I know when I first realized how much student loan debt I actually had, I got angry. Afterwards, I viewed it as a challenge and just wanted to tackle it head on, paying it down as fast as possible. I spent every spare moment I had in grad school searching ways to pay down debt quickly, save more, make more money, anything to get this debt paid off faster. I made quick easy changes that didn’t change my lifestyle, but made me save a lot more money. By making these changes I was able to pay down a lot more debt while I was in grad school making about $1,200 a month.
1. Plan your meals each week before you go to the store
Meal planning overwhelms me, I just don’t have the patient or the time right now to learn a good system for it. So, I don’t do it as well as I’d like to. But, I do have a plan for the week generally before I go to the grocery store and always have a list. This way I know exactly what I need to buy for the week and I throw away less food.
2. Pay attention to portion sizes
I buy mostly organic foods, which can be expensive. Especially when it comes to meat. I used to always eat an entire chicken breast for my dinner with a veggie. Not anymore. I eat about half of a chicken breast, depending on the size, with brown rice and a veggie. Rice is SO much cheaper than chicken, so this allows me to get two dinners, sometimes three if it’s bigger, using one chicken breast.
3. Baby wipes
I can’t even put into words how wonderful these little wipes are. I used to spend a ridiculous amount of money on make up removing wipes. Out of pure convenience, I just couldn’t give them up when I started trying to save more money. When I found out that baby wipes work in the same way, I had to try it. I have very sensitive skin and using the sensitive skin fragrance free baby wipes I had no problems.
4. Sign up for store rewards cards
The best one I have is Rite Aid, I currently get 20% off everything in store because my family shops there so much. On top of that, I switched to using all store brand products and those usually have an additional discount. For me, this works for my budget because it is so convenient. I wish I had the time to make my own products to use because it would be even cheaper, but being a first year teacher makes my time limited!
5. Waiting to buy
This one was very hard for me at first. I can be stubborn and want to get an item right away. I quickly realized that I was missing out sometimes on great sales or realizing that I didn’t actually want what I was buying afterwards. Once I started waiting to buy, I saved so much money because I was no longer impulse buying. If I still wanted the item after doing all my research and finding the best deal, I went ahead and got it. If I realized it wasn’t what I wanted, then I saved myself the wasted money on something I didn’t actually want.
These are just a few tips that I have been using to save money that I find to be very simple changes that made a difference in my budget each month. The easiest thing to do is look at your spending habits and find ways to make slight adjustments or ways to make what you’re currently doing cheaper. What are some ways that you save money?