What would you do if you save $ 2100 in three months ? You will feel better and who knows your saving habit becomes contagious and you start saving lot of money. I know this is not very big amount but as the saying goes
“A penny saved is a penny earned”
So instead of working more for the same amount, why not save the money instead of spending it.
is money and be happy. Some of the activities have direct effect on the saving habits of people which can lead to increased wealth. These will add money into your account for sure because when you pay attention towards savings you will always have more to save.Today I will talk about saving 2100 dollars in 3 months. It comes out to be $700 a month.
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When we think of saving 2100 dollars, it seems big. But break it down and you will be left with 2.5 dollars a day. This is an easy strategy. This needs to work on your day to day goals.
Change your Mindset
Changing your mindset can do lot more than you think. If you will go on thinking about buying stuff, you will end up in shopping centres every weekend. But if your mind will be in saving money than you will be always thinking about saving money.
There are always two ways to grow wealth. The first one is save money and the second is make more money. It really matters whether you are following both or only one of them. Because if you will only be saving money, there will be a point where you have to stop and you won’t be able to grow further than that.
To grow wealth, you need to work on both of the strategies. They both together work very well.
Today we will discuss how to add extra 2100 dollars in your account in 26 weeks. Why 26 weeks because we are in the middle of the year and it is better to work in the time available to us.
How to save extra $2100 to grow wealth in three months time
1. Start doing surveys
I earned my first dollar online by doing surveys. It was just a year ago. But I am near to building my emergency fund with the money I earn through surveys. I know, you will not become rich by doing surveys and only do surveys if you don’t have anything else to do or just watching TV. Watching TV will not pay you any money but if you will utilise that time to do surveys, you can earn few dollars. And at the end of the month, check how much you have earned
I always do surveys while going in public transport, waiting for doctor appointment at medical centres, or while cooking. If I have to wait for something, I always use my phone to do surveys and start a survey whenever I get time.
📍 Always try to do surveys in your spare time. Surveys don’t make you rich but can help you build your savings account
If you want to start making money online right now, start doing surveys. You will not become rich but you can increase your emergency fund or your build retirement fund with this extra money. Here is one of my favourite survey companies
- Survey Junkie: I personally use Survey Junkie to make some money in free time. It is easy to find high paying surveys at Survey Junkie and you can make good money as side income from the comfort of your home. You can redeem the points as money or as free gifts.
- Vindale Search: I like this survey site because they provide huge amount of surveys. There is always a survey waiting to be completed. This is a New York based company and pay anywhere between $1-5 for surveys. They also provide product testing opportunities which starts from $5 and go up from there.
These are my favourites but you can sign up for more if you want and can start earning money Now.
2. Make a budget
Making a budget and sticking to it will always help you squeeze out some money for saving. Finding ways to reduce expenses is only possible if you have a working budget.
There is no right or wrong way to budget, whatever system you chose, just do it consistently. Normally as with exercise and weight loss programs, we start with enthusiasm and then stop after some time. While done consistently and deliberately, it makes you save a good amount of money in the long run.
The main goal of budgeting is to save money as well as have enough for your basic needs. It is not a difficult but you need to have a plan as well as be patient and determined . There is a lovely quote and my all time favourite :
” Money grows on the tree of persistence “
If you are a family, it is important to work together but sometimes taking your spouse along with your money matters is important. Some people are really hard, I have my partner like this, it is really difficult to tell him anything regarding money because he has a certain mindset which he don’t want to change. Budgeting with him is really difficult but gradually he is getting into this habit. I am sure, with budgeting you will be able to save around 100 – 200 dollars each month.
3. Save money by getting free gift cards
Getting something free always ignite certain kind of curiosity and a satisfying emotion. It is cool to get free gift cards to buy your favourite gift cards. Just few months ago, I got $20 from ebay to shop. I was so happy that I totally jumped and bought some storage boxes I was planning to buy but could not buy.
Not only this, I got $50 amazon gift card from Swagbucks the previous month.
Swagbucks is great for free gift cards. You can accumulate points and those points can get you free gift cards. ( you can also redeem your points by getting cash through Paypal). Sign up with Swagbucks to get free gift cards as well as cash.
6. Cut your spending to save extra $2100 to grow wealth
Yes my friend, cutting your spending is the real thing and most important if you already on tight budget and want to tackle your budget. This was my first step when we were struggling with debt and on top of that, we wanted to save for our home loan (a mammoth goal). Cutting our spending gave us lot of money to save.
📍 Pro Tip: Always save the money in your saving account otherwise you will end up spending that money somewhere else.
- Cut your grocery spending
- Reduce outings and eating out instead start eating home cooked food
- Eliminate paid entertainment totally ( there are so many free choices)
- Get rid of any unused subscriptions( believe me, it will save you a lot )
- Cancel any travel for this year ( You may plan a beautiful travel next year)
You know why I am writing all these while I am supposed to write how to save? Because these tips will help you in squeezing out money from everywhere. This will let you save money easily which you will need to grow your account easily.
7. Reduce your supermarket trips
If you go to super market in between weeks, stop that and only go at a certain day. And go to supermarket when you will not have time for window shopping. I think you will agree with me on this one that reducing supermarket trip can save you almost $100.
8. Discuss your arrangements with utility providers
Call your gas/energy provider and try to get less price. If you are with them for bit longer, you can ask for discounts or you can switch to the providers which are less expensive. We just changed our provider few months back and already saving a lot on bills. I found a difference of nearly 35% in what we were paying earlier.
