10 Simple Changes That Can Save You $20,000 A Year

1. Make Your Own Meals

Drink the free coffee at work instead of picking up that $4 Starbucks Corporation (NASDAQ: SBUX) latte. Save another $4 per day by eating leftovers for lunch instead of getting that club sandwich at Ruby Tuesday, Inc.

Instead of going out to dinner at Cracker Barrel Old Country Store, Inc. and The Cheesecake Factory Incorporated twice a week, cut out $20 per week by trying a couple of new recipes at home instead.

Annual Savings: ~$4,000

Related Link: 9 Wacky Wall Street Terms And Where They Came From

2. Ask Friends Over Instead Of Going Out

Sure, playing games with friends at Dave & Buster’s Entertainment, Inc. (NASDAQ: PLAY) is a great time, but so is having friends over and just playing card games. Instead of costing more than $30 a week, eating, drinking and entertainment is virtually free at home.

Annual Savings: ~$1,600

3. Try Generic Brands

Wal-Mart Stores, Inc. and Target Corporation have generic versions of nearly every product, and it would be easy to cut $40 from the weekly grocery bill by replacing those name brands with generic brands. Many times, it is surprising just how similar the generic products are.

Annual savings: ~$2,100

4. Cancel Unused/Premium Subscriptions

If you haven’t been to the gym in more than six weeks, you probably don’t need to be paying $30 per month for that gym membership. As awesome as Spotify is, you can save $9.99 a month by using a free Internet radio service, such as Pandora Media Inc’s (NYSE: P) free option.

Annual Savings: ~$2,100

5. Don’t Overspend On Your Kids

An empty cardboard box can provide more entertainment for a 2-year-old child than the most expensive toy car Mattel, Inc. has to offer. Don’t deprive children of toys, but cutting back on spending by $25 a month might even encourage children to explore their creativity and imagination. Moreover, instead of spending $80 for a babysitter twice a month, try finding another trustworthy couple with children and trade-off babysitting duties with them.

Annual Savings: ~$2,200

Read the rest of this article (as well as all my other articles) on Benzinga by clicking here

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