Get a kick-start on spring cleaning and make some extra cash this holiday season by cleaning out your closets. Sell Clothes or Home Items to Consignment Stores You can all team up and get a different one and share accounts so that each of you is only paying for one, but can enjoy multiple! You pay for Netflix and your friend can pay for Hulu! 7. Pro Tip: Talk to your friends and family and see what services they are subscribed to. Having 5 different streaming services is probably not necessary and cancelling some that you can do without could be a great way to save monthly. Since most subscriptions are set up on autopay and come directly out of your bank account each month, they are easy to overlook and forget about. Check Your SubscriptionsĪre you drowning in subscriptions? Do you NEED the subscriptions? Can you remember what all you are even subscribed to? Use this week to go through and clean out all the products and services you are subscribed to. Go a week without logging in to your favorite online retailer and save the money towards something more rewarding than a quick impulse buy. However, online shopping can lead to debts that you wouldn’t have accumulated otherwise. It’s easy to get distracted by all the promotional emails in our inboxes, the online sales, and free 2 day shipping provided by huge names like Amazon Prime. Just like with using convenience apps, online shopping can seem like a good idea in the moment but later prove to be a wallet drainer. If you’re notorious for ordering food on UberEats, using Favor to have your midnight snack cravings delivered to you, or paying to have your groceries brought to your doorstep–stop for a week and see how you save by not racking up these extra fees. While these services bring convenience and ease to our everyday life, they come with a pretty price tag. We have companies that bring you whatever we want all with the simple push of a button. In today’s world, convenience is a huge determining factor in most of our daily decisions. Whether you enjoy a glass of wine in the evening or a couple of beers with dinner on the weekend, cut it out for a week and see how it positively impacts your wallet, and your health! Take it a step further and try it for the whole month. Not only does this help save money, but it also improves your health in many ways. Alcohol can get expensive, and cutting it out for a bit may help you grow your savings more than you think! The idea of this trendy challenge, which has really taken hold in the past few years, is to avoid drinking any alcohol for the whole month. Perhaps you’ve heard of –or even participated in– “Sober October”, “No Drink November” or “Dry December”. Saving money on things you are already going to buy will help you towards having a larger amount to save each month! 3. Seeing your savings on the receipt at the end of each grocery store run can be rewarding and inspire you to start saving other ways. Pay attention to the weekly sales in your local grocer, and download your store’s app that offers digital coupons as well. Pro Tip: To save even more money on food, begin learning how to coupon. Instead, use the money you would typically spend on eating out towards your monthly groceries! Your money will go much farther–and who knows you might even find a new hobby! Sometimes stopping for fast food seems like the easiest thing to do, but those cheap meals add up! Refraining from spending money at fast food and dine in restaurants can easily save you hundreds of dollars a month. We all love a good meal, but eating good doesn’t have to mean eating out. Making these small changes can help save you big bucks at the end of each month. Make lists to stick to when grocery shopping, ditch the weekend mall browsing, and make a budget that leaves no room for avoidable purchases. But do be thoughtful in your daily purchasing habits to avoid spending cash in unneeded places. You can still allow room to reward yourself every now and then! We all deserve it. We’ve all made purchases we look back on and regret, so sometimes being more strategic in your buying habits can actually make you feel better–allowing you to avoid clutter and save money. However, this also leads to unnecessary shopping and purchases that might not be fundamental to your daily needs. It’s easy to get caught up when we have credit cards and don’t always have to pay cash right upfront. This is one of the most important rules to set if you want to save that extra cash. So now that you have the template saved or chart printed, how can you start saving money each week? Here are 10 ways you can cut back on spending and save some extra cash: 1. We’d recommend putting it somewhere where it’s hard to miss, perhaps in an area where you sit down to go through your monthly finances.
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