Thursday, March 10, 2011

Easy ways to Save Money

  • I know it's all about the cheap stuff, but a girls gotta dream! It's why I work so hard to find cheap accessories, clothes and decorations and what-not so that we can save up for those things that really matter to us! Knowing myself I get carried away and about 90% of my money goes to food, clothes and liquor. Saving a dollar here and there eventually does add up, and maybe with that change you can buy that Cannon DSLR camera you've been desperately wanting....or maybe thats just me. It's all about patients though. What I like to do is to set aside a jar where you can put your spare change into. Instead of buying that bag of chips at the end of the day or the chocolate bar, put the change into your jar. To make absolute sure that you don't spend it, tape around the seal and cut a slit in the cover so that you can't give into temptation. It will suck when your hungry, but trust me it will pay off! What I'm really dreaming for is a car and a really nice camera. I know change wont buy a car all on its own, but you'd be surprised how quickly you can get to at least $100. So if you think about it, it's $100 you don't have to get from somewhere else!

  • Create a separate account. By creating a savings account or a checking account it is easy to keep extra money out of site so you aren't tempted to spend it. Plus it feels sooo good to see your money adding up instead of continuously going down. 

  • Another idea would be to give up something for a month. This takes a lot of will power, but pays off even more then your money jar! Say you give up liquor for a month (not likely for some of you, especially if you're like me haha), take the money you would have spent each weekend (or more then that, I don't judge) and put it either into your separate account or your money jar. It may be a bit of a wake up call about how much you spend!

  • Using ATMs. They are great when you are in a stitch for cash, but it adds up after only a couple uses. If you are at a university like me, you may be victim to using the closest ATM around because you don't have a way to get to your bank or it's just a hassle. If you could cut it out completely that would be awesome, however thats probably not realistic. What I started doing is instead of taking out $20 every time I use it, I take out $60 or more to last me the whole month. This both limits me to how much cash I spend in the month as well as cuts down on the number of fees I have to pay for using a random ATM. It's a win-win. 

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