Save $500 This Month By Doing This …
Start Saving Money
It’s a week and a bit till next payday and you need to save some money fast. What do you do? You cash in all the gift cards and hit up the local coffee shop with friends. NO! Learn some great ways to save money fast.
Ways To Save Money
In an effort to streamline money saving ideas. Let’s say you want to save $500 this month. How would you go about doing it? How could you save money fast?
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How To Save $500 A Month
Saving $500 a month is real easy. Below we look at where you can save money in the top spending categories: food, energy and entertainment. These are all easy to change areas of your budget. Your rent or mortgage payments maybe larger expenses but they are fixed expenses and harder to change unless you can downsize quickly.
How To Save Money Each Month:
Food and Groceries
You can always lower your grocery budget. In fact we are working on this exact thing in our household. Cutting down on the expensive dishes and bring back cheap, yummy, home cooked meals.
Clipping coupons, using Rakuten, shopping sales and using what we have. These are all great ways to save cash quickly.
Meal planning is a great way to save money and cut costs. Stop eating out and skip the drive thru. Make the cost effective choice to eat at home. Learn what we quit buying to save a ton of money every month.
Energy Savings
And this applies to all utilities and gasoline. What changes could you make to see immediate results?
Wash your clothes in cold water and hang them to dry.
Lock up the thermostat, figure out a balanced cost effective temperature everyone is happy with.
Do monthly car payments, insurance fees and gasoline have you stressing? Can you carpool, bike to work or downsize to a single car household?
Entertainment
If you are looking to save a large portion of money quickly over a short period of time cutting back on costly entertainment will help.
The average cost for two people for dinner and a movie is approximately $100 or more after drinks, dessert and popcorn.
You could save that $100 by planning a movie night in or opting for a cheaper alternative like bowling or a picnic by the lake. Checkout these fun frugal entertainment ideas.
Saving Money Each Month
Is all about making small changes to your everyday activities to help you save more money. Discover 50 simple and easy money saving secrets that are sure to put more cash back into your wallet.
How To Save 500 Dollars
The quickest way to save 500 dollars in a month is to cut back on a few of your everyday expenses.
- For example bringing coffee from home and skipping the coffee shop will save you $100 a month (5 days x $5 coffee x 4 weeks)
- Skip the lunch take out and brown bag it will save you $300 a month (5 days x $15 lunch x 4 weeks)
- Passing on dinner and a movie date night will save you $100. Instead opt for a cheap date night at home.
Easy Ways To Save Money Every Month
The easiest ways to save money every month have to do with take out. Food to go is expensive. Restaurants are expensive. Think about it a family of four can easily spend $100+ on dinner at a restaurant. But a frugal family can make that $100 cover 2-3 weeks worth of home cooked meals.
Saving Money Every Month
Bringing your coffee and lunch from home, tossing a few snacks in your car or backpack can save you money every month.
Cutting back on your entertainment and looking for fun free things to do is a great way to save money each month.
Budgeting
Look at where you are spending your money. If you don’t know where you’re spending your money print off these easy to use budgeting worksheets. Calculate your bills and expenses.
Spending
Figure out how much you spent last week or last month. Cut out the extras, hang out at home, cook more meals from scratch and you will notice money saving results.
Secret To Saving Money
Save what you can. If you can’t save $500 in a month. Try saving $100 in a month or $200 a month. Start where you are, with the budget and funds that you have. You can find some great ways to cut your expenses here that will help you save more money each day.
Updated July 7, 2021
