3 Ways to Save More Money This Spring
Spring has arrived and for many, this season is one of new life and fresh starts. Your financials may have not been great at the start of the year, but here’s a chance to get back on track and start developing saving habits.
There are many ways to save more money throughout your daily life, so we have compiled three of our current favorite strategies. These methods are safe and easy so you can save up some cash just in time for summer. Take a look!
1) Change is Your Friend
Paying for things in cash is one way to insure you are not overspending, however, the downside of cash is that the change handed back to you after a transaction, is often lost, forgotten, or left behind. This little bit of change can add up to big amounts and can help you cover expenses that may, otherwise, be difficult to afford. Every time you receive change following a transaction, place your change somewhere safe where it will not be lost or forgotten. You can set up multiple collection stations to ensure there is no change wasted. For example, place a mason jar in your vehicle, your laundry room, and a place near the entrance to your home. This way, the places where you most likely will find change have a place to be collected. Loose change in pockets can be collected when you do your laundry, change from drive-thrus and tolls can be found in your vehicle, and whenever you arrive home from an outing, simply empty your wallet into the jar at the entrance of your home.
At the end of month, when expenses are due, collect all of your change jars and count it up! You’ll be surprised at how much this little bit of effort can add up. This extra change can exchanged at the bank for cash or deposited into a bank account so you can access it easily. You can even use this strategy towards saving for a particular item or vacation!
2) Try Saving Apps
In this day and age, there truly is an app for everything. This includes making it easier to save money as you go about your everyday life. There are many apps available that allow you to organize and plan out your expenses and savings. One particular app that is great for no-nonsense saving is called Qapital. This unique app, available for iPhone and Android, connects directly to your bank account. You can then go into the settings of the app and organize your expense or savings goals. For example, if you are saving for a summer trip and your monthly rent, you can create a “goal” for each of those. You then have the ability to select “rules”, these rules apply to every time you spend money or can be set to happen at the same time each month. You can use a rounding rule which rounds each purchase you make up to the nearest dollar and places that rounded difference in a savings account towards your goal. You can also have the app automatically place a certain amount of money into your expense or savings goal each month without you having to do manually.
This strategy really helps those who have a hard time saving. You will not have to manually move money around, but instead, you’ll be limited to the money that remains in your account and your savings will remain untouched. The app then allows you to transfer your goal amounts back into your bank account with no fees or limitations. This app is an excellent way to keep the savings growing and to ensure you have the money for your living expenses and bills at the end of each month.
3) Budget for Expenses
Lastly, is budgeting. The most effective way to save money and ensure all expenses are accounted for. Go over your expenses and write a list of them down. Then estimate how much you will need to cover them each month or week, etc. Subtract these expenses from your estimated income and whatever remains should be placed into savings or an emergency fund. This discipline helps to eliminate unnecessary spending and you’ll be surprised at how quickly your spending habits will change when you commit to sticking with your proposed budget.
Life is unpredictable and sometimes budgeting and saving everything that you can doesn’t add up to the amount needed. Check on Hold understands and that’s why we are here to assist you in these times. We are Central Florida’s most reliable resource for quick, safe, and legal cash. For years, Check on Hold has built a solid reputation as the best outlet for cash advance in Daytona Beach and throughout Central Florida. Our friendly and knowledgeable staff are always on hand prepared to answer any questions you may have. Simply stop by one of our 11 convenient locations today or contact us for more information.
Bookmark & Share
Most Popular Articles
- Pay Off High-Balance Credit Cards with a Daytona Beach Cash Advance
- Be Loan Wise to Reach Your Financial Goals
- How to Plan for and Manage Unexpected Expenses
- Maintain Privacy and Security with Check on Hold
- How to Protect Your Tax Refund
- Save Money by Making It a Game
- 5 Expenses You Should Be Prepared For
- Protect Your Money from Finance Thieves with a Daytona Beach Cash Advance