You can! Here’s 5 fast and easy ways to start saving today
When you’re unemployed, on government benefits, a student, or earning a low income, it can be really tough finding the cash to cover your expenses, let alone save some for a rainy day.
But even making a small saving each week can make a huge difference when you need it. Here’s 5 ways you can start saving today.
- Coins count!
- At the end of each day empty your pockets and purse into a large tin or jar – and leave them there!
- Once it’s completely full, take it to the bank and deposit it.
- You’ll be amazed how quickly you can reach a few hundred dollars just by saving your small change.
- Work out where your money is going
- Keep a spending diary or use a handy app like Track My Spend to record every dollar you spend, every day, for a few weeks.
- This will make it pretty easy to see what things you might be spending money on unnecessarily, or where you’re spending too much.
- And here’s some fast and easy ways you can save a bit of cash on your everyday spending.
- Divert this money to savings instead, and watch it grow!
- Money going up in smoke?
- If you smoke 20 cigarettes a day, at a cost of around $22 a pack that’s setting you back almost $8,000 a year.
- This (scary!) cost of smoking calculator will show you just how much of your precious cash has already gone up in smoke.
- Instead, why not use this nifty Quit calculator to set yourself a savings goal – you’ll be amazed how quickly you could hit it!
- Sure, we know it’s not easy to kick the habit, but the savings (and obviously the health benefits) will make it more than worth it.
- Here’s some great advice to help you quit.
- Find the best deals
- Make more money!
- Think outside the box for some ways you could make a little more cash each week.
- Perhaps you could do some babysitting work, or use your talents to make and sell goodies like craft or cakes.
- Have a clear-out and sell your excess stuff in a garage sale or on sites like Gumtree.
- Get paid for saying what you think – register with local market research companies.
- If you’ve got a spare room, you could let it out for a helping hand with paying the rent.