1. Stop using Coinstar. I’m not telling you to stop saving your coins. By all means, continue doing that because that is a lot of cash piling up. I’m telling you to quit using Coinstar and start rolling your coins up and exchanging it for cash at the bank. You get 100% of your money back. Coinstar takes out about 8%, and when you have a ton of coins saved up, that is more money they are taking from you. Go to your bank and ask for coin rollers. They’ll give you them for free too. When you get your cash back, stuff it in an envelop so you aren’t tempted to touch it!
2. Store cash in envelops and forget about it. Of course this might seem like a no brainer to some, but I just recently did this and it feels great. I had an overwhelming amount of cash from graduation, and it scared me because I knew I was going to have a problem spending it. I took a huge bulk of it, sealed it in an envelop, and hid it away in my drawer. I know exactly where it is, and I know I can’t take anything from it because it is sealed. I opted to do this instead of put it in my savings because I have a problem transferring money from my savings into my checking account. If I put the money in my savings account at the bank, at some point I know it would have been gone because of my nasty habit.
3. Physically write down how much you want to save from your paycheck. By writing down what you want to save, it helps to hold yourself accountable. I am more likely to save a certain percentage when I plan it out and write it down rather than just thinking about doing it. Then, you can check it off when you saved part of your check.
4. Sign up for Ebates. If you haven't already, you need to. Ebates gives you cash back on your online purchases. They have Sephora, Ulta, Nordstrom, Macy's, and so much more. If you're someone like me, online shopping is an addiction. Ebates is a great way to save a little extra cash. I usually get deals when I am shopping so I think "Okay, I am getting 10% off plus another 8% off from Ebates." I was skeptical at first, but I have actually gotten two checks back so far totaling about $70! And that extra money can always go straight into your savings account.
5. Track all your spending. Keeping a physical record of everything you buy will help keep you mindful of your spending, and also help you realize what you need and don't need. For example, many people go out to eat more often than they should. At the end of the month, if you are going out about every other day spending $10 each time, that's about $150. That is something that can definitely be cut and managed by preparing meals at home. If you are like me, seeing that I've made several purchases from Sephora in one month can be a little shameful. Tracking each purchase makes me aware of my spending and tells me that I maybe don't need to make that fourth purchase. You can use this printable I made to help write down each shopping trip.