David Ramsey has said to stop spending $4 on a latte every morning

David Ramsey has said to stop spending $4 on a latte every morning.

“You’ll spend $63 in a month. You’ll spend $766.50 in a year. You’ll spend $22,995 over the course of 30 years,” he writes.

Create a Budget
If you haven't already, consider creating a budget. While some view budgeting as restrictive, it actually empowers you to manage your money better. With a budget, you can allocate funds for spending and saving, giving your finances direction toward your goals.

Reduce Unnecessary Expenses
Cutting back on unnecessary expenses is a quick way to save money. Start by reviewing your bank and credit card statements. Cancel subscriptions you don't use, prepare meals at home instead of dining out, and brew your coffee instead of buying it.

Meal Planning
Meal planning can help you save money. Prepare meals for the week to organize your eating schedule and save on dining expenses.

Lower Home Expenses
You can find ways to lower your home expenses, such as adjusting your thermostat, switching to a basic phone plan, and using apps to find cheaper gas prices.

Explore Side Hustles
There are numerous side hustles that allow you to earn money quickly. Consider driving for a rideshare service, delivering food, house sitting, dog walking, or offering landscaping services.

Sell Items
Sell items you no longer need or use. Platforms like Poshmark can help you sell clothing, shoes, accessories, and other items.

Adjust Tax Withholding
By adjusting your tax withholding on your W-2, you can take home more of your paycheck.

Pause Investing
If you have significant debt or lack an emergency fund, consider pausing your investments to allocate more money toward your needs.

Shop Around for Insurance
Compare insurance providers to find more affordable coverage options.

Make Saving Money Fun
Turn saving money into a game or challenge, such as the 100-envelope challenge, or commit to a no-spend month. The goal is to save money while enjoying the process.