Cut cable. A Netflix, Hulu, or other streaming service can save $1,000 a year.
Eat at home. Preparing meals is radically less expensive and healthier. When you’re really busy, meals become an easy ‘emergency’ because you’re hungry and when you’re hungry you biologically can’t think straight. Saving $10 three times a week is $1,500 a year.
Cut health club. “Health Club” is also a synonym for ANYTHING that has a monthly cost. GUARD YOUR MONTHLY CASH FLOW LIKE A MOTHER-TRUCKER.
Learn the word “no.” Learn it. Make it a new part of your vocabulary. Love it. Embrace it. Because, when it comes to money, you’ll be saying it quite often. Practice with us now: “NO!” (HT here).
Zero Hobbies. Hobbies are great for well-rounded people with unused time and money. You’ve got neither and you know who’s well rounded? The local barista who goes to poetry slams and plays guitar. You know who’s not? Engineers. Those guys are focused – they throw their Birkenstocks on over their socks and get to work. There will be a time in life when you can do all the hot yoga you can stand. That time is not now. It’s ok to have no life for a while.
Find creative housing solutions. Housing and transportation are your biggest expenses by a long shot. We’ll do entire posts on each of these, but there are alternatives to traditional rent. You can share housing, live with an older couple, live in less expensive parts of town, live in your van, and more.
BIKE! There is no more effective way of transportation than the bicycle. It will easily save $2,000-$5,000 a year. You can take it on the light rail and commute from and to nearly anywhere. For more on that read here.