Saving your hard-earned money doesn’t need to be a difficult task, as there are many different ways to save money every day. By following a few simple everyday tips, you will ensure that you have extra savings in your pocket at the end of each month.

In a world of instant gratification, having the will power to stick to your budget will ensure that you stay on track and reach your saving goals with ease. Staying focused is one of the simplest ways to save money and helps you at the same time with monitoring your personal spending habits.

The following are just a few of the simplest ways to save money that you can act on every day.

Make your coffee at home

Let’s face it, we all love popping down to the local coffee shop and buying a hot coffee from a friendly barista, but did you also know this is one of the easiest ways to save money on a daily basis?

As delicious as that organic coffee tastes, spending up to $5 each day can add up to a fair amount of money very quickly. The homemade approach to your daily coffee fix allows you to save extra money and works out a lot cheaper when you make your coffee at home and take it with you to work.

Wait 48 hours before making a purchase

In a world of instant gratification and credit card purchases, these days we can buy anything we want online with a few simple clicks of the mouse button. It’s far too easy to make impulse purchases and waste money on items that we don’t really need.

Waiting 48 hours before making your next big purchase, is a smart way of using the time to decide if you really need the item which you are planning to buy. This allows you to separate your purchases into “wants” and “needs”.

Waiting a short period of time before you make your next big purchase is a way to save money that will help you through making more mindful purchases.

Choose quality over quantity

At times, it can be quite tempting to choose the cheaper version of a product over the more expensive one, but as the old saying goes “you get what you pay for”.

Often, it’s the more expensive product that will end up saving you more money in the long run.

By saving up your money and purchasing the best quality products that you can afford, you will be able to leverage what is known as the cost per use philosophy. This simply means that by purchasing quality products it saves you money in the long run, as you don’t need to replace higher quality items as often.