Five Simple Saving Tips for the Young Professional

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!

More like this:

http://maryandmoney.com/money/mary-in-o-magazine/

http://maryandmoney.com/debt/dos-and-dont-when-calling-creditors/

Tags: , ,

2 Responses to “Five Simple Saving Tips for the Young Professional”

  1. 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!

  2. Patricia Says:
    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.

Leave a Reply

  • Guanxi and Building Trust
  • Winning Entrepreneurs
  • Feeling Desperate? Stop and Read This
  • Passport to Prosperity
  • Allowances: Do’s and Don’ts
  • No Money, No Marriage? Mary’s Solution
  • Doubling Your Money
  • Kids and Money: Structuring Chores
  • What Hiring Managers really Want
  • Great Design – Better Pricetag
  • Don’t Call Me Rich! Why Women Are Afraid of Money
  • Paycheck to Paycheck: The New Normal
  • Your Questions: Family Money Strategy
  • What is the Best Time to Buy?
  • Do You Know What Your Kid is Thinking?
  • Find New Love for an Old Career
  • Finding Money
  • DIY Energy Assessment
  • Do’s and Don’ts for Your Treasures
  • Home Need Some Work? Watch This
  • Getting Better Service is Possible
  • Confidence Project: Assignment 1
  • Confidence Project: Goal Setting
  • Bankruptcy: True or False
  • Confidence Building in Action
  • Chicago Shares Mary’s Money Tips
  • Money Confidante Tips for Car Buyers
  • Fun with 6abc at the Philly Auto Show
  • In Defense of Lance Armstrong
  • Mary’s Tips in Parade Magazine
  • Money Confidante: Making House Calls
  • Confidence Project: Top 3 Tips for Building Financial Confidence
  • Confidence Project: Getting Started
  • Money Lessons the Fun Way
  • My Money Confidence
  • Happy New Year!
  • Welcome to The Confidence Project
  • New Year’s Resolution: Understand Money
  • New Year New Look
  • Need Help With Your Money?
  • Just a Reminder…
  • Checklist: Some Expenses You May Have Overlooked…
  • Dos and Don’ts for Holiday Harmony
  • Are you a Scrimping Scrooge or Splurging Santa? Take the Money Confidante’s Holiday quiz and find out!
  • What’s Behind your Spending?
  • Impress Your Guests for Less!
  • The Truth About Store Cards…
  • Wise Words
  • The Juggling Act
  • Be Beautiful on a Budget!
  • The Cost of Raising Kids
  • How Gary Cooper Would Scale the Fiscal Cliff
  • Behind the Scenes & In the Hot Seat: Holiday Spending
  • Five Tips for the Frugal Fashionista
  • Baby Baby Baby!
  • Make the Holiday Abundant not Wasteful: Turkey Leftover Recipes!
  • Take The Money Confidante Quiz: Are You Ambitious or Indifferent When it Comes to Your Career?
  • Keeping it in the Family
  • We Owe What? The Clark Family
  • Did you Know…
  • Cupcake Crazy!
  • Take the Money Confidante Quiz: How Financially Healthy is your Relationship?
  • Have a Frighteningly Fun & Frugal Halloween!
  • Mary’s TV Show Enters its 2nd Season
  • We Owe What? The Lafferty Family
  • Kids and Money: Quick Activities
  • Tips for a Weekend-Break that Won’t Break the Bank
  • The Price of Friendship
  • Sometimes You Just Gotta Rant!
  • Allow Your Inner Bag Lady to Speak Up!
  • Dine for a Dime…
  • Secretive Spending or Frivolous Fun?
  • We Owe What? The Kussman Family
  • We Owe What? The Anderson Family
  • Take the Money Confidante Quiz: What Does Your Spending Style Say About You?
  • Women of Wilmington Ready for Change!
  • First State Change Agents
  • What is Mary’s Show About?
  • Lights, Camera…How Much?!
  • Building Boundaries for your Boss
  • Here’s a Tip…
  • We Owe What? The Jarett Family
  • Mary in This Month’s Parenting Magazine
  • Ink: The Hidden Cost of Body Art
  • Newlyweds and Money: The Financial Hurdle at the End of the Aisle
  • Five Simple Saving Tips for the Young Professional
  • The Money Battle: ‘I Want That’
  • Learn How to Negotiate
  • Mary in “O” Magazine
  • Cities with the Most Spoiled Kids
