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How to save an extra $100 every month


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Wouldn't it be great to save an extra $100 every month to apply to your financial goals? It CAN be done with a bit of effort.

Published in: Economy & Finance
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How to save an extra $100 every month

  1. 1. HOW TO SAVE AN EXTRA $100 EVERY MONTH Most of us could use an extra $100 every month. While it might be challenging, it’s entirely doable. Here’s how...
  2. 2. 1. Skip the expensive coffee and make your own. Or just get regular brewed coffee at the convenience store or a fast-food place. Skip the high-priced specialty shops.
  3. 3. 2. Refrain from driving more than needed. Carpool and combine trips when you can. Gas and car maintenance are expensive, so avoiding using your car as much as possible will add to your savings.
  4. 4. 3. Buy used clothes. Goodwill, Salvation Army, and resale shops have some very nice clothes that have never even been worn.
  5. 5. 4. Take your lunch. You could easily save an average of $25 per week just by brown-bagging!
  6. 6. 5. Eat dinner at home, too. Combine your savings from taking your lunch with cooking your own dinner and you’ll be surprised at how much it really adds up!
  7. 7. 6. Pay all your bills on time. Did you know that credit card companies make more money from late fees than they do from interest? Paying your bills a few days earlier can make a huge difference.
  8. 8. 7. Do your own yard-work. Most of us have lawns that can be mowed in 30-60 minutes. Unless it’s taking time away from something where you would earn more than $20, keep your money and mow your grass yourself.
  9. 9. 8. Buy generic. Rice is rice; do you really need the rice in the fancy box? Try substituting some generic groceries; in most cases you won’t know the difference.
  10. 10. 9. Save on entertainment. Rent a movie instead of going to the theater. Invite your friends over and have them bring a snack. Play cards. Go to the park. Go to the beach. Read a book.
  11. 11. 10. Drink water. Beverages are very expensive while water (from the tap) is practically free.
  12. 12. 11. Plant a garden. The harvest from your own garden can save you money on fruits, nuts, vegetables, herbs, and spices. Enjoy the best food you’ve ever eaten - at the smallest price - from your own garden!
  13. 13. Summary Implementing these few ideas can save you at least $100 per month. Keep in mind that $100 a month is $1,200 a year. With these small cutbacks, you can build a large nest egg or pay for your next vacation with cash!
  14. 14. To learn more, visit: • success-how-to-save-100000-in-the-next- 15-years/