Everyone knows how bad it feels to be straight-up out of money. Whether the last time you were dead broke was when you were a teenager with a part-time job or last week, everyone’s trying to avoid running out of money. The best way to do that is to adopt a smart saving plan. However, the words “saving” and “budgeting” are enough to make some people grind their teeth with anxiety.
After all, saving money is tough, isn’t it? You’ve got to tighten your belt, live frugally and avoid doing anything fun in order to save money, right? Well, not exactly. Saving doesn’t need to be miserable. Here are some tips to get you started.
You don’t need to spend a fortune on cable and video games to stay entertained. In fact, there are lots of free options that can make your monthly entertainment budget a big old goose egg. Firstly, there’s streaming platforms online that offer all the content you’d ever want, completely free of charge. Service like Pluto TV, YouTube and many ad-supported free services are out there and completely legal to use.
Another free option many people overlook is the public library. Since you pay taxes, you’ve actually already paid for this yourself! Your local library has books, movies, comics, magazines, you name it. If you’re looking for something to read or watch, you can get pretty much any book or DVD you’d like from the library. Just use it gently and return it when you’re done!
Eating on a budget doesn’t mean you have to choke down instant ramen and potatoes all day every day. You can invest in some inexpensive, fresh ingredients and make a plan to cook your meals at home. Meal prepping is a huge step towards saving money: make a big dish of something like pasta and then portion it out so it can feed you for several meals. Just like that, you’ll be saving money.
Ideally, you should avoid buying anything new – within reason. Electronics, cars, clothes, furniture and dishware can all be found secondhand for a fraction of the price of the same item brand-new. You’ll save huge amounts of money by just buying things from thrift shops or through online reselling sites. This helps you to get what you need while also keeping your spending to a minimum!
Before you know it, you’ll be living just fine and spending a fraction of what you might have. We hope these tips help you get started saving money for a rainy day!