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One of the hardest things for people to do is get out of debt and get some money into a savings account. I had my own personal struggle with this as I worked my way through college, and I had to learn a lot of things the hard way. So starting today, I’m sharing some money-saving tips with my readers every Monday, to help you live debt free and get some money into savings. We’re going to start small, so don’t stress about selling all of your pretty shoes!
What’s actually in it for you? I’m going to give you a quick and easy money-saving tip, along with some examples of this tip in action, so that you can implement today and save some money!
Today’s tip: Make Coffee at Home. I say this as I actually sit here (at 5:00 o’clock in the morning) sipping my own delicious homemade iced coffee, so I promise I’m not being a hypocrite here.
This one is really hard to do, especially for me. I love any coffee that I didn’t have to make myself, whether it’s Starbucks or my cozy hometown coffee shop. BUT, coffee made by someone else is way more expensive than homemade coffee, and that extra expense adds up at the end of the month.
Case in point: If I buy my favorite iced espresso every day for one month, it adds up to about $165.00. Not to mention adding a croissant or another snack to the bill. Easily $300 a month, which adds up to $3,600 a year. That is a LOT of money! If you are a college kid trying to save money, a housewife trying to cut costs, or any other person on the face of the planet that just needs to avoid or get out of debt, this small tip is super important.
My homemade coffee costs me about 10 cents a day, it tastes delicious and it does the same thing that those pricey coffees do. So, save yourself some money and follow this tip: buy yourself an inexpensive little coffee pot like this one. You can even go wild and buy a fancy one like this one, because it will still cost you less at the end of the month than buying coffee out of the house. Some coffee grounds, some delicious creamer, some cute coffee mugs, and you’re all set to save money and enjoy your daily dose of glorious caffeine!
Today’s tip in action: try out this super easy and delicious coffee recipe that tastes just like a fancy cinnamon latte from your local coffee house (maybe even better). One of my secret tricks for making homemade coffee taste delicious: add a teaspoon of coconut oil and a pinch of cinnamon, and blast it in the blender for a few seconds to make it frothy.
It is little things like this that make a huge difference when you are trying to get out of debt and save money. Start with these baby steps, be conscious of what you’re spending and where, and think about simple ways to cut back (like making coffee at home). Stay tuned next week for another Money Tip Monday!