As soon as I started working full time, I began saving a part of my money in a high yield savings account. I highly recommend GS Bank because they offer the highest APY. Money that you don’t see flowing into your account, isn’t there. Make a part of your check go into a different account and see how easily you will deal without it. I stopped drinking Starbucks and other expensive coffee. I wake up ten minutes earlier and brew coffee at home before I leave the house – this saved me up to $5 every day of the month. I stopped going out to dinner every week and instead invite my friends over for BBQ’s or wine tastings at home. I stopped buying wine in stores and participate in quarterly wine auctions for cheaper prices when buying in bulk. I learned to cook and stopped buying lunch at work. I stopped doing my nails every week and invested into an at home gel nail kit (this saves me literally close to a hundred dollars each month).
I stopped using Uber and car service and I walk whenever I can. I sign up for every airline frequent flier program to have miles stack up, even if I rarely fly with the airline. Most of them are free and take little to no time to open – you can collect miles and sometimes transfer miles which will eventually save you money on your travels. I sign up for cash back on my credit cards. So many of these programs go unnoticed by credit card users, but I’ve managed to get back over $500 on purchases in the last year or so just by using my credit card. Having no car saves money on gas, insurance, lease/financing costs, and any miscellaneous costs associated with car travel. If you’re serious about saving money to travel, consider ditching the car for a year or two and spend that money on a few unforgettable trips.
I cleaned out my closet and made thousands of dollars. I sold a lot of the expensive and materialistic things I owned. I can buy all of that again later in life – right now, I value experiences more than shoes, bags, etc. The more you will travel, the more you will realize how much these things really dont matter. I stopped buying expensive things, too. I stopped shopping in luxury retail stores and focused more on cute and inexpensive clothing from websites like boohoo.com and missguided.com.