We could do with some extra money these days. Here we will explore 5 money saving tips that will help you keep some cash.

1) Recreation vs. Entertainment

There are alternative ways to keep you entertained besides going to the movies, concerts and theme parks. These entertainments can be expensive and last for a couple of hours. Instead, choose activities like camping, going to the beach, skating or get a low cost hobby.

2) Use the Library

Instead of going to the movies or renting DVD movies, you can go to your public library and borrow them. Also, check out books at the library instead of buying it at the local bookstore. You can use the library to browse magazines as well. This will save you around $10 – $30.

3) Avoid the mall

This may sound unreasonable for many people. However, if you want to save money, this is truly one of the best ways to do it. Most of the time, we buy things that we want, not need. By going to the mall, we often end up buying more things than we have set out for. Buy only when you really need it. You will thank your credit card bill a month later.

4) Skip the gourmet

You may not be aware of it but skipping 2 lattes a week can save you $24! Be moderate with your splurge on food. This is especially true when it comes to things like pizza delivery, gourmet deli, etc. This does not mean that you have to give up all your favorite food. Instead reduce the frequency of consuming them. For example, instead of having latte everyday, you can try to alternate with regular coffee. The key here is moderation. At the same time, you will probably end up with a trimmer body too.

When it comes to saving money, make it realistic and achievable. You can set mini goals and try to accomplish that on a timed basis. You will be glad to have money saved.