Did you set any New Year’s resolutions this year?
If so, they likely revolve around some popular themes, like losing weight, getting in shape, or maybe even saving money.
Unfortunately, some of these New Year’s resolutions are actually in direct conflict with one another. For example, if you want to lose weight, you may sign up for a gym and start buying more fresh foods, which can be more expensive.
Those things don’t come cheap and may not aid you in completing your other resolution of saving more money.
Luckily, I’ve got a solution for you. Below, I’m diving into five of the top New Year’s resolutions to help you accomplish them without spending a lot of money.
Here’s how you can save money on these five popular New Year’s resolutions.
Resolution #1: Work Out
One of my resolutions for this year is to work out more consistently. If this is one of your resolutions too, you might think you have to joint a gym. But, that’s not necessarily the case.
You don’t have to spend a lot of money to work out. In fact, joining a gym during the new year is costly and usually short-lived. Instead, you can save money and still get a good work out by using things you already have around the house.
For example, you can start a daily workout routine that includes cardio and body weight exercises.
Try going up and down the stairs in your home to get in some cardio. Or do jumping jacks and skip rope.
Then you can build strength by doing air squats, pushups, lunges, sit-ups, and more.
If you do want to buy some equipment, try to buy it used. Workout equipment like ellipticals, treadmills, weight benches, free weights, and more, can all be bought used on sites like Craigslist and local Facebook Buy/Sell/Trade groups.
Then if you still think you need to join a gym in a few months, at least you’ll know that you’ve got the dedication to workout since you’ve already been doing it on your own!
Resolution #2: Eat Healthy
Eating healthy tends to be a common New Year’s resolution too.
But, depending on what your definition is of eating healthy, it can become very costly.
Organic fruits, vegetables, meats, and more are all expensive. If you want to eat organic, that’s your choice. You just need to be aware that it’s going to cost more.
To me, eating healthy means staying away from as many processed and packaged foods as possible. I try to fill up my shopping cart with mostly fresh foods around the perimeter of the grocery store. But, I don’t buy only organic.
This is already a pretty cheap way to eat healthy as the less processing food has been through, the cheaper it tends to be.
If you want to save more money, stick to fruits and vegetables that are in-season or on sale.
Buy meat in bulk to lower the cost per pound.
Since I can’t use them all up right away, I separate and freeze them using my Food Saver to avoid freezer burn.
Resolution #3: Go on a Diet
To me, eating healthy and going on a diet are two different things. I’ve tried diets before and never had much success with them. That’s why I just focus on eating healthier food instead.
But, going on a diet to lose weight is probably the most common New Year’s resolution of all.
Unfortunately, many people end up paying far too much to try out a fad diet.
Many diet programs charge you a monthly membership fee. Plus, you still have to pay for groceries. Others that provide the food for you will cost even more per month, but at least you won’t have to continue to buy food on top of that.
When you subscribe to a diet plan that pre-portions your food, you are really paying for the convenience of it. You can save a lot of money by making your own meals and using tools like a kitchen scale and measuring cups to make sure your portions are appropriate.
Resolution #4: Get Out of Debt
Getting out of debt is also a popular New Year’s resolution, and it’s one I’ve set myself in the past.
Unfortunately, some people do end up spending money to get out of debt.
For example, they may pay a coach to help them stay accountable. Or, they may work with a debt management plan, which takes a portion of the monthly payment for themselves instead of putting it all toward debt.
Instead, you can look for a debt accountability partner to help you keep your spending under control, or you can consolidate debt yourself with a personal loan or look at options for installment loans.
Resolution #5: Save More Money
Ok, this one won’t cost you anything, so there’s not really a way to save money on it. But, you will find yourself being more successful with this New Year’s resolution if you get some accountability.
One way to do that is with a savings challenge. The 52 week savings challenge will help you create a good savings habit. At the end of the year, you’ll have over $1,000 saved up!
To help you get started with one of several variations of the 52 week savings challenge, I’ve created some free spreadsheets. Sign up below to get your copy.
What are your New Year’s resolutions this year? How are you going to make them as frugal as possible?