Money is that fuel which all of us need to keep our lives running smooth. Come to think of it, it makes a lot of things easier. But all that stands true not just for you, but for the entire human kind. So your wish of being flush in cash is also shared by the person right next to you or the person you owe money to. That being said, it is extremely hard to set aside some money after taking care of all payments and debts you need to take care of. But as difficult as it may seem, it isn’t impossible! Here’s how:
Pennies from heaven
Also known as a windfall, we all receive those bonuses at work, gifts from friends, a pay raise or a tax refund. What we choose to do with it isn’t always wise though! One should make it a point to save up a portion of this cash. A savings account should be maintained as that makes it easier.
Entertainment expenses should be reduced
Try being on the lookout for knock off deals and you might get a chance to save up on the cash which you’d be spending for a couple hours of entertainment on a movie or concert. Minor league basketball games are pretty fun and cheaper, for example.
Targets for saving money
Once a target is set which you want to save for, it becomes much easier to shoot the savings arrow. It could range from down payments to early retirement that might be helpful.
While a long –term target is plenty important, it shouldn’t be second to your immediate needs. If your car has started breaking down while going for work, its better to start saving up for a new one right now!
Seasonal food saves cash
If you think that eating Rutabagas in January is cheaper than having it in October, then googling ‘Seasonal fruit list’ shouldn’t be a bad idea. It is always cheaper to choose food according to seasons as extra cost gets added to ship it from another state.
Have you tried coupons?
Everybody has those friends who throw away the coupons they make and it is not a crazy idea to have them hand those over to you. Using coupons is going to save your money for sure and most places accept them.
Try cutting those daily expenses
You might think that regular coffee from your favourite place or parcelling those chicken nuggets every once in a while doesn’t affect much. But it does and once you start wrapping your own food, you might be saving a lot of bucks unwittingly.
Rethink your transportation choices
If you drive your own car, try getting the best deal for insurance as all those companies beat themselves up to get to you. If it isn’t very necessary to drive that car to work, using public transport, walking or riding a bicycle would make a considerable difference.