Saving money is one of those life skills that I think doesn’t get enough attention. After all, if you want to do anything big in your life finances wise, you’re going to need to have savings. I’m grateful that I really enjoy savings and it somewhat comes naturally to me now, but it wasn’t always that way. When I left home in my teens, I knew I would have to learn how to save in order to have some cushion in case an emergency came up, and also to be able to buy my first car. Little by little I learned some simple ways to save money fast that really help me, so I want to share them with you too:
1. Bulk Cook
I find that food is one of the ways that I spend most of my money. Whether it’s eating out, or cooking meals that are kind of expensive, I realized early on that bulk cooking would be a great way to save money. I’ll cook meals that freeze well and make a number of servings so I can just defrost it and heat it up. Cooking for one is really expensive and wasteful, so I’ve found bulk cooking helps me save money so I have more money left for savings!
2. Cut Out the Drinks
Drinking outside of the home can be really expensive. Whether your vice is coffee or alcohol, both have incredible markups in restaurants and cafes, meaning you can easily spend a ton of money without realizing it. If you want to have a few drinks with your friends, there’s no harm in that, but now the weather is nicer why not host some friends over to your home for a BBQ and enjoy some cheap supermarket drinks instead of shelling out a fortune in a bar.
3. Get Extra Income
Having extra income is going to mean that you have more money available to save. This can be a little challenging to do, depending on your lifestyle and how much free time you have. If you’re able to pick up extra hours at your work, that might be the easiest way to give your income a little boost. But if that’s not an option for you or not something you’re interested in you might want to consider working an extra job or getting a side hustle. I think if you do get an extra job, it can be nice to get something a little more casual and something that you enjoy. Having an extra one or two hundred dollars a month can make a big difference in how much you can save over the course of a year or two. In terms of side hustles, it can really be anything, from babysitting for friends for a bit of extra cash, right through to investing in a bond or launching an online business. There are so many options, you’re just going to have to find one that fits your lifestyle.
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