8 Ways to Save Money When You Don’t Have a Lot to Begin With

8 Ways to Save Money When You Don’t Have a Lot to Begin With

I get asked a lot how I manage to save money and stick to budgets, which is always a flattering question. Over the past few years, I’ve found that there are a lot of ways to save money if you’re willing to put in the effort. Here are my top-seven ways to save each month:

  • Rollover Change Programs

One of the most useful ways to save requires no thought on my part. Depending on your bank, you might be able to have your debit purchases round up to the nearest dollar amount and place the remaining change in your savings account.

  • Take in Your Recycling

Taking in your recycling each week or month is another way to add some extra money to your savings jar. Whatever you get back, just put it into an envelope or jar each month for a dedicated purpose, and don’t pull from it unless you have to.

  • Cut Back on Your Subscriptions

I’ve talked about this in other posts, but your monthly subscriptions can really add up—it’s time to look at what you really need or use all the time, and cut back on services that aren’t as important.

  • Place a Set Amount of Your Paycheck in Savings

Many financial blogs will recommend putting 10%-20% of your paycheck into savings, which might not be possible depending on your financial situation. At the very least try to put $5-$25 per paycheck into your savings account. While it might not sound like a lot, you’ll still get into the habit of putting money away each time you get paid—leaving you with money to draw on when you need it.

  • Take on a Part-Time Job

If you’re able to take on an additional part-time job in the evenings or on weekends, you can use that money to put into savings. Holiday retail jobs or summer jobs, for example, can often bring in extra income that you don’t have going to your regular bills. Other jobs like Lyft or Uber, Air BnB, or even Wag, a dog walking service, can bring in extra cash in your spare time. It might be hard to remember once you get your paychecks, but this money should go straight to your savings.

  • Live Within Your Means

A lot of us might think we’re living in within our means, but we often have high-priced items, weekly dinners out, or social spending that put the financial strain on our resources. By sitting down and working through a budget for weekly expenditures (weekly is easier to keep track of than monthly), we can sort out how much we can spend each week and how much we should try to save—which will be a good budget reminder when we’re making plans or wanting to splurge.

  • Let Your Friends Know You’re Saving Money

It can be hard to save when your friends like to go out often, especially when you’re feeling pressured to financially keep up. There’s no shame in letting your friends know you’re working to save up money, and have to cut back on expenses. If they want to go to dinner before going out for the night, skip dinner and eat at home, and then meet up with them later. If they’re looking at an expensive concert, let them know that you’d love to go, but it’s not in your current budget. Even though people rarely talk about money, most find themselves in the same position where they struggle to save, and by letting them know up front, you won’t offend them by skipping the more expensive parts of the evening and still getting in quality time.

If you are interested in improving your quality of life, I recommend you should read  Rich Dad Poor Dad. Robert Kiyosaki, author of Rich Dad Poor Dad – the New York Times bestsellers list for over six years – is an investor, entrepreneur, and educator whose perspectives on money and investing fly in the face of conventional wisdom. I’ve enjoyed listening to the author’s life experiences growing up and learning from both his rich dad and the poor dad. This book has really given me a lot of insight and has altered my way of thinking in a positive manner. I hope to apply the knowledge I’ve acquired from this book to my own life. Success is the result of many failures!


Amy Nguyen

Amy Nguyen

I feel happy to share my experiences with you about Travel - Food - Life around the world. I hope to inspire you to Live-Love- Laugh :)



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