Money-Saving Ideas Everyone Can Start Doing Today
Most people like the idea of saving money, but very few people are actually good at it. Reports show that four out of five American workers live paycheck to paycheck and don’t have enough in the bank to cover a minor disaster.
Saving money can be hard, especially when you think you don’t have any money to save in the first place. But knowing how to save money is the first step to doing it. These seven money-saving tips don’t require a lot of capital and can be put into practice immediately:
1. Start Working Down Your Debt
2. Switch to Generics
3. Cut the Cord
4. Pack Your Lunch
If you’re spending $10 a day at the corner deli next to your office, you’ll be amazed at how much money you could save by switching to a DIY lunch option from home. You’ll not only be spending pennies per dollar compared to eating out, but also have more control over portions, calories, and general healthiness of your food.
5. Borrow Instead of Buy
Need a weed eater? Wheelbarrow? Stepladder? These things have unlimited uses, and your friends or neighbors might be more than willing to let you borrow theirs to save some cash. Plus, you don’t have to worry about storing these items when you’re done using them.
6. Leverage Your Library
Your library is good for more than just dusty books, and it’s free to use. You can usually find current bestsellers, DVDs, audiobooks, and the latest issues of hundreds of magazines, all available at your disposal.
7. Indulge in a Staycation
Between the hotel, transportation, food, and activities, going on vacation can get expensive. Instead, consider a “staycation” that lets you relax at home, binge-watch your favorite show, and explore your area like a tourist. It’s a whole lot cheaper, plus it can still give you that sense of R&R when you need a break. Plus you eliminate the jetlag!
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