Recent Wells Fargo Study: 67% of Americans Spending Less Money Due to Economy Concerns

The recent Wells Fargo study revealed that 67% of Americans are cutting back on their spending due to concerns about the economy. While this may seem like a sacrifice, YouTuber Kate Kaden shared some simple tips for saving money on everyday expenses in her Frugal Fridays series.

One of Kaden’s tips is to make coffee at home instead of buying it at a coffee shop. By doing this, she not only saves money but also time and enjoys privacy. She estimates that making coffee at home could save someone around $300 a month, minus the cost of supplies.

Another tip Kaden shared is to check account balances daily. This habit helps her keep track of her spending, identify areas where she can cut back, and spot any suspicious charges to report. She also prefers using cards for purchases as it provides a paper trail and makes her more accountable for her spending.

Kaden also emphasized the importance of bringing food from home to work to avoid eating out for lunch. By planning ahead and buying groceries for meals and snacks, she saves money throughout the week. Additionally, she suggested sticking to water at work to save even more money and make a healthy choice.

Lastly, Kaden advised against going out for dinner and instead cooking meals at home. This not only saves money on high menu prices and tips but also allows for experimenting with new recipes and making copycat versions of favorite restaurant foods.

Overall, Kaden’s tips provide practical and easy ways to save money and live frugally, especially during uncertain economic times.