I am making some major changes this fall and I’d like to have some extra money on hand to make that happen. I’ll be making a big move that involves selling pretty much everything I own and getting on a plan.
But as anyone who’s moved knows, there are always unexpected expenses.
With that in mind, I’ve decided that this is going to be the summer of saving for me. I’m ready to really take a look at my finances and figure out where I can make more money and where I can spend less.
And what better summer to do this than one where we’re mostly stuck in our homes? Here are some of the main ways that I’ll be bolstering my savings this summer and if you want to go on that dream Europe trip next summer, then you might want to take notes.
Make More Money
The number one way to save more is to make more. I kid you not.
It seems simple and challenging at the same time, especially if you have a full-time job but I swear it can be done. Making more money is done by simply securing a new income stream.
Maybe you’ve got some extra time and access to a vehicle, grocery, food and package delivery services are booming right now and you might be able to get yourself a couple hundred extra dollars per week.
You can also look to online methods for making money. Many people just got a quick and simple education on working from home, maybe now is the time to see if you can get some more money out of something you make on your own. I bet you can do it!
Reduce Bills
I pay some HUGE bills. From my phone and internet to larger bills like rent or electricity, there is a lot that I pay in a month. Now, I’m not really in the position to get my rent reduced, but almost everything else is negotiable.
One great way to save a little more cash is by finding bills that can be reduced and reducing them. It’s a simple way to get money back in your pocket and into your savings account.
Spend Less
The last way that you can save more money is to spend less. But it’s important to point out that this is also the hardest way to do it. Spending less is really hard for most people, and with good reason.
It’s really easy to justify purchases that you’re already making and once you’ve built them into your spending routine, it’s hard to justify them out… even if you know you’ll save more money.
Do your best to cut down on only a few things. Or, if you need to cut down a lot, do it in small increments so you can allow yourself to get used to it.
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Tae started out as a journalist before following the money into the corporate world. But it turns out that the grass isn’t always greener and now you can find her spending most of her time writing about all the things she loves. Namely, money, travel and business with a hefty dose of self-deprecating humor. She is a podcast fanatic, blogging aficionado and loves to find new ways to turn passions into cold hard cash!