Making money is generally not the problem most people have where their finances are concerned. That’s not to say plenty of people aren’t unemployed or underemployed at the moment and suffering for it. However, a lot of other people wouldn’t be suffering, period, if they just knew how to save more of the money they did have. This would free it up to make other purchases or investments or to simply stay in a savings account for a rainy day or emergency fund.
To begin with, take a look at where you’re spending money on entertainment. Finding ways to relax and blow off steam is important, but chances are that you’re paying too much for the ways you do it. Practically any information you get from your favorite magazines can be found online, for example. Options like Hulu, Netflix and Amazon Prime are also easy ways to give up far more expensive sources of entertainment like cable and satellite.
Another place you could be wasting a lot of money is with a gym membership. There’s plenty you can do around the house or your neighborhood with nothing more than some cheap workout clothes and a reliable pair of shoes. A lot of people who own gym memberships don’t even use them, yet they can easily pay $40 a month, if not more, to keep the membership active.
A lot of people spend more than they need to on lunch every day because they don’t pack their own. However, even if you do, you could still be spending more than necessary on your diet. Look into buying bulk options that can be used for several dishes. Vegetables and meat, for example, can be used for salads, soups, sandwiches, and other healthy options and don’t have to cost a lot.
So before you go thinking you need a second job or otherwise give up on financial comfort, consider all the ways you could be saving money.