For many, spring represents a season of new life and fresh starts. Even if your financial situation didn’t look great at the beginning of the year, there’s no time like the present to start saving for your future! It doesn’t have to be difficult to build your savings. In fact, there are several things you can do right now to put some cash aside.
Save Your Change
Many people pay with cash to prevent overspending. Unlike credit, you can only spend what you have with you at that time. However, it’s important not to forget about the change you receive after your purchase. Saving change can add up to significant savings over time.
Place a container in a high traffic area of your home to collect change. Placing the container where you put your keys or other belongings helps ensure you’ll remember to deposit your change after every outing.
At the end of each month, count your change to see how much you’ve saved. Many people are surprised to learn how quickly their savings grow with this simple technique.
Several apps exist that help with saving. Many of these apps help users develop budgets, plan out expenses, and set goals for savings. The app allows you to set rules for spending. For example, a “rounding rule” would allow you to round purchases to the nearest dollar and put the additional change into savings. Just like change collection, this can add up quickly.
It’s important to learn how to save money when shopping for everyday items and necessities. Even if you put savings aside each month, you won’t get very far if you pay top dollar for everything you buy. Shopping smarter isn’t about missing out on what you want, it’s about saving money every time you shop.
Shopping discount stores and online auctions is an excellent way to get quality items at a lower price. Discount stores offer a large selection of groceries and other everyday necessities at discount prices. Online auctions allow you to compete against other bidders to get the best price. Depending on the auction platform, bidding usually starts well below MSRP value. Bidding at Lots Of Auctions starts at just $5. Winning bidders often end up getting name brand products at a lower price than possible in stores.
Spring is the perfect time to start saving. If you’d like to participate in our online auctions, you can register to bid here.