Saving ten or twenty percent of your take home pay has been the tried and tested method for decades. But there are other ways to save some cash. This applies for saving for a rainy day or if you’re actively trying to save for something in particular. People approach saving differently because everyone’s financial circumstances differ widely. Just because you don’t save like someone else you know, doesn’t mean you’re doing it wrong. Here are some methods for saving you may not have considered before, good luck!
Can You Save?
First you need to look at your circumstances. Some people find saving incredibly hard because they’re living paycheck to paycheck. You need to look at your life and see what can be done. If you’re not working and feel aggrieved, consider Buckingham Barrera Law Firm. You need to do all you can to ensure you’re in the best place possible and only then you can save. There’s no point saving if it’s going to hurt your day to day life and compromise a standard of living.
Yeah, there is such a thing. You just have to be up to speed with what’s going on. For starters, you can get some money by swapping banks. Sometimes they’ll offer hundreds just for you to swap. The caveat being that you have to pay a certain amount into your bank every month. You can make money with credit cards too so long as you are disciplined. You need to be able to look after the card and not take out too much money, meaning you pay it off as soon as you spend it. Some credit cards offer cashback, or extra points which you can spend instead of your money, meaning you can save that money instead of spending it. It’s a long winded way of going about it but allows you to save in another way.
Market Yourself For More
This is a great opportunity if you can do it. You won’t have to save out of your principal income. Instead, you save out of your additional income, meaning you are not making life any harder. It’s pretty easy to do. Speak another language? Help out with translation. Have a business flair? Sell items online. It’s a case of looking at the skills you have and trying to monetize them. That extra money you can save. The problem comes when you start using that and relying on it for month to month expenses. Be disciplined and keep things separate.
Have A Sell Out
Are you a hoarder? It might be time to have a grand sell out. Think about Cjhristmas coming up and the new storage space you might need. People raise a fair chunk of money this way but it isn’t something which can be done in the long term of course. Get into the loft and the garage and see what kinds of pointless things you’ve got taking up some of the space. You can sell on Ebay or even go for a garage sale if it’s allowed in your area at the moment.
Be safe out there.
Popular posts on Bag of Cents:
- Having a Passive Income, is it possible?
- Frugal vs Money
- Simplify your Life Today = Minimalist
- The Envelop System to help you save