Over the last year I’ve been wanting to see my little savings account grow. This is a hard thing to do these days. I live by myself and all my bills are solely my responsibility. I don’t like missing work when I get sick because that’s time that could’ve been spent on overtime. I’m also trying to pay see debts that I’ve created for myself over the years, there is only 1 or 2 so I should be on my way to savings in no time. If your looking for ways to save check out a few ways that have helped me.
1. Every time you go shopping and pay with your debit card, ask for $5-$10 cash back. Put the money in a small box at home and deposit it to savings each time it reaches $50 or more. This small amount each shopping trip won’t affect your spending much, but having it out of your checking account, will keep you from spending it, when it could have easily gone into savings.
2. Each time you are shopping and decide not to purchase a special new top, or those cute shoes from the clearance rack, keep the resisted item’s price in mind, and transfer that amount to savings as soon as you get home. If you would have been able to find a way to make your budget work when making the extra purchase, you can just as easily make the budget happen by transferring the same amount to into your savings account. This is also a great thing to keep in mind while shopping, “would I rather have these shoes, or an extra twenty dollars in my savings account?”
3. Make envelopes for each bill & place your money inside each envelope at the end of every payday. The rest of the money can be saved or used as fun money. Don’t skimp on envelopes, this is what helps you get back on track.
4. When writing your purchases in your check register round up to the nearest dollar. This way you’ll never overdraft and the money you’ve saved at the end of the week can be put into your savings account.
5. Use coupons. You don’t have to go extreme Couponing but if you’ve got to buy a product anyway, saving a little on each item really adds up.
6. Plan your breakfast, lunch, & dinners around the weekly sales ads at your local
Grocery store. You’ve got to eat, right? Don’t eat out often, this really adds up. If you’d like to treat yourself – use the Passport app on your phone for restaurants.
7. Make a monthly budget to see where your money is being spent every month. Find your problem areas and then make a solution to fix it.
8. Do all of your errands together. Map out your route and attack. This saves has and time by limiting your trips around town.
I hope you find these helpful. If you have any tips I’d love to hear them too.