By

5 ways to save more money this month

fast food

If you would like to save more money this month, the following tips and you may be surprised at just how much money you can pocket with some wisdom and effort.

1.Cut out fast food and eating out.

Many people do not realize that eating out adds up big by the end of the month. Even if you only eat at fast food joints, which are cheaper than restaurants, before the end of the month you could easily have spent $100 or more. I challenge you for one month to cook your own meals, skip eating out, and see how much money you can save in one month. Tally up what you normally spend and compare numbers at the end of the month. You may decide to stop eating out once and for all or just for special occasions once you see the savings.

2.Make a grocery list.

Planning your meals and making a grocery list can save you more money this month. Without a list or a plan you are likely to spend at least 1/3 more money than you normally would. Also, try to keep grocery trips to one per week. Compile your list and perform your shopping in one day. We all know that a trip to the grocery store for one or two items, such as milk and bread, tends to result in milk, bread, and a host of other foods that looked good at the moment. One trip per week will save you more money for the month.

3. Pay yourself first.

When you get your paycheck, pay yourself first. Before you write any checks for bills, get groceries, or spend any money, put a certain amount of money in your savings account. Bills and groceries are important and you want to make sure you have enough money to cover them, but having a sizable savings account is important too. Let’s say you pay yourself first and put $200 in savings and then pay your bills. At the end of the month you will have saved $200 when normally you might have spent that money on things that you thought you needed or simply spent it because you had it. When you pay yourself first, your savings account will grow each month.

4.Sell items that you no longer want or need.

Have a yard sale or sell items on Ebay, Amazon, or Craigslist. You can make quite a bit of money this month and at the same time unclutter your home.

5.Do some freelance work.

Do you have a talent that you can utilize for freelance work? If you can write, design websites, create logos, or do some accounting, do some freelancing on sites such as Elance, Odesk, or iFreelance to increase your income this month. You can commit to spending a few hours a week doing freelance work and make a nice amount of income for the month. You may even like it so much that you continue.

You can save more money this month with wisdom and a commitment. Utilize these tips and ask your friends and family for advice as well. They may even have odd jobs for you to perform for them and be willing to compensate you.

Leave a Reply

Your email address will not be published. Required fields are marked *