(I left the best for last, check out my personal favorite #4.)
Are you willing to find extra money in your monthly budget? Could you finally afford a family vacation? A weekend getaway? Could you stash some extra cash away for emergencies? Finally get out of debt?
Our team cares about you (yes, you!) and wants to help you stop losing money. Check out my 4 super simple money saving tips below and respond to this email with your favorite. I love hearing your opinion!
1. SAVE YOUR LOOSE CHANGE.
It’s time to break out your old piggy bank! Put a jar, bottle, or actual piggy bank in places where loose change tends to turn up: in your bedroom, by the clothes dryer, in the car or in the kitchen. This way, when you get home for the day and empty your pockets or purse, you’ll have a designated spot for saving loose change.
While we’re talking about saving change… consider downloading an Automatic Savings app. Acorns rounds your purchases up and stashes the difference in a savings account (a $5.35 purchase would round to $6, and $0.65 would go to savings). Quapital and Digit are other great options for you to explore! 2. STOP COLLECTING. START EARNING.
There was a time when people thought their collections would bring them riches. Ahem, Beanie Baby collection collecting dust in my attic.
While this does work for some, it’s rare. Don’t make the mistake of collecting items of questionable value. Recoup some of your money by selling them and put that money towards a worthy cause. We recommend taking a look at this article for tips on selling your old stuff for the most money. If you're looking for more ways to make money, then check out this guide.
3. TRY GENERIC VERSIONS OF PRODUCT YOU ALREADY BUY.
Instead of just picking up the ordinary brand of an item you buy, try out the store brand or generic version of the item. You’ll save a few cents and likely discover that the store brand is just as good as the name brand – often, the only difference between the two is the marketing (which I’m not willing to pay more for). Once you’re on board the generic train, you’ll find your regular grocery bill getting smaller and smaller.
4. USE COUPONS LIKE A MILLIONAIRE. Did you know that many millionaires use coupons as part of their savings strategies? For them, it’s not about the money that they will save during one shopping trip, but rather the money that can be saved and invested over a period of time by using coupons. Statistical profiling also shows that households with $100,000 or more of yearly income are twice as likely to use coupons than those who live below the average family income level, and those who did not complete high school.
If millionaires use coupons, why do so many people resist? One reason is that some people are too embarrassed to use them. Bottom line: Think like a millionaire and start using coupons!