Top 5 Ways To Save Cash As A Couple

By Lisa M on January 22nd, 2010

As the new decade begins, it seems like more cash-conscious Americans are reigning in their spending. And if you’re not, chances are you probably should be. As a person in a relationship, I know that my partner and I spend a lot of money on date nights, domestic stuff, and dinners out. As we both are looking to save money wherever we can in these uncertain economic times, I thought I’d share ways all couples can save money for a rainy day.

1. Carry Cash. Last Tuesday, I went to see my partner play in his band. I left the bar with a $50 tab. I bought drinks for friends and for myself. On nights out such as this, it can be really easy to take your spending overboard. Prior to going out to a bar, get cash from the ATM and agree on how much each of you will spend. According to Time Magazine, people who carry cash are less likely to spend as much as people who use their debit card.

2. Dine In. My best estimate is that my partner and I spend approximately $250 per month dining out. Granted if we cooked at home we’d still be spending money on groceries, but no matter how I slice it, we’d still be saving money. In an effort to save money, we’ve been dining in more and spending more time trying new recipes and the new grill we got for Christmas. We haven’t cut out going to restaurants completely, but we certainly do it less. Cooking dinner together is also a fun way to bond.

3. Find Freebies. Simply going online and typing “free things to do in (insert the name of your city)” can give you a list of ideas of free things to do in your area. Spending time hand-in-hand at a local art walk or the beach doesn’t have to cost a dime and actually yields better conversation than spending money to go see a movie together.

4. Be Hosts. Host a potluck game-night at your place. If your friends pitch in and each bring their own dish or drink to share, it is an inexpensive way to have a good time and reconnect with the people you love.

5. Give Some and Get Some. As I was thinking of tips to save money, someone sent me THIS LINK. I firmly believe that in order to be blessed, you have to express gratitude for all the great things you do have. My partner and I each sent $10 to the Red Cross via a text message to help the people of Haiti in the aftermath of the earthquake. I know spending money is not a way to save, but some wise man once said, “Give and you shall receive.” After we donated even a small amount, I sincerely received a new sense of appreciation for all the blessings I do have in my life.