  • Phone apps can slash your vacation costs
  • How to Get Mary’s Help
  • Wall St. Legend Talks About Kids and Money
  • Super Weekend, Fabulous Families
  • Talking About Money With Your Kids
  • Stedman Graham Talks to Mary
  • A Day to Celebrate
  • Vince McMahon talks Business
  • Do’s and Don’t When Calling Creditors
  • Ready to Leave the Nest But Not Ready to Leave the Perks
  • Path to Work Life Harmony
  • Global Citizens Award
  • Awkward Moments
  • Awkward Moments
  • Is Your Man (or Woman) Your Financial Plan?
  • Facebook and Twitter
  • Latest News
  • Tips for Raising Financially Fit Kids
  • How Do I Get Mary To Help Us?
  • The Kids Have Grown the Nest Egg Hasn’t
  • Where You Can See My Show “We Owe What?”
  • Facing Past Money Mistakes and Letting Kids Fly $olo
  • Faith and Finances: Meet the Chandlers
  • The Difference Between Tax Credits and Deductions
  • Family of Nine Looking for Ways to Save
  • Five ways to stop drowning in debt today
  • A New Financial You After a Break-up
  • Money Troubles Keeping You Up?
  • Their Money Can’t Keep Up With Them
  • Buy Used and What to Never Buy Used
  • Curt’s New Game
  • Adapting Money Skills to Life Changes
  • Caught in a Credit Crunch
  • This Week: Fighting Crushing Debt
  • Paying the Bills vs Playing with the Kids
  • New Episode this week
  • How to Budget (for people who hate to)
  • Mary and Social Media
  • A 5-Year Plan for You!
  • Mary’s New Show Starts This Weekend!
  • FYI Talks About Mary’s New Show “We Owe What?”
  • A Success Story and a Test
  • Update Your Least Favorite Room for Less
  • Pop the Hood! What You Need to Know About Your Car
  • Insurance Claims Telephone Numbers
  • The Struggle to Juggle: Motherhood and Work
  • Got a Tough Decision to Make? Here is Help!
  • Making Money on Ebay
  • To-Do List for the New Collegiate
  • Help for the Home-front: Foreclosures
  • Scam Artists Target Job Hunters
  • GOLD RUSH
  • Do You or Don’t You? The Reality Check for Starting Your Own Business
  • Car Talk: Buy or Lease?
  • Ask Mary: Work From Home
  • Does eBay Still Matter?
  • Can You Mix Money with Art?
  • Can You Get Out of a Car Lease Early?
  • Relationship Skills Worth Learning
  • How the Coupon Queens Do It
  • Don’t Call them Gen Debt
  • ASK MARY: Banking Online, Is it Safe?
  • When You Become a Parent to Your Parent
  • You Will Love Herb
  • Ideas to Help You Raise $mart Kids
  • Tools to Become a Social Media Maven
  • Teens and Money: How to Jump-start the Conversation
  • New Grads Here is How to Expand that Paycheck
  • Mark Haines 1946-2011
  • A Better Break-up? Yep!
  • Straight Talking Financial All Stars and 3 Fed Presidents: 1 Great Conference
  • A Coupon Collector: Does it work?
  • Ask Mary: Hiring a Financial Advisor
  • Six Figure Women
  • Six Money Tips for Young Professionals:
  • Saving More at the Supermarket
  • Are Your Kids $marter Than You?
  • My Money Tips are in Tracey’s New Book
  • Erasing Debt with a Happy Ending
  • Refi a Car? Yep. But is it a Good Deal for You?
  • Housing Market Future: Grim or Great?
  • Let Your Stuff Take Care of YOU!
  • Get the Boss (or anyone) to Commit
  • Where do you find LiveWell TV?
  • Too Big to Fail
  • See Brian Sack from the NY Fed for Free
  • ASK MARY: Credit Card Fraud
  • Job Search: Word Games Hiring Managers Play
  • Zac Posen and Chanel for $5? Shopping for a Cause is a Great Deal!
  • Eat Cheap and Eat Well!
  • Home Time: Advice to Make Your Home Project a Success
  • Help My Boss is a Crackberry!
  • What are Energy Efficient Mortgages?
  • Overspent during the holidays? Now what?
  • PAYING FOR THE RENOVATION
  • Mary’s Work
  • Could You Work with Your Mom and Dad?
  • New Year’s Resolution: Get Your Finances Organized!
  • A Story from the Entrepreneurial Frontline
  • Ask Mary: Debit or Credit?
  • ASK MARY: Getting out of a Lease
  • Ask Mary: Savings Bond for Baby? Tipping at Restaurants- How much?
