We all know saving many can be tough when there are so many expenses. There are groceries, car payments, house payments, new clothes, and after school activities for the kids.
You name it, there is an expense for that!
The good news is there are plenty of easy ways to save money. Some of these tips are easy and effortless. You’ll be sure to find increasing your savings easily.
Tip #1: Sell your old stuff.
Don’t let any of your unused items collect dust in the corner. You can easily turn them into cash by selling them online at eBay or the Facebook Marketplace. Items you can sell are gently used toys, books, kids clothing. A perfect time is to declutter during the holiday. Items will sell quickly!
Tip #2: Always use a coupon.
Coupons will easily save you a few dollars a week. Check products on discount carts at your local grocery stores. Also sign up for emails for online retailers that send out periodic coupons. Saving a couple dollars a week will go a long way.
Tip #3: Don’t pass on the credit card rewards.
Sometimes paying for meals with your credit card can give you more points for dining out. You can then use your reward points to pay off the credit card expenses. So, if you decide to use your credit card while dining out, you can then use those points earned while dining out and pay for the meal with the reward points!
Tip #4: Retirement savings trick.
It’s hard to imagine putting any money away for the future with all the current expenses you have. However, it’s important to make a cushion of savings once you decide to retire. One way to increase your retirement savings is to increase your 401K by 1% or more if you can every year.
Tip #5: Always make a grocery list before going to the store.
I can never stress this money saving tip to everyone. Planning your meals and making a list before going shopping at the grocery store will save you time and money. You will be organized in advance when it comes to the meals during the week as well.
EXTRA TIP: DON’T GO TO THE STORE HUNGRY!
Tip #6: Repurpose your items.
You can turn throw-away items, such as a glass food jar, into many different things. Try a stationary organizer for your home office or snack containers within the kitchen or pantry.
Tip #7: Save a dollar a week or more.
The part about saving money is that sometimes it can be a slow process. However, if you put away a dollar or more a week you will be surprised how much you will have saved by the end of the year.
Tip #8: Buy within the season.
Buying produce within the season not only saves you money but it tastes fresher.
Tip #9: Name your savings.
Name your saving accounts for money goals you are trying to reach. Having an upcoming family trip, you are saving for? Name it family vacation or the place you are visiting! Is your child trying to save up for something? Name it what your child is trying to save up for.
Tip #10: Earn cash with your receipts.
I recently found out you can ACTUALLY earn money by saving your receipts. Download the Receipt Hog app by submitting photos of your grocery and superstore receipts. The app will reward you with “coins” that you can redeem through PayPal for cash or even Amazon gift cards.