#MoneyMondays- 7 Ways to Save an extra $100 this Week
Is saving a little extra cash, one of your goals for this month? Or even year? Earlier this year, I too made the resolution that I would stash some cash this year. So far, not so great in my case. At least up until today, when I decided that I would officially start up my savings again!
Organize Your Bills and Expenses
Before you begin your own personal journey into savings, you should organize all of the bills you currently pay. For some people, whipping out a pen and paper and creating a list is a great place to start. If you're not a fan of writing it down, may I suggest an app for that?
I recently downloaded a wonderful application: " "; I love this particular application, because it allows you to input your current income, as well as all of your bills and expenses; Once entered it breaks down everything, so you can see how much money you are spending a day.
In my own personal experience, I definitely discovered areas I could put back a little extra towards my savings.
Jar the Change
Seriously, saving your change is an awesome way to jump start your savings. Remember every little bit counts! You will be surprised just how quickly all of your spare change jar will fill up. One great way to keep up with loose change, is to simply carry a ziploc with you or in your car. Once your bag is full (or pretty heavy) transfer it to your savings jar and repeat the process! Simple as pi!
Skip the Coffee Shops and Eating out for a Week or Two
So coffee happens to be one of the biggest drains on my extra cash! After all $5-$6 per day can really add up. Not to mention lunch and any other excuse I can make to dine-out. If this happens to sound similar to you, then you're not going to be a fan of this particular tip. HOWEVER, your wallets will thank you later on.
Coupon to your Heart's Content
Not an extreme coupon-er myself, but I do love some great savings! Coupons are one of the best ways to save money! If you don't have time to clip some out, you can download some great applications that help with that. Shopping at stores with membership savings cards, help to give you additional savings, which are great if you're going to use coupons.
***Some stores offer coupons through their store apps too! My personal fave: Walmart Savings Catcher. You'd be surprised at the amount of money you can save, on their already low prices.
Carry only the Cash You Need
If walking into a store has your shop-a-holic senses tingling, a great way to curb your enthusiasm is simply carrying only the cash you need. Before taking a store run, take stock of your wallet's inventory. Leave the cards behind, and carry only the money to buy the things that you actually need. If you struggle with ONLY buying things that you need, then create a list for yourself. Between the list, and your restricted cash amount, you can effectively curb the urge. Not to mention, your savings account will love you too.
If you haven't already done so: Open a Savings account. Although most require a minimum amount deposit, you will find that amount is generally pretty small ($20-$50 in some cases). If you have a checking at the same bank the next part is easy: Set up an automatic transfer, and start saving today with no effort. My favorite way to save this way, is to have money transferred to my savings each pay day. Most auto-saves are pretty flexible, so you can change how you save, to fit your lifestyle and budget.
Find a #SideHustle
There are a lot of ways to make some extra cash, to get your savings flowing. You can have a yard sale or get rid of some of your old stuff online! There are alot of great online sales communities: Letgo, OfferUp, Gazelle, Swap.com and even Facebook are great places to start! If you're not sure where to find ideas for a good side hustle, you can start with my previous post: Hobbies that Cash In.