10 Unique Ways to Save Money in 2024 Without Giving Up Coffee

10 Unique Ways to Save Money in 2024 Without Giving Up Coffee

In 2024, everyone's looking to save a bit more, but often the most effective tips are the ones least talked about. Here are some ingenious strategies I personally use, potentially saving you up to $11,000 a year:

1. Biweekly Mortgage Payments: Switching to biweekly payments on a $300,000 mortgage at 6% can save you around $74,000 over 30 years, which is roughly $2,481 annually.

2. Switch Your Internet Provider: The average internet plan costs about $114 per month. In regions like NS, PEI, and NFLD, switching to providers like Purple Cow Internet can slash your bill to $60, without losing the reliability of your larger carrier.

3. Carry a Water Bottle: Make it a habit to leave the house with a water bottle. It's a small step that can save you from buying pricey bottled water.

4. Cut Back on Eating Out: Reducing the frequency of restaurant meals can significantly lower your monthly expenses. Especially when a chicken caesar salad cost $25 at a restaurant and you can make it at home for under $7.

5. Opt for Road Trips Over Flights: With soaring plane ticket prices, consider driving to your destinations. The savings can be substantial.

6. Shop at Costco Without Membership: This can be done by using a Costco gift card purchased by a member. Get a buddy to hook you up. Bulk buying saves money in the long run.

7. Cash Back Credit Cards: Opt for credit cards offering 2% cash back on essential purchases like groceries and gas. Pay it off monthly to build credit and save around $750 a year.

8. Free Birthday Treats: Many establishments offer free meals or desserts on your birthday. It's worth researching local options.

9. Referral Discounts: Utilize referral programs from your internet, cell phone provider, or credit card company to earn rewards or discounts. There is no shame in this especially if your friends and family are going to enjoy the service as well. At Purple Cow Internet we offer a $10 referral bonus to the person signing up and you get $25 off your next bill.

10. Intermittent Fasting: Skipping traditional breakfast foods, which are often unhealthy, can reduce your food intake and save money.

11. Work from Home or Move Closer to Work: If possible, negotiate part-time or full-time remote work to save on commuting costs. Alternatively, moving closer to your workplace can also reduce travel expenses.

Implementing these strategies can make a significant difference to your finances this year. What's your favorite money-saving tip? Share with us!

Bradley Farquhar