  • Teach Kids Good Money Habits, Even if You Need Help Yourself!
  • Stay Warm and Safe
  • Should I Go Solar?
  • Social Media Strategies to Build Business
  • Job Seekers 2
  • STRATEGIC DONATION TO GIC FROM PAUL MCCULLEY LEADS TO THE CREATION OF A GLOBAL SOCIETY OF FELLOWS
  • Negotiate This!
  • ASK Mary: Find a Financial Advisor
  • Two for One Special
  • Is Online Banking Safe? Your Questions Answered!
  • Ask Mary: How to Save When You are Just Starting Out
  • What Are Your Questions About Bragging?
  • Learn To Talk About “You” Effectively
  • Reason to Believe
  • A New Career in Sports!
  • Ask Mary: Discount Gourmet Grocers
  • Craigslist without the Awkwardness
  • Ask Mary: High Cost of College Text Books
  • Need Money Now! Quick Cash without the Loan Shark
  • Ready to Re-Launch: Getting Mom Back to Work
  • Ask Mary: Finding a Trustworthy Advisor
  • Reverse Mortgages Become a More Affordable Option
  • Learn More About Your Credit Score
  • What Are You Doing This Weekend?
  • Help My Boss is a Workaholic!
  • Do You Shop ’til Your Bank Balance Drops? Here is Help
  • Action Plan for the Week
  • Travel Tips: Saving on Airfare
  • Smart Souvenirs
  • Here is What is Coming Up This Week
  • Get Schooled on Money
  • Mary Talks Money New Season Kicks Off
  • Luck Ducks Follow Up
  • Spoil Sport: How Parents are Doing Harm by Giving In
  • Family, Money and Business Start-ups
  • Recession Officially Over – the Pain is Not
  • Try This: A Great App for Managing Money
  • Get a Job: The Paycheck
  • Mary Talks Money on TV
  • Time to Buy a Car?
  • US Open Starts Tomorrow
  • The Art of the Yard Sale
  • Ask
  • Daymond John: Make Like a Shark in Your Job Search
  • Your Elevator Pitch
  • See Ya Later Slater: Is the 15 Minutes Up Yet?
  • Economy: No Easy Fix
  • Craigslist Shopping Tips
  • The Benefits of Bartering
  • Back to School with Money Left Over
  • Try This! Great App for Smartphones
  • Life on a Short Leash
  • Ask Mary: IRA Conversions
  • Marriage and Money Part 2
  • Marriage and Money Part 1
  • What Successful Dads are Teaching Their Kids
  • Guide to Getting Your Idea to Market
  • Ask Mary: Teens and Kids Weigh In
  • Instead of Golf for Business, Try This!
  • Job Search Tax Reality
  • 1220
  • Steinbrenner: Business and Baseball
  • New Baby on the Way: Help!
  • DIY: How to Cut your Kids Hair
  • Investing in You
  • Declaration of Career Independence
  • Job Loss: Investing in You
  • Should it Stay or Should it Go?
  • What Women Over 40 Need to Know Now
  • Is Your Idea Money in the Bank?
  • The Power of Memory
  • Cheapskate Fashionista!
  • Your Turn: Teaching an 8 yr old about Money
  • Happy Father’s Day Dad
  • Fathers Day: What Rich and Famous Dads Teach Their Kids
  • Have You Read Tracey’s Blog?
  • Will this Help You?
  • Student By Day, Entrepreneur After School
  • Living Brilliantly
  • DIY: Bridesmaid Bouquets Made Easy (and Lovely)
  • Paying for Childcare
  • Benefits Check
  • The Brainy and Beautiful Bobbi Brown
  • Look Great for Less
  • Four Year Old Money Mavens
  • Fabulous Weddings for Less
  • DIY Floral Arrangements
  • What to Read this Summer: Free Event
  • Get Hired by Looking like a Winner!
  • Pet Medical Care
  • Going to the Dogs
  • Cheapskate Chic- part deux
  • Your Turn: Kids and Shopping
  • Forget the MBA Spend an Hour with Vince
  • Kevin Smith Before Too Fat to Fly
  • Girls with a Grudge don’t Win
  • Today’s Opportunity
  • Mary Talks Money Debuts: Where to find it
  • Richard Branson
  • January Event: Finding $ Happiness at Home
  • ASK MARY: When to get the kids their own account
  • Tune in Monday for the Debut of Mary Talks Money
  • Energy Investment: Gov. Ed Rendell on the Future of Fuel
  • Life After the Great Recession: A Conversation with Steve Forbes
  • Baby its Cold Outside: A Smart Strategy for Lowering your Energy Bill
