have extra cash to put towards the things you actually love.
Takeout and fast food stops, the easy thing you can stop buying to save money.
One of the simplest ways to save money is to stop wasting money on overpriced food.
But its’ not just the fact that it cost more to pick up lunch or dinner on your way to and from places. It’s also the fact that most likely you have groceries that are spoiling at home.
Do you know how much money you spend on food?
That $8 a day lunch or $30 dollar dinner takeout, just multiple by the number of days in a year.
And you’ll quickly realize you are wasting thousands of dollars on food (when you don’t have to).
$10 here, $20 dollars there, it adds up so quickly.
Buying lunch out every day can cost you upwards of $2,500 a year.
Meal planning will allow you to save thousands of dollars annually when you stop buying lunch to save money. Or when you avoid the takeout dinners. And this solution won’t just save you money but it’s also much healthier.
And if the idea of looking for meal inspirations, making a grocery list, and even selecting meals makes you feel like this isn’t going to work.
No worries, use the $5 meal plan.
It’s an amazing meal service that sends you weekly meal plans with ingredients and a grocery list included. Um time saver!
So now you don’t have to worry about wasting money on lunch and dinner, letting food spoil, or buying duplicates because you didn’t make a grocery list.
Try the free trial, and see for yourself how quickly you can save money and time.
Related: How to stop wasting money.
Be planet friendly, that thing you can stop buying to save money.
Paper towels is one of the easiest ways to waste money. Using paper towels is something that you might not even be conscious of.
Want to do your part in saving the planet and save money?
Start using these reusable sheets.
You may not know, but 3,000 tons of paper towel waste is produced daily.
With these reusable sheets you can use them up to 100 times. So your wallet and home is happy.
The beverage habit.
Want to spend your money on the things you love? I mean who doesn’t. That makes total sense.
Unfortunately when you make unconscious decisions about how you spend your money, there usually isn’t much money left to spend on those things.
If you are guilty of picking up a latte or tea on your way to work. Or stopping by your work café to pick up a water bottle or a cold beverage, then you might not even be realize how much money your spending.
Specifically since you could be making your coffee yourself or buying a beverage at a cheaper location and packing it to go.
However, if you feel like an overpriced drink on the way to work is a total must, then make room for it in your spending plan. Because there many other things you can stop buying to save money.
And what you stop buying to save money should be a total conscious decision.
If you decide that saving money is worth more than the convenience of picking up a coffee – then try this travel mug.
Or if use buy water bottles often, then consider saving money by using a reusable water bottle and bringing it along on the journey.
I use these travel glass bottles not only to carry my water to work or for a workout but even with my hot tea in the morning.
Skipping the $5 (or more) daily drink could save you $1,200 a year.
Small packages come at a cost.
Sometimes buying in bulk makes absolutely no sense. After all food spoils, and there are only so many bananas you can eat before tossing them out.
When it comes to toilet paper however, not buying in bulk means wasting money.
Buying a small package of toilet paper is more expensive, than if you bought more of it. Plus your going to use it eentually.
Why run to the store when your on your last roll and more likely to pick up some other things you probably don’t need.
The cost of “just in case”
When you go grocery shopping without a list or without taking inventory of what you already have at home, it quite likely that you’ll fall into the trap of buying something “just in case”.
And the cost of “just in case” typically leads to a ton of duplicates of tomato sauce (or anything really) just because you wanted to be sure you had it if you needed it.
Before heading out on a shopping trip review what you have and avoid buying duplicates of stuff. And letting food spoil because you have too much of it.
For groceries, check out these inventory sheets.
Brand name loyalty.
Buying brand names as opposed to generic or store brands can add to your grocery bill.
There’s a misconception that buying generic or store brand products is bad. But it’s actually just saves you money. And could even be healthier when less ingredients are included.
Before heading out to the grocery store, check out Ibotta. It’s a free app you can use to save money on groceries, toiletries, and even travel.
And if you like your occasional margarita, glass of wine, or beer there are even offers on the app to save money on them! So you can ditch the $10 overpriced drink at the local bar.
Plus get a $10 bonus in your account just for signing up.
The trap of “a good deal”.
The “just in case” isn’t the only habit that can get costly, a “good deal” can be just as expensive.
A “good deal” you weren’t planning on buying or can’t afford isn’t a “good deal” but it is sabotaging your money goals. And while that may sound a little harsh, let’s be honest we’ve all been guilty of buying stuff we don’t need.
We live in a consumer market –make money, spend money, make more money, and then spend even more.
This is where conscious spending can help you tackle your money goals and allow you to stop buying to save money. Because buying things you don’t really need or even want – can blow your budget.
A “good deal” can make you think that you actually want that thing, but step away for a day or so. Take a picture of it if you have to. And then after the time frame you set, evaluate if you actually want and need it.
How to save money on things you can actually afford and need?
Cutting cable doesn’t have to be painful there are so many cost effective alternatives to watching tv and saving money. And most of them offer a free trial.
So if you don’t love it, then at the end of the free trial discontinue your membership.
Check out the free trial for Amazon Prime. Because with amazon prime you can watch premium channels at a much lower price.
Books and magazines.
I absolutely love reading books, I try to read at least one book a month. And picking up a magazine for a road trip, travel, or even beach day is something I enjoy as much as the next person.
But those items can be counter-intuitive to your money goals. And not to mention create ton of clutter in your home.
Does that mean you have to stop reading all together?
Check out your local library for free books and magazine.
Another way to save money and still read is with Amazon Audible. With a free 30 day trial you can get two free books. And after the trial is over you still get to keep the books!
Related: How to turn your clutter into cash.
Having a weight loss or fitness goals can mean that you are paying a personal trainer. But with aaptiv you can tackle or your fitness goals without the hefty price tag.
The mani pedi trip.
Taking a trip every two weeks to the nail salon to get your manicure and pedicure done can cost you $2,500 (or more) a year. And when your trying to save money, pay off debt, or plan a dream vacation that $2,500 can make a good dent towards your goals.
But you may not want to give up getting a manicure. And I certainly understand.
So how do you keep your mani and money too?
Grab some basic equipment and do it yourself. Sure you’ll spend a little bit in the beginning but it may cost you the equivalent of one visit to the nail salon.
Another money saving option is to check out Groupon. There are always deals and extra coupons for spa days and fun things to do.
Stop buying the unplanned.
Do you ever notice how the occasional car maintenance, trip to the dentist, or unexpected emergency quickly blows your budget?
You can avoid spending on the unplanned and unexpected by keeping track of your financial standing with Personal Capital. It’s a free app that will help you budget, understand the ins and outs of money, and so much more.
When you review how you’ve spent your money previously, you can plan for what typically is perceived as unplanned.
Think about things you constantly spend money on and creatively find a more cost effective way to have your cake and eat it too.
Consider the products that you are in the habit of buying and then switch out a few brands to save money.
Stop buying to save money doesn’t mean not buying anything, it means spending smart and consciously.
Share your tips, what can you stop buying to save money?