Promise yourself you will save more money this year. You can do it.
Imagine what that would look like. Imagine the exact amount stacked in the bank. From all you have earned wouldn’t it be nice to have a stock pile? A pile for those financial goals you dream can become reality now with the money you have set aside.
Don’t think of saving money as boring, pointless or a time waster.
Instead think of it as a goal with a deadline. Look at it as a competition and reward yourself for winning! Get hyped!
Saving can be fun.
Here are 10 brilliant and creative ways to help start you with saving money now. Find the one that best fits your personality and lifestyle.
Make your own Piggy Bank. All the creators who love arts and crafts will love this one. Fine recyclable items around the house or visit your local craft store.
Here’s a link to some really cool creative ideas….visit DIYS.com.
Enjoy creating these with your kids. You can even have a DIY get together with friends for the New Year.
Then, set a goal and see who can save the most money fastest by an agreed upon date.
For even more motivation chip in before the challenge and buy a gift card. The winner of the challenge will receive the prize (gift card) at the end of the deadline.
Go old school. Find an empty jar and fill it up with money. Deposit 10% of your monthly income. Need another idea, deposit $5 a week. That comes up to $240 a year.
Any jar will do…wine, jelly jar, etc. Write on the jar the reason for the savings. For example summer vacation, Disney World, Christmas fund, debt rehab or new shoes!
Take all the change in your pockets, car, purse, cushions and stash it away. Put it in a jar, piggy bank or box.
Just imagine how much this can add up to within a year.
Save $1 for each day in the calendar year. There are 365 days in a calendar year. Start saving by taking $1 on January 1st. Then save $2 on January 2nd. Continue until you reach $31 on January 31th.
When February starts save $32 on February 1st. Then, $33 on February 2nd and so forth. Count by days not by months.
If that’s too much then just save $1 a day (or $7 a week) equaling $365 by the end of the year.
Take all the $1 bills you have left over from the day and put them somewhere to start a savings fund.
If keeping a box of dollar bills at home temps you to want to go spend then, at the end of the week go deposit the money into your savings account.
Some banks also offer this feature to their customers.
The bank will automatically take a $1 from every purchase made with your debit card for that day and automatically transfer the money from your checking account to your savings account.
Check your local banks to see if any offer this service in your area.
When the cashier hands you the receipt after you’ve purchased merchandise on sale, look at the receipt to see the amount you saved.
Take that total on the receipt and put that money into your savings account.
For example, you bought a shirt for $10 and it was 50% off. Take the $5 you saved from the sale and transfer that money into your savings account.
Also, you can make money from a sale every time you shop online by using Ebates. Then, you can take the cash you receive through Ebates and use that towards your savings.
Let’s say every month you pay $65 for a medical bill in collections. You have been making payments to this collection agency for close to a year now.
Your budget has adjusted to the $65 monthly payment.
Once this bill is paid off instead of wasting that $65 on mindless spending, take that amount and now add it towards your savings.
That $65 I mentioned above—have it automatically drafted from your checking account and transferred into your savings account. Now it’s guaranteed to be in your account every single month, no excuses.
Don’t have a bill to replace?
That’s ok. Just set up a certain amount to be transferred between accounts every pay day. $25 a week equals $100 a month.
At the end of the year you will have $1200.
This is the way this works:
Open a savings account at a small neighborhood bank miles and miles from your side of town (at least 30 minutes to an hour away). Do not accept a bank card, online banking or any other conveniences when opening this account.
Next have a percentage of your payroll check going into this account before it ever hits the account that your paycheck is deposited into. This way you never see that money, eliminating temptation to spend.
For example, let’s say you get paid $825 every week. On Friday $25 will be automatically deposited into the small town bank across town with limited access to you. And the rest of your paycheck will be automatically deposited into your main checking account that you frequently use.
In 6 months you will have $600 saved without even being fully aware of the fact. That gives you a savings of $1200 in 12 months.
Try one of the following saving apps/websites to easily save more money:
Digit—This app helps you to save money automatically. It actually looks over your spending habits from your checking account. Then, it transfers the money over of what you can safely afford. So, it does all the calculations for you. Free for the first 100 days and only $2.99 thereafter.
Smarty Pig—Free to use, Smarty Pig links to your bank account. Then, you set up a savings goal and track your progress. You can contribute to the pig whenever you want or set up reoccurring deposits.
Stash—Stash claims to make investing simple and accessible. Sign up within 2 months and start investing. This app allows you to start with as little as $5. It’s free for the first month and a $1 a month thereafter.
Qapital—This savings app allows you to save based on your goals. So, if you want to save for a new house or car this is the app designed exactly for that. It has no fees. To begin you’ll have to create a bank account with Qapital.
All 4 books are free through Kindle! Just Click on each title to View and Sign Up
How to Save Money: 177 Tips to Save Money (Up To 4150 $ / year !)
50 Ways to Save Money: Extreme Survival Guide to Saving Money
Make this year the year you save more money.
Think of the bigger picture when you feel the urge to splurge and spend your hard earned money. Set a financial goal. Motivate yourself to help state focused and on track.
Let me know in the comments how you plan to save this year.
PLEASE SHARE VIA PINTEREST
How To Stop Living Paycheck To Paycheck
5 Side Hustles That Can Make You $1,000 A Month or More
