How to Save Money Even on a Tight Budget

Saving money is important, but sometimes it can be hard to find extra money to save – right? While saving money can often be a challenge, it’s not impossible to do – even on a strict budget. Here are three ways you may be able to save when your spare funds are on the lower side.

Find deals online: Sites like Groupon or Living Social have a lot of deals in terms of entertainment and dining out. Did you know you can use them for much more? Both often have deals on electronics, automotive repair, health and beauty, home services and more! The best way to find these deals is to register with your zip code and browse around to find how you can save locally. If these are products and services that you’re already going to pay for or that you’re in need of, saving money in the process is an added bonus!

Trim it up: When you go on a diet, you may notice a little bit of weight loss in several different areas of your body. You should treat your budget the exact same way. Don’t try to cut back on (or completely cut out) one budget item, but trim a few dollars from different places. Some bills you aren’t going to be able to budge on, but you will most likely find a few areas you can cut back here and there. Take advantage of these savings and you’ll start to see it add up. Plus, you won’t feel as if you’re cutting anything out of your budget completely.

Spend more time at home: The more you’re out and about, the more you’re going to eat meals out and spend money on items you don’t really need. Instead of meeting your friends out for dinner and a movie, host a potluck dinner (ask everyone to bring something) – and watch your favorite movie or rent one from your local Redbox. You’ll save money, plus you can pause the movie when you need to and not spend a fortune on movie theater snacks. That’s a win-win for everyone!

Need help budgeting? Check out our online budgeting fillable worksheet!

Article Source: John Pettit for CUInsight.com

 

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