How to Save Money Every Day So You Can Fatten Up Your Bank Account
Looking for realistic ways to save money every day? Think of how good it would feel a year from now when your bank account and wallet are stacked instead of skinny. Here is your guide for how to save money every day, even if you have struggled with saving money before.
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Save Money Every Day
With the recession, downsizing, layoffs, cutbacks, and slowdowns, this is not an easy time for many people to save money.
Experts disagree about when the country’s economic situation will turn around for the better. But there are things we can do to improve our financial situations right now.
Read on to discover how to save money every day and make the most of your money.
Related post:
Is It Really Possible to Save Money Daily
There are ways to save money daily or stretch every dollar.
This post will show you how to reduce spending while still loving your life. When you are spending less, you can save the extra money you’re not spending.
Whether you are going through a tough financial time, or you just want to build up more savings, there are strategies here that will work for you.
Related post: Top 10 Brilliant Money Saving Tips You’ll Want to Know about ASAP.
Ways to Save Money Every Day
The following are some expenses that can be cut from a monthly budget to help you save money every day. We give suggestions so you can swap out less expensive alternatives.
Pick a couple ways to save money every day, or do the whole bingo card of daily saving tips. There is no bingo card, but feel free to yell bingo out loud at the end of the month when you do all of these, it will boost your morale.
Related post: How to Start Saving Money (So You Can Afford the Life You Want).
How to Save Money Every Day by Spending Money Creatively
| INSTEAD OF | SWAP |
|---|---|
| Buying books | Use the public library, exchange books with friends, rummage for books at yard sales |
| Buying a pet from a pet store | Adopt from and volunteer at the local animal shelter; raise money for spay/neuter programs, save on the cost of a cat |
| Cable television | View shows online |
| Boutique hair salon/barber | Go to a franchise salon |
| Franchise or discount hair salon | Do it yourself |
| Eating at a restaurant | Cook at home and eat leftovers |
| Internet | Use public library access |
| Land-line telephone | Use cell phones only |
| All the streaming subscriptions | Pick one streaming service |
| Housecleaning | Do it yourself (+ homemade cleaners) |
| Lawn, pool, auto wash services | DIY |
| Pedicure, manicure | DIY |
| Dinner party | Make it a potluck |
| Entertaining the kids | Rediscover the outdoors: parks, trails, softball, basketball, or soccer games, free summer activities |
| Groceries | Generics/store brands are often as good as the leading brands, tips for eating healthy on a budget |
| Movie date | Lunch and an afternoon matinee is often less expensive than dinner and a prime-time showing |
| Birthday presents for children’s friends | Decide on a budget per gift and stick to it, give homemade gifts, talk about gifting used/loved toys among close friends, dollar store gifts, clearance items at Walmart and Target, $10 and under gifts |
| Holiday gift exchange | Decide among friends and family rules and limits for gift giving, give homemade Christmas gifts, choose names so you’re only giving one gift, shop frugal Christmas gifts |
| Lavish wedding | Have a simple civil or small religious ceremony, invite friends and family to share cake and light hors d’oeuvres in the early afternoon |
How to Save Money Every Day When You Have Debt
Sell Extras to Free up Money to Save Money Daily
If there is not enough cash to cover expenses after removing the extras from your lifestyle, it may be time to reconsider lifestyle choices.
Downsizing your home or choosing a more economical car may help bridge the gap between expenses and income. This will free up money so you will have more money to save every day or week.
Unload personal property that may be a financial burden. Boats, recreational vehicles, and vacation properties may require more upkeep than they are worth right now.
Use the money you get to pay down debts, and with the extra you can save money daily.
Start a Side Hustle to Help You Save Money Every Day
If you don’t have enough money to save money every day, you can look into making more money. There are flexible ways to increase your income that you can do on your own time.
Here are some suggestions:
- 21 Ways to make money with your phone
- Sell feet pics – An easy and unusual way to make money
- Instacart shopper review – Is it worth it to work for Instacart?
- 11 Ways to make money reading
- How to sell books on Amazon
- 18 Fun summer side hustles
Get Help with Your Debt
When the above measures are still not enough to make ends meet, call all creditors to make financial arrangements. Past-due accounts compromise negotiation power. Debt management companies and programs may also help.
Some of these companies are free and others charge fees. Some provide education and others are advocates who deal with creditors. Debt management programs can provide specific strategies needed to survive on one’s existing income.
Beware of bogus debt management programs that charge high fees or do not really help solve debt dilemmas. Consider using a non-profit debt management company that will likely charge less for their services.
This is a reputable online credit management company with a lower fee and you can pay as you go.
Try a 30-Day Savings Challenge to Save Money Every Day
If you’re looking for extra motivation for how to save money, something that works for many people is a savings challenge.
A 30-day savings challenge is included in this Minimalist Budget Binder. There is also a 52-week savings challenge if you want to keep going with saving money regularly.
Having the “container” of a savings challenge guiding you on what to do can help you save money because you just have to follow along.
Next steps:
- Check out Acorns which will automatically round-up your purchases and save the difference
- Sign up for Rakuten to save money on the shopping you’re already doing
- Save money on insurance here
- Try out $5 Meal Plan here
- Track your savings, investments, debt payoff, and more
- Read 21 Ways to Find Motivation to Save Money When It’s Tempting to Spend It
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