Everybody agrees that life is much easier when you have some good friends by your side. But having a close relationship with your friends could also help you save quite a bit of money each month in the best possible way. While the vast majority of money saving tips and tricks can prove to be rather difficult to live with, cutting down on costs with your friends could actually lead to an entire series of bonding activities. Instead of being a chore, saving money can be extremely fun if you do it with your friends! In this article, we will tell you about the 5 best ways to cut costs by spending some quality time with your friends.
1. Carpooling – Ancient, But Extremely Efficient
Carpooling is clearly not a fresh notion. In fact, people have been doing this for years now, but the main why it has stuck around for so long is precisely the fact that it works. Talk to your work friends about sharing a ride work every day because it will help you cut down on gas money significantly. And as a bonus, you can say goodbye to those quiet lonely morning drives to work because you will get to share your A.M. coffee with your work buddies instead. Throw in a good morning tune, and you’ve got yourself a very entertaining start to the day.
2. Lottery Syndicates – A Small Investment that Could Earn You A Fortune
Playing the lottery entails a very small investment that could pay off tremendously. But while putting in the occasional lottery ticket can be quite exciting, playing the lottery together with your friends can be a very exciting activity. Instead of buying tickets individually, start your own lottery syndicate with your friends and increase your chances of winning an amazing prize. You can even make a night out of it by having your friends over to watch the lottery draws. Considering the immense prizes in lotteries like the US Powerball, the EuroMillions, or the Mega Millions, you could end up winning a fortune.
3. Fun Friday Nights In – An Excellent Alternative to Going Out
Going out dancing can be extremely fun, but it will shred quite a big part of your budget. If you think about it, the best part of going out is spending time with your friends, which is why focusing on that can end up saving you a lot of money. Instead of paying ridiculous amounts for drinks at a bar, why not have your friends over and show off your cocktail-making skills? By buying your drinks from the local store, you could have an entire night of fun for the price you would pay for a single drink if you went out. So, let your imagination roam free and come up with theme nights that feature your favourite activities and we guarantee that you will end up saving quite the pretty penny. You don’t even have to swear off going out completely because even reducing your nights out will make a difference for your budget.
4. Daily Lunch Plan with Your Work Buddy – A Great Way to Bond and Save Money
Going out for lunch makes things easy, but at the end of the month, it can prove to be quite the sizable investment. Instead of going to the crowded bistro next to the office, you can make a lunch schedule with your work buddy and save up a lot of money. This doesn’t mean that you have to cook every day. You and your colleague can cook for both of you and you can alternate days to reduce the effort. This way, you get to diversify your meals and bond with your work buddy as well. Moreover, knowing that somebody else depends on you putting together a lunch meal will actually motivate you to cook every other day and maybe even help you improve your cooking skills.
5. Share Your Media Subscriptions– An Excellent Way to Reduce Costs
If you and your friends love the same shows on Netflix and read the same magazines, why not share subscriptions? Since you’re both going to watch the latest Game of Thrones or Downton Abbey episodes and then talk about them over coffee, why not share the subscription as well? As for magazines, you can swap them periodically and reduce the costs by half. Pitch this idea to your best friend and find the media subscriptions that you could share because it could reduce your entertainment budget significantly.
As you can see, it only takes a bit of creativity to make a drastic change in your expenses. These five ideas will not only help you save a lot of money every month, but they will bring you and your friends even closer because you will also share the fun of putting these plans into action. Try them out for one month and you will see just how much of a difference they can make!