So you’ve graduated and landed the dream job but it doesn’t quite come with the dream paycheck – yet! Rather than going broke trying to keep up with the more senior-level ladies of the office, I’ve put together five simple steps that will have you making small savings daily which will result in big savings by the end of the month!
1) Take a thermos: Instead of stopping by your favorite coffee shop every morning for your non-fat, vanilla latte buy a thermos and fill it with coffee brewed in your house before you leave. It’s too easy to add a muffin to your coffee order and before you know it you’ve spent $8 before 8am. If you really can’t go without your daily fix of coffee-shop bought beverages, then take your own travel mug – most establishments will offer a discount if you do and you are also being nice to the environment.
2) Walk: No-one’s suggesting you get up at 5am to begin a 10 mile trek to the office, but if you jump on the subway daily for just a few blocks, consider walking instead. Walking 20 minutes to work in the morning will not only save you the cost of a subway or bus fare, but will also give you time to think through and plan your day. This will also provide you with your daily exercise so maybe you can forego that pricey gym membership you rarely find time to use. So, when the weather’s nice throw on your comfy shoes, pop your heels in your bag and walk to work. Or for those longer commutes: car share – you’ll see big savings in gas costs.
3) Bring a packed-lunch: Ok so taking your homemade sandwich out of your handbag at lunchtime isn’t quite as glamorous as heading out with your co-workers to grab some sushi, but it will save you tons! Preparing your lunch at home and bringing it to the office could save you an average of $10 a day – that’s $50 a week! Food from home also allows you to cutdown on calories, sodium and sugar.
4) Don’t over-indulge in career clothes: As nice as it is to wear something different every day, try to refrain from overspending when it comes to your work wardrobe. Make sure you have a few staple tops and bottoms that you can mix and match throughout the week and then embellish them with fun accessories – a scarf or chunky necklace can change the whole look of an outfit. Of course have something extra special on hand for those big occasions when you have to dress to impress, but don’t go crazy trying to be the best dressed girl in the office every day – remember hard work is what will really get you noticed not your designer shoes! Besides if you are already wearing Jimmy Choo’s you probably don’t need that raise.
5) Take out a twenty: We are all guilty of simply handing over a credit or debit card for even the smallest transaction without much thought. So why not head to the ATM during your Monday morning stroll to the office and take out $20. Having a set amount of money in your wallet at the start of the week will curb your spending. This money is for any extras – pantyhose emergencies, joining the office lottery pool, a packet of gum – by giving yourself a set amount of money you will always be aware of what you’re spending and what you have left. You will cut down on unnecessary purchases leaving yourself more for the big stuff that really matters!
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2 Responses to “Five Simple Saving Tips for the Young Professional”
Graham Riddell Says:
September 15th, 2012 at 1:05 pm
A well informed piece with knowledgeable insight into the use of accessories. You deserve a raise!
September 15th, 2012 at 1:45 pm
Excellent Article Mary! I often struggle in the days leading up to my pay check arriving, hopefully these tips will help next month.