Money is tight these days. Everything seems to be a mess, from the national debt to unemployment to our personal debt. With jobs disappearing and paychecks shrinking, we wonder how we will ever save and get ahead. Today’s post, From Ground Zero: How To Build Savings is for you. Here are a few ideas on how to save money and build savings in a way that you will never miss the cash.
Start Small: I have a jar that I put all my one dollar bills in. Sometimes I will throw in a five. I don’t even miss it. I just watch it pile up. It’s not going to give me hundreds but an extra $30-$50 is nothing to turn your nose up at. I started this in January and am trying to hold out until around November 1st.
Jingle Jar: Just like Lucy from Peanuts, I love the jingle of cold, hard cash. At the end of every week I dig through my purse and throw all my change into a second jar. I make sure I have at least a dollar in quarters but the rest goes in. Once again, this has been going on since January. I can’t wait to see how this turns out. You can choose to save as long as you want before cashing in. (Out of curiosity, I cashed my change in this past weekend after saving for about eight months and the amount was $145.00. Not too bad.) This is one of my favorite ways to start from ground zero and build your savings.
Save Effortlessly: Have a part of your paycheck automatically transferred to your savings every payday.
Ways To Build Savings.
Take A Second Job: This could be anything from delivering pizza’s at night to pet sitting on the weekends and during people’s vacations to something you pick up online. There are many legitimate companies that hire customer service reps from home. Companies like Amazon, 1-800 Flowers and Apple. A great resource to start looking for these jobs is www.realwaystoearnmoneyonline.com.
Sell Some Stuff: Clean out your house and have a yard sale. Gather up your old DVD’s and CD’s and sell them to a site like SecondSpin.com. This site buys CD’s and DVD’s and will even pay for the shipping cost of sending them your stuff. Sell your old wedding dress online or through a consignment shop. Although it sounds so small, it will add up.
Start A Side Hustle-Everyone has a talent. Everyone has something they love to do. Figure out what that is and start a side business. It could be anything from making jewelry or selling baked goods to mowing grass or freelance writing. Another good way to start from ground zero and build savings.
More ideas on how to build savings.
How To Build Savings.
Trim Back Your Expenses: Do you really need cable? How often do you really go to the gym? Are there other ways to spend with friends other than going out? Try cutting out cable and watching all the movies and TV series you have collecting dust on shelves and in storage bins. Instead of paying a gym membership, go walking with a friend or take the dog around the block for an extra trip. Buy some work-out DVD’s to do at home or make use of the WiiU that never gets played. Have a friend over for lunch or coffee and a sweet treat. If you really want to go out, try going for breakfast or raid your coupon stash to see where you can save some money. If you have a buy one, get one coupon for lunch, credit the amount of the free lunch toward your savings.
Use a meal planning service: I recently started using 5dollardinners.com and I absolutely love it. For five dollars a month I get a weekly meal plan with shopping list sent to my Inbox every Friday morning. Every dinner costs five dollars to make, so it will save you some money. Not to mention, taking the hassle out of planning your menu for the week. I haven’t used every recipe because some are not to my liking but the ones I have made have been fantastic. This is another one of my favorite ways to start from ground zero and build your savings.
As you can see, there are many ways that you can start building your savings from zero. If you put some of these ideas into practice, you could go from saving zero to saving hero faster than you think. I have used some of these tactics myself and it doesn’t take much to start from ground zero and build savings.
Photo courtesy of joslex via Pixabay.com
Photo courtesy of bethrosengard via Pixabay.com