Home > Finance > 7 Practical Ways to Save More Money Each Month

7 Practical Ways to Save More Money Each Month

house money capitalism fortune

For how many months, I know you’ve been trying and planning to save money, but many temptations would make those plans to delay the process. These tips that I will share to you will surely change your life for the better such as developing your financial habit, paying off your loans from moneylender faster. This will help you reach your goals and dreams sooner.

Saving a small amount of penny goes a long way, especially if it’s done consistently.

  1. Start your own blog.

It’s relevant to our modern age especially that many people all over the world can access the internet. Starting a blog won’t cost you that much, although it doesn’t minimize your expenses, it earns a huge amount of cash! Aside from the fact that you are the boss, writing your experience and making any types of review is a fun thing to do. You wouldn’t feel that you are working at all.

2. Cut off your cable.

According to a market research company, the average monthly bill for cable takes an amount of $120. Unfortunately, in the year 2020, the cable bill would increase to $200 on average. This shows that cable at home will maximize your expenses. You should try getting a digital antenna to receive local channels without payment and any hidden charges. When you do this and utilize a digital antenna as an alternative, except that for a month, you’ll be able to save money for at least $120.

3. Take and do surveys online.

This is now common among students and adults nowadays to satisfy their needs financially. If you would register t any online surveys, probably you can earn cash ranging from $20 to $100 and up per month.

Here are the survey companies I recommend you to sign up:

  • VIP Voice
  • American Consumer Opinion
  • Product Report Card
  • Survey Junkie
  • Pinecone Research
  • Panel Bucks
  • Opinion Outpost
  • Paid Surveys
  • Harris Poll Online
  • Prize Rebel

All of them are free to use and join! Make the most of the money, by signing as much as many as you can, and save money for $25 a month.

4. Minimize eating out.

Safe and healthy foods are those cooked and served at home because it’s a guarantee that the food preparation is clean and sanitized. Most restaurants aren’t that reliable in terms of food service, because they’re vulnerable to contamination and food poisoning.

In addition, eating out will cost you a lot of money. Yes, your stomach will be satisfied by the delicious and chunky food, but sadly your wallet is now empty. If you want to save more money, might as well cut and stop your habit of eating out. If you successfully do this, on average, you’ll be able to save $25 per month.

5. Stop smoking.

According to research conducted by the Statistic Brain, an average person can spend $34 a month by purchasing tobacco products. You invest and spent your money on something that is most likely to destroy your health. For a month, you’ll be able to save money for almost $34 and if this continues, it’ll become huge cash.

6. Start planning your meal.

Meal planning doesn’t mean you are limiting yourself, but it’s a healthier way to monitor your diet. Somehow, meal planning changes our lives positively. We are saving more money, less food waste and healthier than ever.

$5 Meal plan is an app that sends a variety of meal plan directly to your email. The first two weeks of your usage after signing up is free, but afterward, you have to pay for as low as $5 a month. Plus, it also sends you the exact grocery items you need to buy. In result, it’ll save not only your money but also your time; since you won’t be struggling to make your meal plan. In less than a month, you’ll be able to save $100.

What are you waiting for? Start living healthy!

7. Avoid driving expensive cars.

You should always take considerations the expense that’ll cost you if you buy a car that is not suited to your financial availability otherwise you may end up getting some help from a licensed money finance lender for the needed extra cash. According to new research, the average person in the US spends $361 on a second-hand car payment and $483 for the brand new ones. You can see a big difference and how expensive it is on your part.

In every household, car expenses should only take up 10% to 15% of your income, and it shouldn’t exceed more. You also have to consider the fact that there are add-ons in these expenses such as maintenance, taxes, gas, insurance, registration costs and many more. Although $479 is cheap for some, it doesn’t mean that you have to copy them and risk your savings and money. You should realize by now that it’s wiser to cut down the luxurious expenses that eat up your monthly income, or you’ll wake up one day with no money at all.

Business Module Hub