Lifestyle Changes that will SAVE YOU MONEY ~ Not Quite an Adult (2024)

The onlyrealway to become financially stable is to live on less than you make. Seems simple enough, right?Wrong.

We live in a time of instant gratification and thinking that things are the key to happiness. There isno wayto make financial moves and grow wealth if you aren’t making changes toward a more sustainable lifestyle.

There are only two ways you can improve your finances:

  1. Increase your income
  2. Change your lifestyle

If you can’t find a way to change your job and increase your income, you’re going to have to change up your lifestyle!

As an affiliate partner of various brands, we earn commissions on qualifying purchases.Disclosure

Have you ever heard the quote “insanity is doing the same thing over and over and expecting a different result”.You’d beinsaneto think that your finances will fix themselves if you don’t do something about it.

Let’s go over some of the simplest things you can do to change your lifestyle and change your finances!

Our blog posts often contain affiliate links, you can learn more in our very long (and very boring) affiliate disclosure!

Table of Contents

#1 – Start Budgeting

This may seem like ano-brainerbut so many people overlook budgets because they view them as boring, annoying, and fun-sucking. They aren’t totally wrong. Budgets can be boring, but they don’t have to be fun sucking!The whole point of a budget is to PLAN for what you want, so you just need to plan for the fun you want to have!

Looking for an awesome beginner budget method? The Zero-Based Budget is an awesome way to budget your money because it gets you to create a plan for every penny which means you’re going to have less of a chance to make a mistake!

#2 – Only Use YOUR Bank’s ATMs

This may not seem like a big deal from day-to-day, but using another bank’s ATM can cost you anywhere from $0.50 to $5.00! I’m not sure there is a less intelligent way to use your money because this gives younothingin return.

It usually isn’t that hard to find your own bank branch AND most places take credit or debit these days anyway! Avoid the fees.

#3 – Shop Around

Most people are willing to look for good prices onhugepurchases like cars, or homes but often won’t spend much time looking around for the less expensive purchases.

Is there a certain kind of macaroni and cheese that you buy every week that at some stores is $5 and other stores it’s only $3? I know that $2 doesn’t seem like a huge difference, but switching stores could save you over $100 a year and that can add up!

You should be shopping around for the most affordable groceries, cell phone bills, etc.

#4 – Start a Meatless Monday

Every single time I’m at the grocery store, the most expensive thing in my cart is some kind ofmeat.I’ll never understand why 4 chicken breasts can be almost $20.

If you have a little creativity in your meal planning you caneasilyplan out a meatless Monday once a week! This could save you $5-$20 a week depending on the meat you enjoy, that’s almost $500 a year!

If you’re at a loss for good vegetarian meals, definitely look it up on Pinterest. That’s where you can get all of thebestcreative inspiration when it comes to recipes! Here’s an awesome Pinterest board for all sorts of veggie inspiration.

#5 – Cancel Unnecessary Subscriptions

Have you noticed how many new subscription services are popping up these days? There’s music, television, clothing, shoes, and so much more. It’s starting to get a little ridiculous.

I’ll never tell someone to cancel all of their subscription services because Netflix is my life. I’m watching suits for the 10th time while writing this post! However, I can pretty much assume that you have at leastonesubscription service that you don’t actually need.

#6 – Start A No-Spend Weekend

Have you ever thought of implementing a once a month no-spend weekend? A no-spend weekend is any two day period where you justdon’t spend money.You don’t eat out, you don’t go to the movies, you don’t buy snacks.

If you’re thinking “but wait, what do I do all weekend?”,I’ve got you covered. There’s this awesome infographic fromThe Wallet Moththat gives you 50 ideas for no-spend weekend activities!

#7 – Don’t Upgrade Until It Breaks

Technology isquick movingbut that doesn’t mean you always need to be keeping up with the Joneses. If you took a time machine back 50 years and talked to anybody and told them how people upgraded their phones every year just because they were fancier, people would probably beshocked.

There’sno reason why we need to be upgrading our phones, televisions, etc. every single year. It’s unnecessary and costs youa tonof money in the long run.

Here’s an example: Last year, I really really really wanted a new iPhone. Desperately. I decided not to go for it because I didn’t want to be under another annoying contract. When my 2 year contract was up, my phone bill went from $102 (before taxes) to $45! That’sinsane savings.

Just wait. Everything will break at some point, so you can get that shiny new object soon.

#8 – Eat Before You Go

This seems to be awell-knownthing for grocery shopping, but it should be true foreveryevent you go to! You may not think about it, but you can save a ton of money if you just eat before you leave the house.

If you’re going to a restaurant, you can either order something smaller (like an appetizer) or you can save half for lunch the next day! Both options saving you a few dollars. Eating before you leave the house will also stop you from wanting dessert after dinner, or needing snacks on the way home!

#9 – Talk About Money With Your S/O

It really hurts myheartto think that people break up because of miscommunications aboutmoney.Money is a really important thing in everybody’s life because you literally can’t live without it, and not having honest conversations with your significant other about your money situation is detrimental to your finances and your relationship.

