10 Ways to Save Money This Week
Are you saving for a big goal that’s rapidly approaching? Haven’t gotten as far on your savings as you’d hoped by now?
It’s not too late. There are always cost-saving measures you can take that can help you out of a jam quickly. Whether you have a vacation coming up or a big bill you’re worried you won’t be able to pay, try to cut corners using these methods.
Use a Coupon
If you’re going grocery shopping, look for any coupons that go with what you want to buy. Even if it saves you 50 cents per item, it can add up. Take that money you saved and set it aside for your goal.
Live Off the Pantry
When money is really tight and you’re trying to reach a short-term goal, live off the food you already have in the freezer or the pantry. It might not be your top pick, but you won’t spend anything extra to have your meals.
You may have to get creative to make all the ingredients come together, but it could be a fun challenge.
Use Your Feet
Try to avoid driving or taking public transportation as much as you can. Walk to your destinations instead. It’ll save you on fare money or on burning up gas.
Sell Something
If it’s been a while since you looked through your closet, take stock of what you have and what you no longer need. Then get busy trying to sell it online.
Take On Extra Hours
Ask your employer if there is any way you can pick up an extra shift at work for the week. Explain that money is really tight and you could use the overtime. The answer might be no, but you should at least explore that option.
Eat at Home for One Week
If you’re a fan of having meals out, try to eat all your meals at home for a week. You’ll be able to save a significant chunk of change.
Look for Free Entertainment
Make a vow you’re not going to spend any money on entertainment until you reach your short-term savings goal. There is always free entertainment you can find if you look hard enough.
Only Use Cash
You can be tempted to overspend when you carry your credit cards around. It can feel like you’re not spending real money and it’s easy to lose track of how much you’ve spent. Carry cash instead so you don’t get carried away. It’s a lot harder to part with cash.
Look At Your Budget
If you’re trying to cut corners, take a hard look at your budget. You might want to drop some extras, like Netflix or your gym membership. Be ruthless and think of your savings goal while you’re making decisions.
Skip the Booze
If you’re an occasional drinker or you like to hit the bottle almost every day, you can save a chunk of change by stopping, even just for a week.
Money adds up quickly when you’re buying alcohol. If you drink in clubs or bars, it can get expensive after your first drink. Even if you buy a cheap bottle of wine to enjoy at home, you can still save by skipping it for a while.