One of the best ways to make your life better is to take charge of your finances and get out from living paycheck to paycheck. Money is one of the biggest stressors in our lives, and there are really only two ways to deal with it, cut back on expenses or make more money. This list of ways to save extra money will help get you started on your journey.
1- Get a Piggy Bank – Start dumping your change into your piggy bank every night, you’d be amazed at how fast all that change adds up
2- Cut the Cord – Cancel your cable tv. It’s expensive, plus the less time you are watching TV the more time you can spend with your family or thinking of new ways to make more money.
3- Stop Trying to Keep Up With The Joneses – One of the first steps to making your life better is to change your attitude and to start appreciating what you already have and stop worrying about what your neighbor has. Unless your car is breaking down every other day, you don’t need to get a new car just because Bob down the street gets one. Which leads to number 4…
4- Stop buying new cars – A new car will rarely save you money. If you are lucky enough to not have a car payment, keep it that way as long as possible. If you have to buy a car, get a used one that is off of a lease. The biggest depreciation hit will have already happened and you know the car was taken care of.
5- Carpool – One last car tip. Consider saving on gas by forming a carpool with some people from work. Depending on your commute, you can save a significant amount of gas carpooling just one or two days a week
6- Holidays Are Your Friend – If you are thinking about a major purchase and you’re getting close to a holiday, try to wait unless you don’t have a choice. Just hold off a few days, most major retailers spring huge sales around the holidays.
7- Downsize – This one can be a bit tricky. It’s not always easy to pick up and move, especially if you have a family. But if you can, evaluate your living space and see if you can scale down. This helps in two ways. First, if you can save money on housing payments that’s great! Second, having less space means having to spend less on finding things to fill the space.
8- Credit Cards – The best option is of course to not carry a balance and pay off your debt every month. If that isn’t an option for you, your best bet is to transfer your balance to a card with a lower interest rate.
9- Write It Down – Before you can save money you need to know how much you are actually spending. You can use a spreadsheet or keep it old school and write down all your expenses with pen and paper.
10- Learn to Cook – Eating out is crazy expensive. Go to the grocery store, stick to the outside aisles, buy some healthy food then go home and cook some dinner. Make a little extra and take it for lunch the next day. That five to ten dollars just for lunch adds up quick! One of my favorite things my wife let me buy was an Instant Pot. It makes the best rice I’ve ever made at home and being able to make everything in one pot makes clean up some much easier. Plus you can find recipes for just about anything for it online. **If you buy from any of the links below, I do get a commission on the sale.**
This is just a small list of ways to save extra money. There are many more ways, feel free to share in the comments. Happy Saving!