When you’re already on a tight budget, it’s not easy to find additional ways to save money. But it’s always important to set aside at least a little for the future, no matter how much income you’re currently bringing in.
Here are the steps for you to have much income on your pocket according to thebalance.com.
1. Change Your Television Service
One of the easiest ways to find money to put in your savings account is to cancel your cable or satellite TV service and switch to a cheaper alternative.
It’s now pretty simple to get a wide variety of entertainment options from a streaming service that charges as little as $30 a month—though $50 or so is more likely.
For instance, Netflix, probably the most well-known cable alternative, can be accessed directly on your TV for $8.99 to $15.99 a month, or so long as it has or can download the Netflix app. You can also watch Netflix through a video game console or Blu-Ray player.
2. Pay Attention to Your Food Bill
Another way to save money is to change the way you eat. The best thing you can do is to stop or greatly cut back on eating out.
You could also consider giving up or cutting back on meat. Though produce can be expensive too, especially if you purchase fresh and organic options, meat typically costs more pound for pound for everyday items. And you can also save money by buying frozen or canned fruits, beans, and vegetables.
3. Choose a Particular Category Just a Little Bit
When you’re pinching pennies, you may have already cut all the unnecessary items from your budget. A next step might be saving $5 to $10 per category in your budget and setting that money aside.
You can often save another $5 per week at the grocery store by dropping two or three items off of your list. If you conserve fuel by consolidating trips, taking public transit, or walking when it’s feasible, you can cut back on the amount you spend on gas each month by even more than $10. Similarly, you can adjust your thermostat so that you are paying less in heating and cooling costs.