Easy Peasy Ways to Save More Money Without Realizing!
Losing your job and living on a restricted budget is tough, isn’t it? Your savings pattern gets a major hit, causing a cut back on how much you save each month. But let’s face it, we all want to stick to a budget and still have room to save for those unanticipated purchases. On a tight budget, this might seem tricky, but trust me, applying some clever tricks can go a long way. You might wonder it is next to impossible, but wait till you reach the end of this.
Surprisingly, credit cards could be your saving buddy. Utilizing cards like bank cards or a store card like Target can help you earn rewards on your purchases, saving dollars in the long process. Plus, as you pay off your cards, your credit rating stays healthy and high.
While we are on the topic, how about saving small amounts? It could be spare change or a few dollar notes. Put them away, and over time you’ll find the pennies piling up. I suggest using a lockbox. This way, there’s less chance you’d dive into the saved money.
Rewarding yourself for minor achievements is another way to save instinctively. Suppose you hit the gym regularly, how about saving a dollar for every mile run or a pound lost? As you meet minor fitness goals, your savings grow along. The best part? The growth is so slow, you hardly notice the money leaving your pocket — a double win, right?
Similarly, rounded up amounts can work great for savers. Let’s say, you have a grocery bill budget of $80, but you end up spending $60. The extra $20 can be move into the savings account. The same applies to utility bills. Over time, these small savings could end up being a substantial amount.
Do you love Starbucks coffee? Well, it’s a treat for sure, but have you thought about how much it adds up to per week? To save some more, limit your indulgence to once a week and save the amount you no longer spend on coffee. You’ll get a financial boost and a healthier self.
Technology can also be an effective assistant. Apps like Digit can help you transfer money from your checking account to your savings account without even realizing you had extra to spare! Tiny amounts here and there won’t make a big difference now, but a few months down the line, it’ll surely be a pleasant surprise.
Remember, small changes can yield big results over time. You don’t need to stress over an empty savings account when small tweaks can keep contributing to it over time. The magic doesn’t happen instantly, but it surely unfolds with a little patience.