Are you trying to start your savings journey? It’s easy to think that you have to have thousands and thousands of dollars in savings, but it’s good to start smaller. Don’t get me wrong, there are many, many reasons to want to have thousands of dollars saved up, but if you have nothing in savings right now, that can be very overwhelming.
Today we are going to start with tips on how you can get started and save just $100 this month. I know it doesn’t seem like a lot, but once you start, you can go up from there!
How to Save $100 This Month
There are many ways to save $100 in a month, and here are some practical tips that can help you achieve your goal:
Create a Budget
The first step to saving money is to create a budget. This will help you track your expenses and identify areas where you can cut back. If you have never created a budget before, there are many apps and tools online that you can find to help.
I know you don’t think you can cut back on expenses, but I can almost guarantee that you can. Look at your expenses and identify areas where you can cut back. This might include eating out less, canceling subscription services you don’t use, or finding cheaper alternatives for the products you buy.
Look for coupons and discount codes online before making a purchase. This can help you save money on everything from groceries to clothing.
Buy in Bulk
Buying in bulk can save you money over time, especially for items that you use frequently.
Reduce Energy Consumption
Take steps to reduce your energy consumption, such as turning off lights and electronics when not in use, and lowering your thermostat. You’ll be surprised by how much money you can save with just these simple steps.
Use Public Transportation
If possible, you might consider using public transportation instead of driving your own car. This can save you money on gas and maintenance.
Sell Your Stuff
Consider selling unwanted items online to make some extra money. I made about $80 selling stuff on Poshmark last month alone.
By implementing these tips, you can save $100 or more in a month. Remember that every little bit counts and even small changes can make a big difference over time.
What are your favorite savings tips?