Not only will talking about money save a relationship you’re already in, it can also help you pick a decent long-term partner.

If you meet somebody and think they’re perfect in every way and never talk about money before marriage, you may have a rude awakening when you realize you just marriage 100K in student loan debt and someone who has a shopping addiction!

Talk about money with your significant other at every opportunity you get. You’ve picked them as a life partner, you should feel comfortable enough to discuss these issues with them! Save your relationship, don’t let money break you up.

Final Thoughts

Changing small things in youreverydaylife can be a great way to move toward financial security andfreedom.Let me know in the comments below if you add any of these things to your life and if it helps your money situation! Also, if you have any other lifestyle changes you think people should make, let us know!

Lifestyle Changes that will SAVE YOU MONEY ~ Not Quite an Adult (1)
Lifestyle Changes that will SAVE YOU MONEY ~ Not Quite an Adult (2)
Lifestyle Changes that will SAVE YOU MONEY ~ Not Quite an Adult (3)
Lifestyle Changes that will SAVE YOU MONEY ~ Not Quite an Adult (4)
Lifestyle Changes that will SAVE YOU MONEY ~ Not Quite an Adult (5)
Lifestyle Changes that will SAVE YOU MONEY ~ Not Quite an Adult (6)
Lifestyle Changes that will SAVE YOU MONEY ~ Not Quite an Adult (2024)

FAQs

How do adults save money? ›

Use The 50/30/20 Rule. One simple money management tip for adults and teens is following the 50/30/20 rule. You should allocate 50% of your income to your needs, 30% to your wants, and 20% to your savings. With this rule, you can secure your savings and fund your essentials while fulfilling your wants.

How can I spend less and save more how much should I save? ›

It's our simple guideline for saving and spending: Aim to allocate no more than 50% of take-home pay to essential expenses, save 15% of pretax income for retirement savings, and keep 5% of take-home pay for short-term savings.

How can a poor man save money? ›

Give yourself a set amount to spend on groceries, bills, personal care, etc., and then make sure you don't exceed it. Be realistic when setting your budget. First, take the time to study your family's eating and spending habits, and then create a financial plan to tighten things up without suffocating everyone.

What are good saving habits? ›

Key takeaways. Write down short-term and long-term financial goals. Save early and consistently, and create a budget to manage spending effectively. Pay off high-interest debts first and consider consolidation or refinancing for better terms.

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

What is the no spend challenge? ›

Updated Fri, Mar 29 2024. Liz Knueven. The “no-spend” challenge has been around for years but gained new life in 2024, thanks to TikTok and No Spend January at the beginning of the year. Participants are encouraged to go on a spending “fast” by abstaining from buying anything but the barest essentials.

What are the modern way of saving money? ›

Automate your saving by setting up a direct deposit from your paycheck into a high-yield savings account or money market account. Pay off debt. Work on paying off your debt, starting with high-interest debt, to free up more money for savings and improve your financial situation. Earn more.

What is the 70% rule for saving? ›

The 70% rule for retirement savings says that you can estimate your future retirement spending by multiplying your post-tax income by 70%. For example, if your income is currently $72,000 per year after taxes, your future annual retirement spending would be around $50,400, or $4,200 per month.

What is the 50 15 5 rule? ›

50 - Consider allocating no more than 50 percent of take-home pay to essential expenses. 15 - Try to save 15 percent of pretax income (including employer contributions) for retirement. 5 - Save for the unexpected by keeping 5 percent of take-home pay in short-term savings for unplanned expenses.

What is the 50 rule for savings? ›

The 50/30/20 budget rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do. The remaining half should be split between savings and debt repayment (20%) and everything else that you might want (30%).

How much should adults have in savings? ›

It's generally advised to save three to six months' worth of expenses in an emergency fund. With our example, your emergency fund should ideally be $15,000 to $30,000. It's best to keep your emergency savings in a liquid account so you can access them quickly and without penalty when you need them.

How to save $10,000 in a year? ›

To reach $10,000 in one year, you'll need to save $833.33 each month. To break it down even further, you'll need to save $192.31 each week or $27.40 every day. These smaller chunks are much more realistic and simple to comprehend, making it easier to track your progress.

How much do adults save per month? ›

At least 20% of your income should go towards savings. Meanwhile, another 50% (maximum) should go toward necessities, while 30% goes toward discretionary items. This is called the 50/30/20 rule of thumb, and it provides a quick and easy way for you to budget your money.

Top Articles
Latest Posts
Article information

Author: Sen. Emmett Berge

Last Updated:

Views: 6301

Rating: 5 / 5 (80 voted)

Reviews: 87% of readers found this page helpful

Author information

Name: Sen. Emmett Berge

Birthday: 1993-06-17

Address: 787 Elvis Divide, Port Brice, OH 24507-6802

Phone: +9779049645255

Job: Senior Healthcare Specialist

Hobby: Cycling, Model building, Kitesurfing, Origami, Lapidary, Dance, Basketball

Introduction: My name is Sen. Emmett Berge, I am a funny, vast, charming, courageous, enthusiastic, jolly, famous person who loves writing and wants to share my knowledge and understanding with you.