If you or your family is experiencing financial difficulties, it can be challenging to figure out how to get on the right track to saving money. If you’ve tried everything but can’t figure out how to put extra money aside to save each month, don’t worry – you aren’t alone. Whether you’re saving up money for a procedure at Northwest Surgery Center or putting money aside to pay your student debt, saving money in a few small ways every month can add up quickly, and make a massive difference in your financial situation.
Here are 4 easy ways to save money each month.
1. Cancel Subscriptions
One way that you might be saving money without even realizing it each month is by continuing to stay subscribed to subscription services you don’t need. If you are subscribed to several streaming services such as Netflix, Hulu, or Disney+, these small monthly fees can quickly add up, and it is estimated that the average household spends around $500 a year on subscription services! Think hard about the subscriptions you are paying for, and try taking a pause from the ones you use the least.
2. Shop at Discount Grocery Stores
Many working adults find that a large portion of their monthly income is spent on food, whether that means dining out or buying groceries. A major key to saving money is opting to cook food at home rather than eating out – but, let’s be honest, grocery stores are also extremely expensive. Shopping at discount grocery stores that use generic brands, such as Aldi’s or Family Dollar, can help your family save hundreds of dollars on groceries each month.
3. Buy Secondhand
Buying clothes and household items secondhand from your local thrift store or pawn shop is great for your wallet, as well as the planet. Shopping secondhand will help you find clothing and home goods for a fraction of the cost of purchasing them new. If you don’t want to visit a secondhand store in person, you can browse secondhand markets online, on sites like eBay or Facebook Marketplace, or on apps like Depop or Poshmark.
4. Automate Your Savings
To ensure that you are actually putting money aside for savings each paycheck, set an amount of money to automatically transfer from your checking account directly to your savings. This is an easy way to watch your savings add up, without having to think about it!
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