The savings continues: 5 more ways to save money on things all around you

save on coffeeSo far in our “money-saving smorgasbord” series, we’ve tackled 10 tips that will save you plenty when it comes to everyday things like energy costs, exercise, carpooling and delivery pizza (click here and here for part one and part two of the series). Today, we offer five more everyday ways to pinch a few pennies here and there.

TAKE UP A HOBBY – Hobbies and crafts not only help pass the time – meaning you won’t need to spend money entertaining yourself in other ways – they also provide an outlet for cheap gift giving. But which hobby or craft will you take up? That’s up to you. Whether it’s knitting, painting or scrapbooking, you’ll have a good time doing it and save money along the way.

SUBSCRIBE TO SAVINGS – We’re all guilty of impulsively buying the latest celebrity gossip magazine at the checkout stand, but at $5 each, that cost adds up quickly. Subscribing is a much better idea. For example, 26 issues of Entertainment Weekly can be purchased for just $12.50 on websites like Magazines.com – a savings of 90% off the cover price.

MAKE YOUR OWN LATTES – Coffee at Starbucks, Dunkin Donuts or your local coffee shop might taste great, but that great taste comes at a price. A $3 latte three times a week adds up to $468 per year. To trim that caffeine budget by nearly $250, cut the habit down to one latte a week and make your own lattes and coffee at home.

HAIR RAISING SAVINGS – Like we learned yesterday, dying your own hair can save tons of money. You can also save money by washing your hair every other day instead of daily (it’s also better for your scalp). While you’re at it, put that hair dryer away and dry your hair with a towel. It’ll save electricity and your hair. That’s a win-win!

REDUCE, REUSE, RECYCLE – There are plenty of ways to breathe new life into common items. One way is to save old shirts and turn them into rags for household cleaning. And that’s just one of many ways to reduce, reuse and recycle around the house. We’ll offer a more complete list in a future blog entry!

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