When we switched our utility provider, the ex utility provider called us for reducing rates. See, if you don’t pay attention. they rip you off your money.
Cut utility bills
You cannot believe how much utilities can save you. Write down how much you spend on utilities each month. Then make some changes the way you use water , gas and energy. Try to limit the use.
- Reduce the frequency of laundry
- Take less time to shower ( If you take 10 minutes for shower, reduce it to 7 minutes ) Always use a timer. You will be surprised to know how much you saved.
- Always use dishwasher when it is full. If you have few dishes, wash them with your hands
- Make sure no tap is leaking
- If your house is gas heated, keep thermostat lower
- Bulk cook the items you can freeze
- Switch off whenever not using
- Keeping your thermostat under control
9. Cancel subscriptions you don’t use
If you have any gym membership or magazine subscriptions which you don’t use them, cancel them. If you are not going to gym, keeping that subscription will not help you in staying fit. I know these kind of memberships keep you feeling good but they cost money.
In December, we signed up with a gym membership, but I could not go to gym so I have cancelled mine but my husband is not ready to cancel it though he hardly goes to gym twice a week. A 2 dollar gym will be good for for him but he is not ready. I cannot do anything in that matter.
10. Shop with cashback sites
Sign up with Ebates and get your bonus of $10 : If you love shopping and want to earn cashback then Ebates is for you.
Sometimes you can get really good deals on shopping sites, not only that , you also get cashback. I got $48.5 from cashback sites last month( I had a bid purchase for which I got bigger amount in cashback). Free money gives you a kind of happiness which you don’t get even from a discount. It is totally possible to save around $20 every month from your normal purchases. If in any month, you make a big purchase, you can get more.
Some sites and apps do pay for referring people. Use those sites and apps to make some money for adding into your saving account. You will be able to reach your goal earlier.
11. Transfer savings automatically
This one is the real smart thing to do while saving money. You know your end goal is saving $2100, and you have broken it into your weekly savings. Make it automatic so that you have to think about saving more and earning more.
Also, make it sure to make that money difficult to access. Automatic transfers don’t depend on your mood, I mean you cannot change your mind to give yourself extra week to save more. When you have already transferred your money into savings account, your mind will start about making necessary changes to earn or save that much amount from your daily expenses.
12. Spend time instead of money
We are living on one income at present and believe me, squeezing money for saving is the hardest part. On top of that, we are planning to go to our home country next year for which we need lot of money, because we have to spend on tickets, visas, and of course, shopping. I am from India and we have lot of beautiful stuff to buy from there.
To make my saving plans bit easier, I have reduced my trips to shopping centre. Earlier it was every week, but now, I go to shopping centre at alternate weekends. I always spend that time with my daughter and one of my friend in park. We both have same age daughters so our kids are also friends.
It is really nice to spend time like this in nature and after chatting, I feel so cathartic.
13. Sell your old stuff
If you have lot of stuff lying around your house, then start selling it. We came here in Australia just 6 years ago and bought our home just 3 years ago, So we don’t have that kind of stuff to sell but I always have toys to sell. If I cannot sell, I just give it to my friends who are expecting or have little babies. With Gumtree and Facebook, it is so easy to sell local.
14. Look for side hustles to increase income
Sometimes it is really difficult to live on one income. At this point, even if you are not working full time traditional job, you can still make money. Start some side hustle to support your family. To find more ideas, you can read these posts where you can find many ways to make some extra money.
15. Plan free or low cost outings
This one is my favourite. It is very expensive if you have to buy tickets for your outings. If you are planning to have paid outings, first save money for those outings. If you have kids who can understand the money things, include them in your planning.
As of now, go for free outings. And it is very easy to plan summer outings for almost free or very low cost. I remember how last Summer, Me and one of my friend went to beach and spent only $25 altogether. She went with both of her kids. Our only cost was our train ticket which is always less on weekends. We took home cooked food and a bottle of juice as well as water from home. It was the best day of my summer.
16. Cut your junk
Everything which doesn’t add value in your life is junk. Whether it is food or clutter lying around your house. If you love fast food and love to eat out, consider breaking that habit. If you cannot eliminate this habit, try to limit the use of junk food. It will help you maintaining good physical as well financial health.
If you find some stuff lying around your house which you think is not adding any value to your life but could benefit somebody else, sell it. Or donate it somewhere. Most of the time we have our wardrobe full of clothes which we never use. Sell/donate anything you don’t use at your home. You will definitely make some money selling your junk and save by not eating junk. Try it for these three months and you will have better health and wealth.
17. Start saving
I know you would be thinking, how can I save money when I am already on very tight budget. It is possible and you should definitely do it. If you loved the idea of saving change during childhood ( everybody loves to do so during childhood), I bet you would love it now too. If you want to give it a try, start saving with Acorns App. When you link your bank account with Acorns, it will save and invest for you by rounding off your purchases.
18. Start couponing
If you haven’t used coupons, this is the time to start using coupons for saving money. Couponing is a great way to save on shopping. It is important to save with coupons as well as make use of sales. Don’t buy things on whim. Wait for sales. Use coupons along with sales and you would have saved really a lot.
19. Don’t stop
I think by applying these methods, you can save $2100 at the end of the three months. What you can do is take the challenge of saving 2100 dollars again and make a goal of saving more for next three months. This time , make a bigger goal. Believe me, you will be better equipped to save this time.
These are some of my best ways I used to save exactly the same amount of money. I did most of the things I have written here and believe me, you will be surprised at the end of three months. So start saving now and be happy tomorrow.
My best wishes are with you. I want you to be happy and successful in your money saving goals.
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