3 Easy Ways to Cut Costs in Your Daily Life

by January 28, 2016
filed under Life
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Woman holding cash


The idea of saving money can be impossible when you’re scraping by, and I know the issue all too well. But through the years I’ve learned that by using a few tricks you can save enough to allocate where you need it the most, like groceries or transit. Here are 3 easy ways to cut costs in common areas so you can have more money long term.

1. Get rid of bank fees
We’ve been raised in a society where bank fees are so normal we think it’s just the way it has to be, but the reality is that the poorer you are the more the bank makes because if you can’t pay what you owe you’re charged late and overdraft fees on top of monthly bank fees. To save money, I’ve cut ties with my branch and signed up for a fee-less bank called PC Financial. However, there are lots of other fee-less banks out there. Little known secret: You can still deposit cheques at any bank without being a registered customer.

2. Curb junk food cravings
Most of the time when I go over budget it’s because of cravings, and not only is it bad for my health but it’s terrible on my wallet. To get around this I’ve started eating healthier and cheaper options in my regular diet that are just as satisfying and keep the cravings away, such as sweet potatoes instead of chips or smoothies instead of chocolate. This has been a life saver, especially because the more junk food you eat the more you crave and the more money you spend.

3. Have a house party
Going out puts you in so many situations that you can’t control, such as overpriced food and drinks, late-night taxis and social pressure. To avoid this, I like to have friends over where the environment is controlled, I already have everything I need and the best part is that people will bring things over: Snacks, alcohol, games, etc. As well, a potluck is a great way to avoid supplying everyone with snacks and even end up with free food for the rest of the week.

What are some other ways you cut unnecessary costs? Let me know in the comments below!

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