Monday, January 16, 2012

How are you gonna save up that money?

So, it's time to ask yourself the question you have been avoiding--how are you going to save up that money?

We've talked about saving money, living on less, getting rid of things that we do NOT need to survive. Getting rid of items we don't wear, use, cook with, watch,read, listen to, etc.

But how are you REALLY going to save up money?

Realisticially--Seriously--in all actuality--ultimately--however you want to word it, how are you going to get there?

I have another blog where i give lots of tips for this. Check it out HERE if you haven't already.

But let's get down to it... if you really want to save up money ($500, $1000, $1500, etc) how do you plan to do it? If you are struggling to make ends meet already, how do you SAVE up money that you do NOT have?

That's a question that financial bloggers address a LOT (keep in mind i am so NOT a financial blogger). Money shows, books, Dave Ramsey and people like him address this issue a lot. And some of what they say is very relevant to most people's lives. But some just straight over my head. For example, you will hear them say a lot "dip into your 401k," or "cash in the cd and repurchase at 1.4%"... HUH? What are you talking about, dude? I just want to know how to save up some money.

So, i had to come up with these on my own. It's not earth shattering by any means. It's simply some steps to help you save up to whatever amount it is that you are trying to reach.

1. HAVE A YARD SALE. so simple. Get rid of that crap in your house and gain some extra dough. Simple as that.Put the cash you make aside.

2. Sell the better items on ebay. Not much of a fee for listing and if they are good, vintage, type items you will get more for them online.

3. Raise deductibles on your insurance. This is so handy IF you do it for a short amount of time. Raise them up, and let's say you save $100 a month. Well your budget is already used to spending that amount so when you get paid each month, transfer $100 (the amount you saved by raising your deductibles) to savings. That alone will save you $1200 a year.

4. Change your cell phone plan. If you have a back up phone that will save you money to use (ex: it doesn't need a data plan), switch to THAT phone for a few months and put the difference in savings.

5. Clip coupons. Read more about that HER

6. Don't go out to eat. It's so simple. I had a gift card to use this weekend but let me just give you a quick run down.
2 glasses of tea
1/2 chicken salad sandwhich
1/2 turkey sandwhich
1/2 bowl of potato soup
1/2 ceasar salad
TOTAL: $21.62

My cost if I had made this at home:
Well, I already had the potatoes, I already had bread, go buy some turkey meat for 3 bucks, chicken salad from the deli 3 bucks, caesar salad in a bag 2 bucks, tea bags already had. So it would have cost me nearly NOTHING to have this meal at home AND I would have been able to have this meal every day for a week if I bought the items to make it at home. So silly.

If you are trying to save money then do NOT go out to eat.

7. Car pool. If you can. I realize this is one of those "REALLY???" kinda statements but let me explain. If I have to be at work ALL day for meetings and i know i'm not going anywhere...why wouldn't I have my husband drop me off and pick me up?Just saying'... the savings ads up.

What about you? What are some ways that you can think of to save money?????


  1. This is somewhat unrelated but I remember your mom having a yard sale to "pay her debt to society" when she got a speeding ticket coming to school!!

  2. hahaha yep!!! i think dad made her do that :) She got 2 in 1 week at the SAME spot in gum Springs by the SAME cop. :) way to go mom!