Employee Money Saving Ideas

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    Brown Bag It

    • The Saving Without a Budget website says employers who encourage workers to bring lunches from home instead of going out each day can help staffers save about $2,000 a year. The website calculates this by estimating that employees who dine at quick service or fast-food restaurants spend an average of $6 to $10 a day.Table-service eateries may be an average of $12 to $20. Some of the cost is from extremely high markups such as $2.69 for a glass of soda compared to less than a dollar for a can brought from home.

      Post guidelines in the kitchen to show how much an initial investment in ingredients such as bread and lunch meats for sandwiches or ground beef and noodles for lasagna cost, then divide the cost by five to show how much money may be saved by eating in. Employees who enjoy getting out of the office for lunch may be able to get the benefits of a short escape from their desks if the company offers picnic tables or benches in areas outside the office.

    Retirement Plan Match

    • Finding a company offering a 401K is not rare, but businesses who contribute to an employee retirement match program may help their staffers save money in two different ways. First, the retirement program encourages employees to put money away for their future, taking that money directly from paychecks as a smoother transition than putting money aside separately. The money is invested and, on average, grows with interest until retirement.

      Offering a company match program in which the company offers to match a percentage of the employee's investment up to a specified amount gives employees more money in their savings. The 401K Help Center website advises all employees to take advantage of the match at a minimum, then contribute more to their savings as their budgets allow.

    Stock Room Swap Meet

    • Whether you employ a diverse group of people or the majority of your employees are the same age and sex, starting a business swap meet can save staffers money. Consider dedicating an unused office or supply room for an in-office trading center. Encourage employees to bring in gently used items they no longer need to drop off in the trading room for someone else to pick up. Items such as children's clothes, books, bulk non-perishable foods and small appliances can find their ways into new homes, saving money for the people who need them and helping employees clear out items they no longer want.

      Line the room with shelves or bookcases; make small signs designating which items go where. Leave the room open at all times for employees to browse or designate a certain day each month to be the swap meet day when items are exchanged.

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