Saving money for something Big, like a car, house, or Fuck Off Fund, doesn’t necessarily mean cutting yourself off from avocado toast and lattes — but it does mean spending more (or, uh, at least a little) time looking over your bank statements. If your palms are getting sweaty just thinking about finances, you’re in the right place! NOW is a great time to start thinking about what’s happening to your money, even — and, well, especially — if you don’t have a lot of it.
Traditional tools (401(k)s, mutual funds, and the like) can be very intimidating for those who are just starting their financial journey. You already know: Saving money regularly (even if it’s a tiny amount) should be a priority, but how to actually make sure you have money to spare for those savings isn’t as obvious. So, we’re going to offer some simple, expert-recommended changes you can make to start getting serious about your cash.
1. Instead of buying a new phone every year, replace your battery.
An easy one: If your iPhone starts to feel sluggish, don’t spend hundreds upgrading to a new phone after only a year or two. Just get a replacement $29 battery through the Apple Store or authorized service provider. Apple recently admitted to slowing down phone performance as the device’s battery ages, and, after customer outcry, it lowered the price of replacement batteries.
2. When you eat at restaurants, avoid ordering juice or soda.
Jamila Souffrant of Journey to Launch, a certified financial education instructor, maximizes her savings by never buying nonalcoholic drinks while eating out at restaurants: “I always ask for tap — it’s free!” Drinks are often overpriced, and those extra dollars saved will add up. Plus, water’s good for ya.