It’s that time of year again! The crisp air, the winter fairytale snow, the holidays; it’s all so beautiful. But this time of year is also the time when most people take a step back, reflect on the past year and decide what changes they want to make in the coming year – gulp – it’s time for the dreaded New Year’s resolution. Call it depressing. Call it horrifying. Yet, the reality is that it is something that we all must face.
But don’t fret! I’m here to help you out. The future is most always uncertain, but there are ways to make things easier. Still feeling overwhelmed and unsure? Well, here is a list of 5 super practical New Year’s resolutions that will undoubtedly help you save money in the new year.
1) Opt for water.
We all know the benefits of drinking our good ol’ friend, H2O. They’ve been touted at us for decades. Roll your eyes all you want, but the truth of the matter is that drinking water is one of the best decisions you can make for your health, both mental and physical. But if you can replace even one of your drinks (soda, iced tea, etc.) each day with water, you will reap the monetary benefits as well! Since water is often cheaper than other sugary drinks, by opting for it, you can keep some extra cash in your wallet and maybe even an extra inch or two off your waist.
2) Brew your own coffee.
This resolution might seem like common sense, but, in the hustle and bustle of our everyday lives, it’s quite possible that it might not even cross your mind: brewing your own coffee instead of buying it from a coffee shop will undoubtedly save you money. Say you buy a cup of coffee each day for around $2. By brewing your own coffee, even just 5 of the 7 days per week, that’s $40 per month that you could be putting toward other things! When you really break it down, it seems like a no-brainer.
3) Use your crockpot.
The cooking gods blessed us with this incredibly useful and time-saving appliance, so we might as well use it! Whether you wake up late and don’t have time to prepare dinner to cook upon your return home from a long day at work or you need a dish to bring to a party, the ever-awesome, lazy man’s crockpot is the answer to your prayers. Just throw all of the ingredients into the crockpot, turn it on and – abracadabra – your dinner will be waiting for you when you get home! And, since crockpot meals are often made in bulk, not only will you have dinner for the night, but you can have lunch and/or dinner for the rest of the week too.
4) Set a limit on social expenses.
Need a resolution that, not only saves you oodles of money, but also helps you get into the habit of making smart, thrifty choices? Well then, my friends, this might just be the one for you. Limits are a necessary part of life, but that doesn’t mean that all New Year’s resolutions need to be robotic promises to ourselves that restrict us from doing something or eating something that we love. Start with smaller limits. My husband and I live a tight-budget lifestyle (and we rock it, might I add). So, being in charge of our finances, I set mental limits on how many times per week we can go out to eat or grab some takeout. This resolution involves some thinking ahead, however – it might not be a smart idea to go out to that Mexican restaurant tonight if you have dinner plans with friends at that nice Italian restaurant in a couple of days. See where I’m going with this? Healthy limits promote thrifty habits. You will save money this way.
5) Research, research, research.
Let me say that again: research, research, research! I saved this one for last because I find this to be the most practical resolution you can make, but it also provides the most benefits if you truly want to live thriftily within your means. Research everything. And don’t take this lightly – we’re talking real money being saved here, and often, a lot of it! I do my research before I do anything. No, I’m not kidding. Ask my husband and my mother, I literally research everything (and sometimes annoy the life out of everyone in the process). This research can be as simples as taking a gander at Groupon or Living Social before making a purchase, in case they might have a sweet deal on what you need. Or this research can be a little more complex, like scanning your local grocery store’s flyer and then scouring the internet for any available coupons before making your shopping list. As I touched upon in a previous post, a little foresight goes a long way, and researching will help you to ensure that you are only buying what you need (and not just because it’s on sale), and that you’re buying it at the best possible price.