Living paycheck to paycheck can be really tough. It might feel like something comes along and knocks you back down every time you get ahead.
But it simply doesn’t have to be that way for you!
You could try to become the next Wolf of Wall Street—after all, stock investing for beginners is a hot topic nowadays. What about NFTs and crypto?
There are plenty of ways you can find to save money on the side without making too many sacrifices. This blog post will discuss six genius ways to save some money and get your finances in order!
Table of Contents
1. Start a side hustle
There are a million and one ways available to make money on the side and save a part of it. You could start a blog, become a pet-sitter, or complete online surveys. If you have some skills or talents that you can offer others, there’s probably a way to monetize them!
For example, starting a blog is a great way to share your knowledge. You can create your content for free and then sell advertising or products. Blogs are also considered a great way to connect with like-minded people and build a community around your interests.
This won’t take much time, especially if you like writing, and, most importantly, you can combine it with your main job by approaching it as a hobby rather than a responsibility.
Another common side hustle is an online survey. Online surveys give you the opportunity to fill out questionnaires for money. For example, Survey Junke offers surveys for different brands. What you will need to do is to give your honest opinion and get a reward for that. It’s possible to earn up to $40 monthly. It requires no commitment, meaning it’s up to you when and how many daily surveys you want to complete.
Two ideas have been discussed, but there are many other side opportunities, and if you are interested in saving money using this approach, you can find what really interests you!
2. Create a limit amount on your card
Putting a spending limit on your cards will help you avoid overspending and going over your budget. For instance, if you know that you only have $50 to spend on groceries for the week, then you’re less likely to go overboard at the store. Hence it is a great way to stick to a budget and save some money on the side.
This method can also help you cut back on your grocery spending, a money-saving method you’ll read more about next.
3. Cut back on your grocery spending
Another way to save some extra money is by planning your meals ahead of time and only buying what you need. This will surely help you avoid buying unnecessary items at the store.
For some time, pay attention to the prices of the items you need, and try taking the cheaper version of everything you were buying before. You will realize how much you’re saving within a week.
A positive side effect of this method is that you can also start a healthier lifestyle by making more food at home and following your diet.
4. Sell the things you are not using anymore
Another easy and quick way to save money is by selling the things you are not using anymore. Whether it is clothes, furniture, or appliances, you can likely find a buyer online or through a classified ad.
If you happen to have a lot of things to sell, consider hosting a garage sale. You can invite your friends and family over and have them help you sell everything!
Not only will this help declutter your space at home, but it will also put some extra cash in your pocket.
5. Automate your savings
Another good way to save money on the side is to automate your savings. Automated savings tools like Digit and Qapital can help you squirrel away money without having to think about it. All you need to do is connect your checking account to the app, set a budget, and let the app do its thing.
To automate savings, many people are also using a tool like Acorns. Acorns round up your purchases to the nearest dollar and invest the difference into a portfolio of low-cost index funds. This can become one of the greatest ways to build up your savings over time without even realizing it!
6. Cancel unused subscriptions or memberships
One more accessible way to save money is to cancel any unused subscriptions or memberships. If you’re not using it, you’re wasting money. Having your money is what many companies that require membership want! So, they use every possible way to keep you with them, convincing you that you need their service.
When you finally decide to cancel your subscription, you might have a feeling that you actually need it, but that feeling will fade once you realize how much money you were wasting and how fast you start saving them.
So, there you have it, the six awesome ways to save some money on the side. Using any of these methods and saving money will become an enjoyable process rather than a source of stress.
We sincerely hope that at least one of these tips will be helpful for you as you work to make your finances more manageable.