Saving Money – coffee and stuff like this — you could invest what you save, which means you would have $50 per week — which over time, would compound and so on!
Saving money can be almost as important as making money, on the basis that the more you save, the less you need to earn.
This is particularly true if the money you are saving is redirected into an investment fund which allows your money to grow exponentially and compound over time, for instance with CMC Markets shares.
The other thing you want to consider when looking to save money is also how to save time; after all, the majority of times we are looking to save “time” rather than money and this often comes at a cost.
For instance, if you wanted to get somewhere quicker, when driving, you might put your foot down on the gas pedal – thus using a lot more fuel than if you were to take it steady, on the basis that saving time is more important than money. Similarly, people will often pay for tolls to get where they are going much more efficiently with a direct, high speed, toll road.
That said, money saving doesn’t have to take loads of time, it just requires a little more organisation and preparation in advance.
Let’s take a look at breakfast, for instance.
When it comes to eating breakfast many people either skip their breakfast because they’re rushing to get to work or they grab something on the way that tends to be overpriced and quite bad for their health.
Eating “on the go”, in this sense, can be expensive – and whilst it might not seem very much money at the time, if you pay $5 for a coffee each morning, this is $35 per week. Imagine, if for one year, you redirected this $35 into something like bitcoin… particularly if you did this a few years back.
The other aspect of eating breakfast in this way, is that because it is likely a sugary or greasy snack, this causes peaks and troughs in terms of energy levels – which means that your energy levels are likely to “crash” mid morning and your body will crave sugar in order to boost your energy… which inevitably means you will spend more money on another sugary snack, to keep you ticking over until lunch, which is an expense you could easily eradicate from your life.
When it comes to breakfast, the best thing you can do is prepare something the night before, in advance, so you’re not rushing around in the morning. A great example is a smoothie with fresh fruit, coconut milk, some dark green leaves and some chia seeds. You can blend it up, the night before, keep it in the fridge, then in the morning grab it and drink it on the go – knowing it is healthy and will keep your energy levels topped up for several hours. You could even drink this whilst driving.