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Money experts often suggest various strategies for doing so, but how effective are these solutions?
Suze Orman might argueeliminating the expenseis one simple way to save hundreds annually.
Lets say your order is right in the middle at $4.50 per cup.
Stopping every weekday equals about $22.50 per week.
Annually, you would spend $1,170 on coffee.
Financial experts likeDave Ramseyhave addressed this in the past, but can it really save you much money?
In February 2025, the average rent price in the United States was $1,605,according to Redfin.
Lets say you own a 2-bedroom home with a $1,600 monthly mortgage.
Coupon Cutting
Coupon cutting can be tedious, leaving you to wonder if it really saves money.
Experianestimatedthat the average family saves $5 to $10 weekly with coupons.
Lets say youre a coupon guru and save $10 per week bycutting a few coupons.
On an annual basis, this is $520 in cost savings.
What could you do with an extra $500 in your account?
However, financial expertMark Cuban still considers it a great way to invest your money wisely.
Lets consider an example.
At Walmart, a container of Oikos Triple Zero yogurt costs $1.27.
At Costco, an 18-pack of the same yogurt costs $13.48, or $0.75 each.
Buying in bulk saves $0.52 per yogurt container, or $9.38 on 18 containers.
These types of savings can add up throughout the year.
Is the time spent really worth it?
The average side hustler makes an average of $1,122 each month,according to Side Hustle Nation.
This adds up to $13,464 per year.
Although starting a side hustle can take time, the extra cash each month might make it worth it.
The Bottom Line
These five frugal habits can help you reach your financial goals.
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