Let us face it, we all want to save money somehow, but as much as we do, it is easier said than done. Although each person has their own reason to save money, everyone is always stuck at first with the same recurring question: how to actually start?
In this article, we will give you a couple of effective ways to have some extra cash by the end of the month.
1. Start recording your expenses
First things first, you should always figure out where your money goes and how much you spend on certain things, whether they are part of your essentials or leisure. Record your expenses in your notes app or your journal.
2. Consider meal-prepping
Spending money on lunch every day will definitely backfire at the end of the month. Start meal-prepping at the beginning of each week to make sure you have enough food stored for the whole week. So instead of spending weekly on lunch, you will only do that on the weekends.
3. Coupons and discounts
We know you are probably online shopping most of the time, so try to limit some of these expenses by buying on sales, or with coupons and promo codes that will save you a couple bucks, try to also buy what you want at times of huge sales.
4. Cancel subscriptions
If you already subscribed to multiple services and may not be using most of them, now is probably the right time to cancel any unused services like an old gym membership or any streaming service that you do not use.
5. Set small saving goals
Do not expect to save a fortune if you are new to saving money. Start with small achievable goals that will help you start saving easily and do not pressure yourself if you do not reach your goal, practice makes perfect.
6. Start a side hustle
If you want to increase your income fast, consider taking on a side hustle that would help you save more money throughout the month, like tutoring or anything else you are good at as side-hustle will surely help you get more cash beside your regular job.
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