How to Save Money
When You Feel Like You Don’t Have Any

With prices of groceries and other items continuously going up, many people are looking for ways to save money. And many people feel like they can’t save money because they don’t have enough to save. Here are a few practical and creative ideas to save money. 

1. Don’t spend more than you make. A good friend of mine says this often, and it’s simple but good advice. If you don’t have enough money, don’t buy the latte or the boots you have your eyes on.

2. Make a budget. A budget can help you track your income and expenses, and it can help you find ways to cut expenses and save money. Maybe you’ll realize you spend more eating out than you realized. If so, make a point to eat at home more often. Or you may find you pay for subscriptions or streaming services you never use that you can cancel. As the Ramsey Solutions article “How to Stop Living Paycheck to Paycheck” says, “You’ll notice spending habits you didn’t even know you had. Then, you can make the changes you need to not only cover the basics—but also plan for the future.” 

3. Save money and automate it. Many savings accounts have automated plans that you can set up to save a certain amount of money on a regular basis, such as per pay period. Ramsey Solutions suggests saving an emergency fund of $1,000.

4. Pay off debt. Focus on paying off all your debt if you want to be able to save more money. Ramsey Solutions says, “Living with debt (of any kind) is one of the biggest things keeping you in the paycheck-to-paycheck cycle.”

5. Try a side gig. Make some extra money to save with a side gig or two. Maybe you can drive for Uber or Lyft, deliver for DoorDash or Uber Eats, teach music lessons, walk neighbors’ dogs or do freelance work in an area of expertise.

6. Do more free or low-cost activities. Have friends over for a movie night or bake cookies and drink hot chocolate. Go for a bike ride or a walk. The Motley Fool’s article “How to Stop Living Paycheck to Paycheck” says, “Seek free or low-cost forms of recreation, such as reading library books, playing board games with friends or gardening.”

Try a few of these ideas and you might be surprised by how much money you can save. :: 

About Author

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Alison is a writer and editor living in Rochester, Minnesota, with her two dogs and her cat.

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