Saving money is easier than think. It is just a matter of changing some of your die-hard money and spending habits that are wreaking havoc and causing money leaks. And of course, you’ll want to develop new money habits!
To make this easy on you, turn it into a game and see how many of the 7 ways you can do in a week.
1. Save All Your Change.
Ever noticed how heavy your purse gets from all the loose change that falls to the bottom? Well, now, you have a purpose for it. Instead of spending it, you are going to save it.
The best place to store it is in a decorated and colorful empty jar or coffee can. Once it’s full, take it to the local coin machine at your grocery store or Walmart and turn it into dollars. Don’t spend it! This is your investment money. The goal is for this money to make more money. Buy stocks through Stockpile.com or Robinhood.com.
2. Sell Something.
Our closets and garages are full of stuff we donít need or want. Sell it!
You’ve heard the saying, A woman’s junk, is another woman’s treasure.
Take it to a consignment shop. Sell it on Letgo, ebay, and Swap.com. Set up a table at your local flea market. There are plenty of places to sell your unwanted stuff for money.
3. Get a Side Hustle.
We live in a gig economy. Uber, Lyft, Airbnb, so many choices today. Or, you could sell hand-made products on esty.com. Fiverr.com is another good place for gigs. If you have a great voice, you can earn money doing voice overs.
4. Have a Cash Only Week
We’ve become a cashless society but paying with cash makes you think twice before you spend money versus using your debit or credit card. Think about how mentally hard it is to break a $50 or $100 bill. You don’t want to do it!
So, leave the credit cards and debit cards at home for one week and only carry enough cash to get you through the week. You’ll be surprised how easy it is to save more than $100!
5. No Starbucks for One Week.
Yes, it will be tough for all you Starbucks fans, but we are only talking one week!
Make coffee at home to start your day and if you drink it at the office, bring enough in a fancy thermos bottle to last you all day, so you aren’t tempted to make a Starbucks run. Peets coffee is good and available at most grocery stores.
6. Raise your Car Insurance Deductible.
See if there are discounts for raising your insurance deductible. Although, keep in mind, you’ll have to come out of your pocket more if you get into an accident. Just make sure you have the money to cover the extra.
7. Lower your Cell Phone Bill
The competition for cell phone services are huge. Every company wants your business. Call your cell phone service provider and renegotiate a lower cost on your service. They would rather work with you than to lose you. Go ahead and use that leverage to lower your bill.