Tips for a Rainy Day

January 17, 2012

By Kristina Wedseltoft, America Saves Intern

 

rainy

It’s a rainy day here at America Saves and I’m sure everyone has heard the expression “Save it for a rainy day”. Well have you been saving for a rainy day? Not many people put saving as a priority, but saving and contributing to an emergency fund are very important. To help you kick start your savings here are 5 money saving tips that can help you save for the next rainy day.

1. Cut down on phone extras

  • Get back to basics and cancel services such as call waiting and caller ID.
  • Drop your long distance services. Try Google voice or Skype with free domestic calls within the US and low rates for other countries.
  • Reevaluate your calling plan and make changes to suit your needs.

2. Stretch your clothing budget

  • Make sure you buy clothes that are versatile and easy to mix and match.
  • Minimize dry cleaning by investing in machine wash materials and saving dry-cleaning for special occasions.
  • Sell your unworn clothes at consignment stores or buy back retailers. For a few ideas of a store close to you click here.

3. Auto Savings

  • Strategically plan your errands so you don’t have to drive around wasting gas.
  • Accelerate and break gently and you’ll burn less gas.
  • Make sure to compare auto insurance prices to ensure you’re getting the best deal for your money’s worth. Also look for extra discounts such as good student or good driver discounts.

4. Eat well for less

  • Find special discounts through the newspaper or saving sites that typically can save you around 50%! Click here for a list of sites.
  • Don’t buy coffee from that expensive coffee shop every day. Instead make your coffee at home and bring it with you.
  • Instead of buying drinks or snacks from the vending machine, pack your lunch and be sure to include a few snacks for the mid-afternoon hunger.

5. Entertainment on a budget

  • Look over your cable plan and make sure you aren’t paying for channels you don’t watch.
  • Instead of buying movies when they are released, think about renting them or streaming them from online retailers. You could save around $15.00 per movie. For reviews of different sites, click here.
  • Plan activities that don’t involve going out to spend money. Make those types of trips occasional and they’ll be more memorable.

Join America Saves today and take charge of your financial future! Receive monthly newsletters and money saving tips that can help you save money for the next rainy day. It’s never too early to start saving, Join Here!

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Tip of the Day

  • Written by Administrator2 | January 14, 2014

    To minimize interest charges, limit credit card purchases to those you can pay off in full at the end of the month. In the end you'll have more for emergency savings. http://ow.ly/FJyVP

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