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Want that gorgeous Gucci Marmot but don’t have the $980 to shell out for it? Or how about that new makeup collection that’s about to launch?
I hear and see it all the time in the various makeup groups I’m in and plastered all over Facebook. No one ever seems to have enough money (me included!).
I’m a self-proclaimed “money hoarded”, so I figured I’d let you in on some secrets that I find help me save big time. I’m not an expert, but I do know what works for me. These won’t work for everyone, and some of these tips you may already know. I’ve been able to save a couple thousand a year by doing these things I’m sharing with you, and that’s money I wasn’t even trying to really save. It’s chump change, that has added up, because in the end, it all adds up to something!
- Withdrawal cash every month as your “pocket-money”. This is hard for a lot of people because we don’t tend to deal with cash much anymore. Budget an amount you can afford, that won’t set you back at all. Then, every Sunday, empty your wallet of your $1’s and $5’s. Put them in a safe place and forget about them. Say you save 4 $5’s and 10 $1’s each month. You’ll have $1,560 at the end of the year if you don’t touch your stash. I pull out about $400 personally. I know I’ll be getting my nails done ($40) and my hair done (about $130). That leaves me with about $230 to spend on whatever else I might be doing that particular month. I still use my debit card for purchases, but pull out the cash for smaller amounts. For instance, my Target shopping trip totaling $80 won’t be paid for in cash but my pack of Skittles and the gas station will. I will sometimes stash a $20 with the other bills if I have a lot left over that week. This takes self-control, and it’s hard for a lot of people. I’ve been doing this for years, and at the end of the year I count it up, cash it all in and use it for Christmas gifts for myself and family.
2. If you’re a cash carrier, you will often find your purse or pockets full of change. Save it all in a jar. At the end of the year, or however long you want to go, cash it in. Some banks have free coin counters, so check your area or your local branch. I’ve done this for as long as I can remember and always end up with at least $400 at the end of the year. I loved cashing it in after New Year’s and treating myself to a little something.
3. This one is kind of given, but it’s still hard for people to do. Every Friday (or whenever you get paid), transfer $50 into another account. I say $50, but if you can’t afford that do $20 or $30. At the end of the year, if you choose to transfer $50 a week, you will have $2,600 or if you decide that $30 is the right amount you will have $1,560. This is all money that you didn’t miss…and out of sight, out of mind! I did this to save for my wedding last year. I set aside $50 every single Friday for over a year to help pay for certain things. It was a huge help and we were able to keep the credit cards put away and have just about everything paid off! I still do this because it’s become a habit. This is honestly my favorite way of saving, because it adds up super quick and I stay motivated!
4. When shopping on-line or in-store, use Ebates. Download the app and ALWAYS check it! You can install it in your browser too so you don’t miss out on any qualifying cash back purchases! I have has over $400 deposited into my PayPal by using it, and its super easy! If you use my referral link to sign up for Ebates, you’ll earn $10 after you make your first purchase!
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Sweet Shandi says
Great ideas! One thing I started doing years ago was rounding up all of my purchases to the next $10 and putting the extra into a savings account. So if I spent $21 on something, I would round it up to $30 and put $9 into my savings account. I would log into online banking a few times a week to do this, it took about half an hour and I ended up saving so much money so fast!
This is such an awesome idea!!! I’m going to start doing that tomorrow since it’s the 1st and see how I do! Thanks for the tip!