365 Tips for Saving, Investing, and Making Money - Part 3

Tip #21: Take public transportation.

Public transportation is often cheaper than owning, maintaining, and paying for gas for a car. Consider selling your car and making the switch.

Tip #22: Walk more.

Instead of driving your car small distances to the store and post office, consider walking to those places instead. Not only is it good for you, but it will save you money on gas and wear-and-tear.

Tip #23: Purchase a speed pass for tolls.

If the region you live in offers an automatic toll pass, purchase it. It may have a high upfront cost, but it will pay off in reduced tolls over time.

Tip #24: Purchase a pass for public transportation.

Purchase a pass to take the local train or subway system. In the long run, you’ll save a lot of money by paying less each time you use public transportation.

Tip #25: Spend money on entertainment with high re-use value.

Instead of sinking money into video games and other forms of entertainment that cannot be reused, instead focus on forms of entertainment that have a high reusability factor. That is, try to get the most entertainment per dollar spent.

Tip #26: Purchase video games with high re-play value.

Similar to tip 25, purchase video games that can be played 1,2,3, or more times. Don’t settle for purchasing a $50 game that will no longer be enjoyable after a single play.

Tip #27: Limit consumption of flavored drinks.

Flavored drinks are an expensive luxury that frequently is not worth the amount we pay. Instead, take a water bottle with you and fill it up at home using the tap.

Tip #28: Make coffee or tea at home.

Buying coffee or tea at your favorite place can often be a nice experience. However, it is many times more expensive than making the same coffee or tea at home.

Tip #29: Stop smoking.

Smoking is both unhealthy and costly, so quit.

Tip #30: Reduce alcohol consumption.

Excessive drinking is both unhealthy and an unproductive activity. Cut the alcohol out of your budget and your life.