How to Save Money Without Doing Anything Drastic

Keeping your bank account afloat can seem extremely daunting. You may feel like you’re living paycheck to paycheck, but you don’t have to be. There are a few simple things you can do to build a savings and reduce money stress.

Save Your Reciepts and Actually Look at Them

Save Your Reciepts

You probably save every receipt you get. You save the ones from the bar, from dinner, and even from the grocery store, but why? Just so you can throw them out when you got home? Well, back in the day, people used to balance their checkbooks––making sure their spending matched their accounts, tallying up how much they spent each month. By saving your reciepts, it will put your spending into perspective.

Save All of Your $5 Bills

Save Your $5 Bills

Once you start putting away your $5 bills, you will never look at them the same. Every time you get a $5, put it in an envelope. Depending on the amount of cash you handle, this can grow quickly or slowly. If it’s not growing as quickly as you’d like, add in $1’s or $10’s. You’ll start to break more $20’s and reap the benefits of saving the change.

Make Envelopes for All of Your Expenses

Make an envelope for rent, utilities, car payments, etc. Starting on the first of every month, fill those envelopes with money as fast as you can. Your final envelope should be for entertainment––bar, movies, activities, etc. Once you have your bills covered, then you can start to have some fun. Cover the basics before splurging on the fun stuff.

Make Short-Term Savings Goals

Aim for saving $50 a month as opposed to $500 a year. It will make you feel more accomplished when you reach each of your small goals, and it will force you to save now as opposed to saving at the last minute. If you’re saving for a car or a vacation, add an envelope for that and fill it before your entertainment allowance.

Use the Crockpot Your Mom Gave You

After working all day, delivery sounds extra tempting, but that’s an extra expense that you don’t need. Before you head to work in the morning, or even the night before, throw some stuff into the crockpot. It will cook slowly and be ready for you when you get home.

After working all day, delivery sounds extra tempting, but that’s an extra expense that you don’t need. Before you head to work in the morning, or even the night before, throw some stuff into the crockpot. It will cook slowly and be ready for you when you get home.

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