Sick of having barely enough cash for all the things that you need each month – never mind the things that you want? You’re not alone. There are countless Americans out there who feel as though they’re not earning enough to make ends meet. While the easiest ways to make your life simpler is to make more money, that’s not always possible in today’s economy.
If asking for extra hours at work, getting a pay-bump, or just trying a different job aren’t possibilities, then you’re going to need to try some other ways to make the most of your cash. Fortunately, we’ve got some quick tips to help you save more, fast.
1. Make Savings a Must-Have
First, start by recognizing the fact that savings aren’t just for people who have plenty of extra money to spare each month. You still need savings if you’re struggling with your cash too. Make sure that you’re putting a portion of your earnings into a separate savings account each month, whenever you get your money delivered to your bank. This will help you to have a safety net to fall back on in times of strife.
2. Think about Your Future
There are plenty of ways to think about your future when it comes to managing your money – aside from simply saving cash each month. For instance, if you can take steps to improve your credit rating today, then you can improve your chances of getting a better deal on loans and mortgage payments in the future. Look at how you can take steps to improve your credit score as early as possible, and you’ll save a fortune on repayments in the long-term.
3. Walk More
While it’s tempting to use your car for everything, the maintenance and fuel costs associated with driving can quickly add up. With that in mind, look for opportunities to walk wherever you can. If you can get to the store on feet, or take your bike to work, try that instead. Not only will it save you some much-needed money, but it will also do great things for your health and physical wellness too.
4. Drink more Water
Drinking more water is great for your health – but did you know that it’s good for your finances too? According to experts, the more water you drink, the easier it is to fill up your stomach so that you’re less likely to overeat. Additionally, when you take water with you wherever you go, you’ll be less likely to buy expensive drinks when you’re out and about. This can keep your weekly spending to a minimum.
5. Plan your Meals
Planning your meals is a great way to reduce your risk of over-spending on things like take out and fast food. It’s all too tempting to pay someone else to cook for you when you’ve had a long day at work. However, if you’ve already planned your meals, and even prepared them in advance, then you’ll be far more likely to stick to whatever you’ve got at home. Planning your meals will also mean that you can take a list with you grocery shopping, so you don’t get distracted and over-spend.
6. Set Goals
Saving money can be hard. It’s often much easier to spend money on whatever you want, whenever you want it. However, this won’t help you to achieve much in the long term. Setting goals for what you want to achieve with your cash, rather than just telling yourself that you need to save more should make it easier to stick to your guns and avoid the temptation to impulse buy. When you set goals for your finances, you can keep yourself motivated for longer.
7. Start Small
Don’t make the mistake of thinking that you have to save huge amounts of cash every week to make a difference to your long-term financial goals. The truth is that anything you save can make a big difference to you in the long-run. Saving just a penny a day will quickly add up over time. Make a plan to put extra cash away whenever you have it – no matter how small it might be. You can always add extra as you go.
8. Stay Focused
Finally, don’t make the mistake of losing track of your
goals just because a sale starts at your favorite store. You don’t need to buy
something just because it’s cheaper than it would have been a month ago. Stay
focused on your goals, and stick to your guns.