  • ASK MARY: Love and Money- Is it Time to Get a Referee?
  • I Want That! Sneaky Ways to Teach your Kids about Money
  • Credit Card Management
  • Are American Consumers Getting their Groove Back?
  • Not Only is it Getting Dark Earlier… But this is Peak Season for Deer-Vehicle Accidents.
  • Paying it Forward
  • Unemployment hits 9.7%
  • College and Credit Cards
  • US Open Tennis: Arthur Ashe’s legacy
  • Negotiating Skills Part 3
  • Negotiating Skills Part 2
  • Ford Chief Economist Ellen Hughes-Cromwick
  • John Bogle
  • Make $ This Summer
  • Sell Yourself in 30 Seconds or Less
  • Stop Looking for Shoots
  • Why Jim Rogers Left NY for Singapore
  • From the Street: A Simple Lesson
  • Derivatives Deconstructed
  • Bolt Bus vs Amtrak
  • Getting that First Gig: A Few Tips
  • My Day with the Bull Riders
  • Staples Founder: Tom Stemberg
  • The Opportunity
  • Growing up McMahon
  • Beyond the U.S. Open: How Golf Can Make You Rich
  • Leveling the Playing Field
  • Future of Fuel Series: Ethanol’s Struggles
  • The Future of Fuel: Cellulosic Ethanol
  • Faith-What is it?
  • Trickle Down Economics at Penn
  • Curt Schilling, the Red Sox and the Jimmy Fund
  • And its Gone!
  • Zandi: The Economy, Obama, Bernanke and more
  • Clean Dry Cleaning? It is Possible with a Price
  • From the Gutter- to Giver
  • Elevator Pitch: do’s and don’ts
  • Rules of the Road
  • Bio-Fuel Fanatics
  • A Shopaholic’s Fix
  • Beyond Cramer: The Biz Press and the Financial Crisis
  • Taiwan: Does it still need the United States?
  • Langone on the Spitzer Image Rehab
  • Happy Birthday Mr. Bogle
  • Jon Huntsman talks about the Economy and Ethics
  • Preemptive Strike to Battle Over Spending
  • Chris Whalen on the Banks
  • Barry Ritholz: Power Struggle inside the Obama Administration
  • H1N1: Prudence vs Hysteria
  • Former Fed Official Bill Poole
  • Banking Mess: Solutions to Think About
  • A Home to Own or to Borrow?
  • Fuel Cell Vehicles: What are they like?
  • Earth Week: New Laws Expected
  • Why the Money in Mary and Money??
  • Tax Day Deep Thoughts
  • Your product may be boring, but your image doesn’t have to be
  • How Bad is the Economy?
  • Goodbye Taki
  • Branson: A Rebel with a Cause
  • Getting Ready for the Rebound
  • Martin Wolf of the Financial Times
  • Young, Skinny and Cheap Chicken
  • Missed Opportunity: Why weren’t the builders doing this during the boom?
  • Bragging Rights: The Back Story
  • Bragging Rights
  • Let me consult the board
  • Steve Wozniak: Before Dancing with the Stars– there was Apple
  • Jim Rogers: Part 5 of 5
  • Jim Rogers: Part 4 of 5
  • Jim Rogers: Part 3 of 5
  • Jim Rogers Part 2of 5
  • Mary Caraccioli Interviews Jim Rogers: Part 1 of 5
  • Stewart’s J-School
  • Ashamed!
  • Risky Business
  • When You Become the News
  • First Person: My Russia
  • Carl Icahn on Yahoo
  • One American Family
  • Financial Crisis: A Conversation with Steve Forbes
  • Ask Mary
  • A New Look at Trash
  • Remembering Dr. Papadakis: From Nov 2007
  • What People Are Saying
  • Save $ Make Your Own Cold Coffee Treat
  • March Madness: Stewart vs Cramer
  • Mary Caraccioli
  • Archives
  • Chatter

    About Mary

    About Mary Mary Caraccioli, MLA, MBA is the Money Confidante. An Emmy™ Award winning financial journalist, she has worked at CNBC, FOX, Comcast and ABC's LiveWell TV where she has created numerous award winning programs. Mary also helped to create the Lou Dobbs syndicated radio report. She was an early adaptor of digital media and creator of well respected money websites.

    Mary has access to the top financial thought leaders and brings that information home to everyday people who are looking to make better money decisions in their lives. Let the Money Confidante help you and your family too!    Learn more...

    © Copyright 2018 The Money Confidante
    By: InsiteMarketing Design by: Salvatore Fabbella

    Powered by WordPress | Login