Creative Savings Plan Strategies

Creative Savings Plan Strategies

Saving money is tough. Maybe you aren’t earning enough, your current financial obligations have exceeded your income, or you just need extra cash. When the traditional methods aren’t adding up, this is where we have to get creative to hit your financial goals. Here’s a list of our top proven strategies.

A. Selling unused clothes (Poshmark), electronics (eBay)

B. Stop spending (only make purchases on things that are needed)

C. Reduce your cable, phone plan, and any monthly subscription that’s not needed

D. Thrifting (my personal favorite)

E. Automate your savings (have a % of your paycheck go directly into your savings account)

F. Use credit cards the correct way (don’t carry a balance. I’ll cover this in another section)

G. Couponing

H. Grocery shop at Aldi’s, Marc’s (avoid Giant Eagle and Heinen’s)

I. Carpool

J. Meal prep

K. Limit trips to your favorite restaurants

L. Reduce or cancel your gym membership (consider Planet Fitness)

M. Cancel any subscription that’s not being used nor needed

N. Celebrate your monthly wins by doing things that are “free”

O. Master the 10-second rule (prior to making an impulse purchase, take a deep a breath)