Money saving is a tough job when you have a small budget. When your expenses are more than your
income then it becomes impossible task to save money but if you want to save more on a small budget
then this article is for you. Instead of completely taking out some expenditures from your budget you
can alter them slowly and make a habit and then it will turn out to be big amount after some time. It will
not be an easy task in the start but after some time you will get used to it. Today I will tell you about
some ways to cut off your extra spending so that you can increase your savings in your budget. Starting
from the 1st ,
1-Save you Bonus
Being an employer of some company receiving a bonus is termed a very big achievement and many
people like us spend this money in buying useless items. So if you are on saving mood then your first
priority should be to save an extra amount that you receive in a month that could either be a tax refund,
New Year bonus or any other amount that you find out from your old clothes or car while you are
cleaning them. If you receive a yearly increment in your pay then you should put that in to your 401 plan
so that your passive income source increases gradually and you could achieve financial stability faster
than you have thought.
2- Unsubscribe memberships
There are many subscriptions for that you have to pay every month automatically. For example if you
have a gym membership and your last visit to the gym was months ago then it is the time to quit this
membership. There are many other subscriptions like that. For instance if you are paying for Netflix
alone then you can share your account with someone because on Netflix you can use your account on 2
screens and if you pay an amount for your cable TV subscription and you do not even have time to
watch TV then you should skip this membership because paying hundred dollar monthly won’t affect
but when added up it becomes a big amount that can make a change. If you use TV just for some
episodes then you should also cancel your cable membership because you can most of the TV shows on
their mobile app for free. By making these little changes you can make a big difference in your budget
and can save $1000 a year easily.
3- Create a list before grocery shopping
Planned shopping is a good habit for your monthly budget. Before going to the grocery store for buying
stuff for your home you should make a list of items that you are going to buy. Make an exact list for
what you will need in the next week and then leave for store. When the list is ready try to find the
cheapest store and then do shopping. Strictly follow your list and try to buy the things you need. Making
a list is very important otherwise when you are shopping without a list you will be tempted towards
unnecessary items and there are chances you will forget to buy something that was useful. So list
making saves you another visit to store.
An extra tip for you is that you can use different apps that will pay you for scanning your grocery
receipts and you will be able to save a good amount of money.
4- Cook and eat at home
Drinking coffee from a restaurant or a store daily puts a very big effect on your monthly budget.
Although it takes a few amount of money but when you add up the whole amount of the month for this
habit this becomes a very big amount. So instead of drinking coffee daily from outside you should try to
make your coffee at home. Although it will seem to be a difficult task in the start but starting from twice
a week to thrice a week and then daily you will be able to save more and increase your savings section.
The same goes with your meals, when you work and most of the times you have to eat from outside
then this is an alarming situation for your budget because eating from your favorite food chains can cost
you a big amount. You try to cook a meal at home because in this way you will be able to save a very big
amount. If you cannot cook daily then you should first try to cook once or twice a week and then slowly
make a habit for daily cooking. If this is still not possible then cook a prep meal for yourself which you
can eat in the week.
5- Sell every extra thing
In the springs it is the best time to get rid of everything that you do not use. Sell every unused item,
every item that you do not use often or have not used it in a long time. Your clothes that you do not use
can give you a good amount of dollars that you can save. You can host a garage sale for selling every
extra item. Ask your neighbors to pay a visit in your garage sale. Start cleaning your house room by room
so you could get rid of every extra item that can sell. You can also sell your branded clothes on websites
like eBay. By doing this little activity every spring you can save a good amount of money.
6- Limit your shopping habit
To make a check at your shopping is a very important step in money saving process. Many a times you
are tempted to buy an item like an overcoat or a fancy jacket when you are in a mall. The thing you
should do is that you should not buy that item at that time but you should wait for at least 2 to 3 days.
By this you will understand if you really need that or not and it is really that important that you have not
forget it in these days. Now before buying always look for online coupons and promotions and print
them to the store to get discounts.
An extra tip for you is that you should do your shopping online because you can find a lot of offers
online. There are hundreds of apps and websites that can be used to get different types of offers and
discounts. You can also get cashbacks using them. So you should also look for that too.
7- Do it Yourself
By doing most of the things by yourself that you pay for can save you a good amount. Pinterest is
platform for the people who embrace Do it Yourself projects and you can find a lot of hacks from there
which you can use it in your daily life. You can get recipes to cook meal at your home by yourself to save
you the amount spent at a restaurant.
8- Use an App to Create and Handle your Budget
To make and handle a budget can be a tricky task if you are a beginner and you can overspend from your
budget. So to overcome this issue you can use budgeting apps that will help you to create a very
effective budget and also track your spending on daily weekly and monthly basis. By this you will be able
to track your spending and at the time if you overspend your app will help you to overcome the amount
by giving you some advice to cut expenses. You can use apps like Quicken and Mint for this.
So these were some of the methods to cut off some expenses and some more money in your budget.
Make sure you follow them to get a good amount for money saving. But you should be clear about why
are you saving this money so that you can achieve your goal fast. You should have a goal like buying a
new house, paying off your debt before time or buying a car. These goals help to be motivated towards
your goal and keeps you on the right path.
Do comment in the comment section below and also share your experiences of saving money by
trimming your expenses by methods stated above. Have a good day and best of Luck!