Everyone knows that it’s important to save money and to do so regularly. However, for many people, that’s something that is easier said than done. If you’re like so many others who find the prospect of saving money to be a little (or a lot) daunting, don’t worry. There are many super simple but effective strategies you can use to save money quickly…almost without noticing you’re doing it!
A Dollar a Day
Most people like the idea of having a lot of money saved up. What they don’t like, however, is the idea of having to part with a lot of money all at once. To solve this conundrum, just save a little bit every day.
A dollar a day is an excellent way to give yourself thirty extra dollars per month (plus interest). If you’re not ready to commit to that much, though, every little bit, even if it’s just a quarter or fifty cents per day counts for something. You can stash the money in a jar and then deposit it in the bank once per month or so.
No matter how you do it, you’ll get into the habit of saving, which is the most important thing of all!
Stick to a Budget
If you really want to get serious about saving, go ahead and draw up a monthly or weekly budget based on your income. Plan the budget to include all the things you have to pay, like bills and basic necessities. When you’re done, you’ll know exactly how much disposal income you have to work with, and you can aim to save half of that disposable income (or whatever amount works for you) per month.
Ditch a Bad Habit
There are very few perfect people in the world, so there’s a pretty good chance that you have some kind of bad or unhealthy habit. There’s also a good chance that, whatever your bad habit is, it’s also a costly one.
A smart thing you can do, though, is to ditch the bad habit, whether it’s smoking, drinking soda, or anything in between and to put all the money you save directly into savings. So, if you quit smoking and you smoked a pack a day, you’d figure out the cost of a pack per day and then deposit that amount in your savings.
You’ll get rid of a bad habit and save money too; what could be better?
Profit from a Hobby
Finally, if you have a potentially profitable hobby, why not turn it into a money-making venture? You could sell your arts and crafts or go into professional cake making, for example. It doesn’t matter what the hobby is. If you can turn it into a way to make a profit, you can stash that money straight into your savings account.
As you can see, saving doesn’t have to be super difficult, not if you’re creative and willing to find simple but effective ways to save that work for you.