Are you wanting to start saving money? Maybe you’re living paycheck to paycheck, or possibly not even able to make one paycheck stretch to the next. Maybe your paychecks are enough to pay the bills, but you just feel like there’s more that you can be doing to save for your future. Either way, these tips will help you start to save money immediately. The key is making a plan, and putting it into action!
The Ultimate Cheat Sheet On Saving Money
Set up a savings account. Even if you don’t have a ton of money to put in the account, having it there will hopefully keep saving money on your mind! Setting up an account that earns interest is your best bet, so shop around before settling.
Budget that moolah! Set up a budgeting worksheet, and stick with it. Income in, expenses out. It’s really simple if you write it down!
Unplug. Not only will unplugging save you money on your electric bill, if you’re watching less television, you’ll see less ads. Less ads = less things you “need” to buy = money saved. Pay attention to what your energy bill was last month, and this month. Start unplugging as often as you can, and see how much your bill goes down next month, and the month after. Take the extra money that you saved on your bill and put it into a savings account.
Sell your stuff. We all have clothes in our closet that we haven’t worn in ages. Why not sell them? You’ll make someone happy by giving them a discount, and you’ll make a few bucks to put into your savings account. Win-win!
Meal plan. Meal planning will save you time and money every single week if you stick with it. Keep track of how much you save by creating a menu plan, and put that money in savings.
Sign up for rewards! Whether it’s at your favorite coffee joint, or at your local grocery store, rewards = money saved. If you’re signing up for online rewards programs, set up a separate email account so your main account isn’t flooded with this types of emails.
Ditch the addictions. Do you have to have that $5 coffee each day? You might think so, but cutting back to once or twice a week would save you sooo much! The same thing goes with cigarettes, alcohol, or any other expensive habit (like eating out at lunch every day). Ditch the habit completely, or at least cut back to once or twice a week, and notice how much you save!
Cancel memberships. Do you have a gym membership that you use just a few times a year? What about the beauty box subscription you don’t really care for? If you’ve got a subscription or membership to something you’re not using, ditch it!
Budget shop. Hit the yard sales, hit Goodwill, ,shop at Schoola and hit thrift stores! These places will save you a ton of dough if you shop smart. Don’t buy junk you don’t need – stick to the basics.
DIY. Even if you aren’t crafty, in this Pinterest generation, it’s soooo easy to make your own birthday, Christmas, and even anniversary gifts. They don’t have to look cheap to be cheap. If you’re shopping at stores like Michael’s and JoAnns, be sure to print coupons before you go.