Life

10 WAYS TO SAVE $100 IN A WEEK

Did you know there’s probably an extra $100 floating around in your budget?

Seriously.

If you want to find this mystery money, let’s take a moment and look at some saving and shopping strategies to put those dollars back in your bank account.

GO CASH FOR ONLY ONE WEEK

It’s time to put the plastic away. This means the credit cards and, yes, even the debit card. That checkbook should be put aside, too. Sit down and think about how much money you need for the week and then withdraw that cash. You can only spend the cash you have on hand. Once it’s gone, you’re done spending. It is surprising how much harder it is to part with your dollars when you literally have to hand them over to someone rather than just sign your name.

KEEP THE CHANGE

Now that you’re spending cash, you’ll have some change in your pocket. Every night, take the change and put it in a jar. It may not look like much at first, but this new habit will make your money grow quickly.

SKIP GOING OUT TO EAT (or drink)

This can be a tough one, we know. Who doesn’t love getting together with her friends for dinner and drinks? Those quick meals out add up quickly, especially if you work in an office where your co-workers go out often. And, that morning coffee stop? Dig out that coffee maker this week and brew it at home. Cutting out a three-time a week coffee drive-through can save up to $15.

LOSE THE LANDLINE

When is the last time you used your “home phone”? If you can’t remember, then it’s probably time to call the phone company and retire the old phone. Many people use their cell phones exclusively for calls and anyone who needs to make international calls can use voice-over-internet-protocol services, such as Skype to get connected. Ditching the landline can save you about $5-$10 each week.

MAKE A LIST. CHECK IT TWICE

Think about your last shopping trip. How many items did you wind up coming home with that you didn’t plan to buy? Taking a few minutes to make out a list of what you need will keep your shopping on task and your budget intact. Make sure that your shopping list contains what you need and stick to it!

ELIMINATE UNUSED SERVICES/MEMBERSHIPS

Print out of your bank statement and go through every one of your automated bills. Do you still use all of these services or memberships? Have you gone to the gym lately? What about subscriptions you no longer use? Think carefully about all of these and cancel the ones you know you don’t (or won’t) enjoy. The total amount of savings could go beyond $100 depending on how many items you trim from your monthly bills.

CUT THE CABLE/SATELLITE CORD

If you’re not someone who has a favorite series on cable or is into live sporting events, you might be a great candidate to go to streaming your media. Many streaming services (Netflix, Hulu, Amazon Prime) offer access to current TV series, as well as recent hit movies, music and more for between $10 and $12 each month.

CARPOOL OR TAKE PUBLIC TRANSPORTATION

Why pay to fill up a tank on your own when you can split the cost with others? Talk with some coworkers and organize a shared ride. Is there a bus stop near your office? Many cities offer commuter buses where riders can park their car and ride into town. The daily cost averages at less than $3 for many places.

REMEMBER THE LIBRARY

Local libraries have seen a renaissance in recent years; not only can you check out the latest books, but hundreds of e-books, magazines, DVDs, CDs and video games can be checked out by anyone. There are also many free, live events at local libraries including concerts, movies, lectures, classes and much more. Take advantage of the opportunities to learn a new skill, listen to music or enjoy time with some friends!

GET A SAVINGS BUDDY

Find a friend to agree to save with you! It’s always easier to meet a challenge when you have someone else holding you accountable. So, in those times of spending temptation, one of you can pick up the phone and talk the other down.

Now, all that’s left is figuring out what you’ll do with that “extra” money!