There are times in life where you need to stop spending and are in a position where you need to save or even make money right away. Perhaps you’re saving for a vacation or it’s right after Christmas and you’re trying to rebuild your savings. Maybe your family is a position where there is limited income. Maybe you just want to rein in your savings and make some money. Here are some tips/suggestions that have helped me!
- Go on a spending freeze.
You heard it straight. STOP SPENDING MONEY. I have been able to do a successful spending freeze for about two weeks. The goal can be up to YOU. A spending freeze means you complete freeze spending on anything. Ideally, you want to try this for about a month, but you can adjust the time as necessary. One of my favorite bloggers writes in detail about this here. I have also shared my experience about what it was like to go on a spending freeze. You can save money REALLY QUICKLY doing this. You would be shocked at what you might spend on a daily basis, though it does take some prep work! A coffee here, a quick snack here, a stop over at this restaurant. Freeze your budget, expand your savings.
2. Download the Ibotta app and start cashing in.
I heard about Ibotta a long time ago and used it awhile ago! A friend recently sent me a link and was telling me about it and I decided to use it. It’s ridiculously easy. You shop at a store of your choice. After you’ve finished shopping, you look to see if any of the items you purchased offer a cashback reward on Ibotta. You scan your receipt, scan the item, and voila – you have money. After you’ve made $20 you can withdraw it and SPEND. This is by far an easy way to make a few bucks. It works even better if you look on Ibotta first and see what items you can receive cash back for!
Ebates is THE BEST. I’d heard about Ebates for awhile but didn’t get all of the hype. Finally, around Christmas season, I decided to look into it. Ebates offers a rebate anytime you shop online. This means that I can spend $50 at a store online and if Ebates offers 10% back, I automatically earn $5. You can also make major bucks for referring friends. They issue out two “Big Fat Checks” each year. I have one coming to me for about $50. There are Ebates for almost any store imaginable.
4. Sell your stuff on Ebay.
I started selling things on Ebay when I was pregnant and really started picking it up after the boys were born. Ebay is by far my favorite way to sell and in my opinion, the easiest. I have sold on Facebook group sites but I don’t like meeting up with strangers face to face. I’ve had the most success selling baby/toddler/children’s clothing and women’s clothing. Those jeans that don’t fit from American Eagle or Express? Sell them. That top you bought at Target that you don’t love anymore? Sell it. Those clothes your kids only wore a few times? Sell it. I’ve made a few hundred dollars doing it and it serves two purposes – you clear out your house while making money!
5. Yard Sale.
I recommend selling anything that you couldn’t sell on Ebay at a yard sale. These items will be priced to sell, so when you have a yard sale you should have a lot of items and be willing to haggle. This works best in the spring or summer. For example, our neighbor was having one and advertised well, she encouraged us to have one too to drive more traffic to the neighborhood. We made about $150 and we literally threw it together. I think with more planning and pricing things well, we can make even more. This is an easy way to make money.
6. Cut those coupons.
It sounds like common sense, but this one will make a big difference in your savings. The average family spends about $380 a month on groceries! Grab your weekly newspaper, look at coupon websites, and get to clipping. Consequently, I saved $65 grocery shopping last week! As I was looking through our budget interested in ways to slash the budget (because who doesn’t like to save); I decided to resurrect my coupon binder. I divide the coupons into categories and when I make my list each week, use the coupons that I can. Combine your coupons with what’s on sale and you will slash your grocery spending greatly. Some websites will even show you how to be an extreme couponer if you’re interested!
7. Stop going to your guilty pleasure stores.
We all have them. Well, I know I do. The stores that you go to and can’t help but spend money in. “This is on sale…” or “It’s SUCH a good deal.” Anyone who knows me knows what this store is for me – TARGET. I can go to Target for toilet paper and walk out with everything short of the end caps. When I’m trying to save or am in a freeze, I’ll avoid going here unless I have to. I avoid the temptation.
8. Side Hustle.
Pinterest the term “side hustle.” You will find loads and loads of ways to work a side hustle, a.k.a to make extra money on the side. My suggestion is this – if you are good at something, find a way to cash in on that. My husband is the kind of person that’s good at so many things (piano, photography, Photoshop, and a bunch of other things), work a side hustle. Sell on Etsy, write for money, do online surveys, drive for Uber. I would say my side hustle is probably selling on Ebay!
There are so many other ideas, but these are some of the things I’ve done and have worked for me. What works for you?! Would love to hear some of your tips and suggestions!