$10,000 might sound like a lot of money but with some simple lifestyle tweaks, you might just find yourself with 10 grand of excess cash in the bank.
Here’s how:
- Bring your own lunch
Especially if you’re working in the CBD, the typical lunch is about $6 and can go up to $15 for a salad. Pick up your own greens and toss together your own gourmet salad for only $3 a serving.
Annual savings: ~ $4380
- Skip the Starbucks.
The average Starbucks sets you back by $5. With one cuppa a day, that works out to $1825 a year.
Opt for the coffeeshop kopi instead and you will end up saving $4 a day or $1460. Or better still, drink the free coffee available in your office pantry.
Annual savings: ~ $1825
- Try House Brands
Most supermarkets have their own house brands for nearly every product from food to detergent and simply by replacing them with house brands, you can easily cut $50 from the weekly grocery bill. (Without compromising on standards most of the time – for example, did you know that NTUC Fairprice’s white bread is exactly the same as Sunshine’s?)
Annual savings: ~ $2600
- Switch to Cheaper / Free Hobbies
Do you really need that gym membership to run on a treadmill when a run around your neighbourhood will cost you erm, nothing?
Annual savings: ~ $2000
- Invest in long-term happiness
Saving up shouldn’t mean having to make tortuous sacrifices. Allow yourself small rewards such as a new dress when you have successfully saved $5,000 in 6 months and spend responsibly on things that have longer-term purposes, such as that new laptop for work.
(Top image via)
