Make More Or Spend Less

Today’s To Do List Tuesday is all about different ways to make or save money. There are only two ways to have more money in your life: make more or spend less. I recommend doing both. Start small. Don’t try everything at once. Pick one or two things off the list and do it! But the important think is to start today.

Savings tips

  1. Take your lunch to work. This save about $7/day or $35/week or $140/month.
  2. Get with family and friends to buy in bulk.
  3. Barter! I can not emphasize this enough. Ask for a better deal and expect it.
  4. Give up one or two lattes a week and put the money in your emergency fund. (don’t drink coffee? then use your favorite vice: cheesecake, chocolate, cheeseburgers, pizza)
  5. Cut back on eating out. Cook at home. Put the money you save towards debt reduction.
  6. Pay off your highest interest debt! This is a real wealth stealer, get rid of it.
  7. Call your cable, internet and phone providers and ask for a rate cut. This works best if you have been a long time customer. They want to keep you. Don’t take no for an answer.

Earning tips

  1. Ask for a raise. If you haven’t had one in a few years, plan for it and ask! (you need to prove it, hence the planning.)
  2. Save and sell your aluminum cans. It isn’t much, but you can recruit people who will help you in the name of recycling. 30-35 cans make a pound that goes for around $0.40-0.50 per pound.
  3. Check out driving for Lyft or Uber.
  4. Have an interesting hobby? You might be able to make money from it. Sell photographs, Make craft items and sell them.
  5. Sell stuff that you are no longer using. That bowling ball you haven’t used in 9 years? Sell it on Craig’s list or Ebay. (Do your home work if you have never used either of these.)

Here is wishing you and yours a most #AWEsome and prosperous New Year! Now do it! I would love to hear your tips for making or saving money.

8 thoughts on “Make More Or Spend Less

  1. onehundredtwentythreedays

    I am in the camp ‘we make a lot of money we just need to “spend less” but my husband often thinks we need to make more money. Its a slow process, but we are starting to get on the same money page. Our NO takeout challenge helped us a lot. I have even heard him utter the words “a zero spending 123day challenge” as a future project…wha????? 🙂 Oh, and we are a one car family – on purpose – that will save the average family around $5K a year in payments & maintenance.

    Reply
    1. shawn

      That is #AWEsome, glad to hear you are both getting on the same page. That helps immensely! Hope your New Year is prosperous and savings filled!

      Reply
  2. Pingback: Saving Money-That’s not a goal | Down Home Thoughts

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