• Jen Gibbs

Saving Money 101

Updated: Mar 24


Let's Talk Saving!

Money. It's a complicated subject. Some choose to shy away from the topic while others charge head on. I've always been one to tackle it with full force (except with stocks, please don't ask me about stocks...). Although my close friends may get annoyed with my little saving tricks, it makes them feel better knowing Mark gets it full force.


I don't typically LIKE spending money. Sure, I like eating. I like spending time with friends. I like cute clothes and decorating my home but I'm unsatisfied on a purchase unless I truly feel every dollar is worth what I'm spending. A lot of times I view a dollar as a day. So if a top is $30, I hope to get AT LEAST 30 uses out of it. There's also the quality, how badly I need it, etc. but to keep it simple today -- One Dollar = One Use.


Growing up with a dad who works at bank, I've always been taught to save every chance I can, and that's what I try to do. Here are some fairly easy and simple tips to work on your saving habits:


1.) Set up a Savings Account

Sounds simple. But seriously, you would be surprised at how many people don't have savings and 58% the people who do have less than $1,000. If things go south, will $1,000 cover you? Set up an account and don't touch it until you have to.


2.) Figure out what you NEED versus what you WANT

This is a little more tricky. You need to eat, right? And McDonald's is cheap! Yes, but how many meals are you getting out of it? Typically it's one. (Unless you're one of the few who can still eat fast food after it's gotten cold.) Remember, try to stretch your dollar as farrrr as it can go. Typically if you eat at home the items for the meal may cost $10-15 but there's usually leftovers or you can make a whole other meal entirely with the extras.


3.) Pile on the coupons

Again, fairly simple. Sometimes the hardest part is knowing where to look. Check your local paper for coupons to clip and check your local grocery stores' website. They may have digital coupons to load onto your customer card. Also take full advantage of Ibotta!


4.) Shop slowly for clothes

It is SO EASY to simply add the clothes to your cart either in-store or online. Add then return, no? But how many times do you actually return the items that don't fit? Shop slowly. Make sure you LOVE the piece. Can you get the value out of the item? (Remember $1 = 1 use) If you can, try on the piece. Move in it. Do you love yourself wearing it or is it just meh? Shop slow, love how the clothes you are choosing make you feel.


5.) Deposit money into your savings account after every week, and more on the pay period

It is SO EASY to simply add the clothes to your cart either in-store or online. Add then return, no? But how many times do you actually return the items that don't fit? Shop slowly. Make sure you LOVE the piece. Can you get the value out of the item? (Remember $1 = 1 use) If you can, try on the piece. Move-in it. Do you love yourself wearing it or is it just meh? Shop slow, love how the clothes you are choosing make you feel.



Gotta save that cash for the wedding in December!



6.) Compare prices

This kind of goes with shop slow. If you have a particular item in mind, shop around! Take a peek at different places. I usually have great luck with Target, Amazon and don't forget thrift stores like Goodwill and the Habitat for Humanity Restore. You just might get lucky!


Saving money is something that has been ingrained in me ever since I was a little girl (thanks mom and dad)! I'm thankful for my spending habits (or lack thereof) because I've been able to take amazing trips, save up for a wedding (don't forget the honeymoon!), and even adopt a dog (while paying double rent!) without worrying about if I will be able to make it to the next paycheck. Learning to save and spending smart has made it 10x easier to be happy with the purchases I DO end up making. It's worth it, I promise.


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If you have any questions or other saving tips and tricks that help you, I'm all ears! Leave me a message below, on social or shoot me an email at jen.m.rew@gmail.com and I will get back to you ASAP. What are some big reasons you save money??


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