Most of the money I wish I could save every month tends to go toward food, whether dining at restaurants or paying for groceries. I've been using this trick for two months and it has not only helped me stay on budget, but it's helped me save $250 extra a month. Every other dollar from their paycheck goes to savings. They put a certain amount in every month (or week) and that's what they allow themselves to spend. One Reddit user mentioned that to save money, they use their checking account as their "cash" for the month. I've noticed that some stores don't accept cash, though, or there will be some moments when I forget to bring cash with me and there's something I need to buy. I've found a great way to save money is to hide your credit cards and pay for things with cash only. Using those websites, I was able to score two kitchen chairs (those exact ones are sold for $125 each), a desk and chair (the exact set is sold for $325), a nightstand (this sells for $175), and a few other decorative items (that in total would have cost me $400). The user mentioned websites like Freecycle or Buy Nothing, where people are giving things away. There are many websites out there where you can buy other people's used stuff, but thanks to a user on Reddit, I learned an interesting way to really save money: get other people's stuff for free. Use websites that give away things for free When I went back to add up how much I would have spent not buying in bulk and buying things every week instead, I realized that in just six months, I had saved over $850. I spent a total of $200 on 20 items, ranging from toiletries to paper towels, frozen foods, and cleaning supplies, and have been able to use those items over the course of the year so far. I went to a store where I could buy some groceries and household items in bulk. I'd figure out the space issue if I could save some money. After reading a tip from a Reddit user on how buying in bulk saved them cash, though, I decided to do the same. I never thought about buying things in bulk, mostly because of storage issues. I live in a tiny apartment in New York City and it does not have a lot of cabinet or closet space. I also decided to stay open to suggestions from friends and family, which is how I started reading financial advice on Reddit.Ī friend of mine suggested I scroll through some different personal finance subreddits, and after spending hours doing that, I walked away with interesting and unique advice that's helped me save an extra $2,500 this year already. I've listened to podcasts from people who aren't experts but have made financial mistakes over the years. I started scrolling through financial advice on TikTok and found great tips on how to save more, invest smarter, and carefully vet cryptocurrency opportunities. While some of that content comes from traditional experts, like financial advisors, accountants, and my bookkeeper, I've also found myself exploring alternative resources. Because of that, I spend a lot of quality time every week consuming strategies, tips, and advice that can help me pay off credit card debt, save more cash, fund my retirement accounts, and invest. By clicking ‘Sign up’, you agree to receive marketing emails from InsiderĪs well as other partner offers and accept ourįixing up my personal finances is one of my main goals for this year.
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