If you need quick tips for saving cash, you can’t afford to miss these “best ways to save money fast.” Even if you only try fourof these money saving tips, you’ll get your personal finances on track!
“If you only implemented the three R’s – reduce, recycle, reuse – in your kitchen, you would save money.” ~ Catherine Pulsifer.
Some of the best ways to save money fast is to reduce the amount you consume (stop buying stuff!), recycle “old” stuff (trade with friends, perhaps, or donate to the Sally Ann), and reuse your old stuff (e.g., reuse Baggies and tinfoil). Throwing away stuff is throwing away money!
Here are eight quick tips for saving cash fast…
Setting financial goals is the best way to achieve financial goals! I save money for my overseas vacations: I want to go on a cruise for my fifth wedding anniversary in October, and a two week vacation to Maui in January. It’s easier to save money fast when there are compelling reasons to save money! Why do you want to save money? What are your financial goals?
Once you figure out why you want to save money, you’re more likely to put these money saving tips to work…
Write your personal finance goals on your forehead
If you want to stay motivated to save money, you need to go beyond setting financial goals. You need to keep your goals front and center! The beauty of writing your financial goals on your forehead is that they’ll wash off when you shower. Every time you rewrite your goals, you’ll be newly motivated to achieve them.
Make two days a week “No Spend” days
“Unspend,” advise the financial gurus at DailyWorth. “No Spend Days are powerful budget-balancing tools. By simply not spending money one day a week, you give yourself more wiggle room in other areas.” I think one day a week is too easy – I challenge you to make two days a week your “No Spend” days! No fancy lattes, no DVD rentals, no 7-11 slurpees (my personal weakness), and no restaurant meals. In fact, I think this should be the number one way to save money fast.
A great way to save money is to find regular work! Read The Best Jobs for Introverts Who Like to Work Alone.
Keep a running tally of how much cash you save
Every time you choose to take your lunch to work instead of buying it, or choose a regular coffee instead of a fancy frappuccino (this is one of my best ways to save money fast – I get a coffee out, but I don’t pay $5), write down how much money you saved. At the end of every week, tally up your savings. I guarantee that you’ll be shocked at how quickly you’ll save cash!
Figure out how to make money savings tips stick
You hear money saving tips all the time: cut grocery store coupons, stop eating out at restaurants, shop for second hand clothes, don’t use premium gasoline for your. But, do you actually apply those money saving tips to your life? One of the best ways to save money fast is to learn how to make good money saving tips stick.
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Figure out why you spend money
You can read about the best ways to save money until the cows, sheep, and pigs come home! But if you don’t understand and perhaps even change your underlying financial beliefs, you’ll never get your personal finances in order. Are you an emotional spender? A compulsive shopper? Do you have faulty money beliefs? You can’t achieve your financial goals unless you deal with your money issues.
Stop buying DVDs and CDs
How many times do you really need to watch your favorite movies or listen to your favorite songs? I own and love the movies Chicago, Mr and Mrs Smith, and Thelma and Louise…but there are only so many times I can watch them! “I know someone with a massive DVD collection,” writes Pat Foran in The Smart Canadian’s Guide to Building Wealth. “He takes the bus because he can’t afford a car, but he does have every episode of The Twilight Zone.”
Get thee to a library!
My husband and I don’t just borrow books from our library, we take out magazines, CDs, DVDs, and audiobooks. I borrow Pilates, Yoga and other workout DVDs – which is a great way to save money on fitness. When was the last time you visited your local library? It’s a great place to save money!
If you think fear of success is holding you back — don’t laugh, it’s more common than you think — read The Courage to be Rich: Creating a Life of Material and Spiritual Abundance.
Enough about saving money fast…how about making more cash? Read What is Residual Income? How to Make Money Without Working.
And if you have thoughts on these quick tips for saving cash, please comment below.