Ways to Save, Big & Small
Saving money is not easy. We all know that. So how do we expect to be able to keep money in our savings accounts if we cant even save money in the first place?
Getting ahead can sometimes seem next to impossible.
But I’m here to tell you that this is not always the case. There are ways to save money – and keep money in your savings account. From keeping the change to weekly challenges, there are plenty of ways to save small or big. My favorite tip is to put your entire work bonus in your savings account (and then pretend it never happened). That’s a big way to save a nice chunk of change and give yourself some peace of mind. Then you can add money slowly and steadily to increase your savings over time with some of these other simple tips.
Here to help, we found this list of 29 ideas that can get you ahead in the savings game.
Get Rich Slowly contributor Lisa Aberle recently suggested putting 10 percent of income in a savings account. She provided guidelines in “How to save money each month” – tried-and-true techniques like having a yard sale, cutting the cable, dropping the landline, raising insurance deductibles, eating at home and lowering the thermostat.
Suppose you’ve done all that stuff already, you’re living pretty close to the bone — and you still need to build your emergency fund. Time for some stealth savings, i.e., small tweaks that can add up to big bucks.
The unemployed and underemployed may feel – with good reason! – that they can’t afford to save. Even those with decent salaries might feel squeezed by the rising cost of basic needs like food and utilities, especially if they’re repaying student loans.
Maybe you really do need every dime to keep creditors at bay. Or maybe a little money-massaging could free up some extra bucks for your Someday Fund. Even if it’s just a tiny amount at a time, it’s something.
Although not every tip works for every person, you can probably find a few (or a lot) of tactics to plump up your financial cushion.