The New Year is finally here. As we enter 2019, this is a time to reflect on the past and see what we can change for the future. Goal-setting can be challenging, but it also can help accomplish tasks that can make you healthier and happier. Did you know that a majority of Americans reported losing sleep because of financial burden? Don’t let finances keep you up at night. We’ve gathered our favorite tips to help you save money in 2019.
Create Spending Limits
Start by making a budget and recording your expenses. This way you know exactly what you’re spending your money on. You can set limits for gifts, grocery shopping, and home expenses. Have you heard of the 50/20/30 rule? The rule is simple, but can be difficult to follow. Divide your money into three categories: essential needs, savings and debts, and wants. About 50 percent should be needs like groceries, utilities, and rent. Savings and debt should take up 20 percent and your wants like shopping and vacations should be about 30 percent.
Saving on Food
We all spend a little too much on groceries and eating out. In 2013, the average food cost for a US household was $6,602. It’s time to start better budgeting. The average American eats 4.2 commercially prepared meals a week. We recommend meal prepping once a week and eating out less often. Try finding a few items on sale each week and making your meals around those items. Start coupon clipping and making recipes in bulk.
Stop the Subscriptions
Did you know consumers spend about $237 per month on subscription services? Start budgeting and rethink if these subscriptions are really worth the money. Go back to the 50/20/30 rule and start eliminating.
Drink from a Reusable Bottle
Buying a reusable water bottle is an easy way to save throughout the year. Americans spend around $11.8 billion on plastic water bottles. These are not only bad for the environment, but are also a poor financial decision. The use of a $20 reusable water bottle can save the average American $6,180 after five years of use. Buy your very own Glasstic water bottle and start saving. Its glass, shatterproof design makes it perfect for any adventure or lifestyle. Get your bottle today!
These are just a few tips to help you save money in 2019. Remember to keep your Glasstic by your side and stay happy and healthy!