I’m so sick of reading those blog post that say things like “put $1,000 into your savings every week to save money!”. Like first of all, I do not have $1,000 a week to just not spend. Secondly, if you’re reading about how to save money, you’re likely looking for more creative solutions, not shit like that!
Well if you’re like me, a college student who is sick of living paycheck to paycheck, I have some tips for you on saving money in a way that is fun, creative, and dare I say easy?
Find your Motivation
Why do you want to save money? Do you want to buy a house? Pay for school? Travel? Or just have a financial safety net? You want to be VERY clear with your intentions. For example, one of the main reasons I want to save money is to by a house within five years. I know exactly what city I want to live in, exactly what condo complex I want to buy in, and exactly how much it will cost me. Being super clear with your intentions will make it so much easier to be motivated to save instead of spend. Let’s say you want to save money to afford a trip to Australia. Set your phone lock screen to a photo of Australia so you’re always thinking about it.
This is not sponsored, but I really love this app so I wanted to share it with you. Dosh is an app that you hook up to your debit card to save money even when you’re spending. You literally don’t have to do anything, the app just does it for you. When you shop at places like forever 21, you get x% cash back and once you hit $25 in cash back, you can transfer it to PayPal. You even get money for referring friends, and sometimes they do promotions when you can receive $10 per person you refer! I’ve already made $130 just from using the app! Click HERE to sign up and get $5 when you connect your card!
Cook at Home
The first time I ever looked in to how much money I spend a month on takeout and going out to eat, I almost cried. You don’t realize it, but it really adds up! One of the main reasons I used to spend so much money on this is because I never really had time to cook at home, and that’s when I discovered the wonders of meal prep. Now, I go to the grocery store once a week, spend about $75, go home and precook meals that I can easily heat up or throw together throughout the whole week. I try to limit myself to getting takeout once a week and going out to eat once a week and it’s saved me SO much money.
Save your Spare Change
Now I don’t know if you can do this with all banks, but Bank of America has this awesome feature which I love so much. Let’s say you spend $43.71. Bank of America will take that $0.29 and put it right into your savings account. I know it doesn’t sound like much, but it really adds up.
Don’t Touch your Card
Every time you get paid, take a certain amount of money out in cash. I typically take out $500 every two weeks. That is your spending money. It is so easy to swipe your card over and over again without really feeling like you’re spending money. $5 here, $10 there, you know how it goes. If you only spend cash, you have a visualization of how much money you have left. Once you spend that money, it’s gone so spend it carefully!
Take Public Transportation
I’ll be the first to admit it, I Uber EVERYWHERE. It so much less stressful and easier than driving. But Uber can get SUPER expensive. If you are lucky enough to live in a city with a train system, take that instead! It would cost me $40 to Uber to downtown Boston, but only $2.25 to take the train! That’s a huge difference and now I can put that money directly into my savings.
If you have any more tips to saving money, please let me know in the comments below!
Love, K. x
Connect with Me!