Have you ever wanted find some legit ways to save money, but you didn’t know where to start? Sometimes you need to save a lot of money in a short period of time. At a first glance, looking at your budget can be hard and you may not even know where to start. We have some great ways to save that you may not have thought of before!
You may be wondering why you would even want finds ways to save $500 a month. Think about it. If you’re trying to save to buy a house or if you just want to have a nice nest egg in place, it’s wise to save money where you can. We live in a society where people want more and more. You will find that you are probably just as happy with less.
10 Ways To Save $500 This Month
Cut cable: This is a no-brainer when it comes to the best ways to save money. The best way to get rid of your cable bill is to stay out of contracts. If you have a contract with a cable company, it’s much harder to get out of it. Once you cut your cable, you can spend $10 a month for Amazon Prime, Netflix, or Hulu to stream movies and shows, or simply do without and watch DVD’s you already own.
Cut back on going places: This is one we use around here a lot. If we need to save money, then we are very careful about where we go. Gas is cheap right now, but those dollars and pennies still add up. That means combining trips to stores, as well as avoiding eating out or outside movies and entertainment.
Go pre-paid: It’s amazing how much cheaper a pre-paid plan can be compared to a contract one. Going pre-paid can save you at least $100 a month. You can find a lot of inexpensive and quality smartphones online and invest in the SIM card for under $50. Monthly pre-paid plans are as low as $10 a month for limited use.
Shop at Aldi: I’ve noticed that just shopping at Aldi alone can cut down a grocery bill about 30%. If you don’t have an Aldi nearby, look for the best discount grocery offers as well as using things like your farmer’s market, coupons, or growing your own produce for grocery savings.
Get rid of a car payment: I’m pretty much anti-auto loan. We’ve never had one and I refuse to. Car payments can take up a huge chunk of money each month and if something goes wrong, you can find yourself paying for a car with a blown up engine (that’s what happened to my parents) or getting your car repossessed and finding yourself without transportation to work. Plus insurance on a car that is still being paid off can be much higher than a car you own outright.
Cutting your own hair: With having four boys around here, haircuts can get expensive. If I need to cut back, then cutting our own hair is where it’s at. I should have gone to school for cosmetology! A home barber kit costs less than what I would normally pay to get all four boys hair cut once. This is a ton of savings over one year. I also trim and thin my own hair, but it’s extremely long & curly. There are plenty of youtube videos on cutting your own hair if you have a forgiving hair style in case of an oops.
Cut back on extra-curricular activities: I know this one can be tough, but if you’re choosing between buying groceries or taking your child to an extracurricular activity, it’s always wise to make the first choice. If you are a part of a private club, fees can be hugely expensive! Think of fun DIY outdoor games you and do at home instead.
Find a cheaper place to live: This may seem extreme, but finding a cheaper place to live can easily help you to save $500 or so a month. If expenses are tight and you need to make a move, then consider this option. Downsize your space or move to a less affluent part of town. Even a one year move can save your family thousands of dollars.
Go on a spending freeze: A spending freeze is where you do not buy anything. No large purchases can be made and you must eat out of your kitchen. It’s amazing how much Americans spend on a day to day basis without even realizing how quickly those small purchases add up.
Learn to upcycle. So many things can be used again, saving tons of money in your budget. One of my favorite ways to save money is to upcycle clothing for my kids. Most of the time we can find hand me downs or thrift items in great shape and simply hand them down to each child until they have all outgrown the size or the item is too worn to use. You can even add things like patches, dye, or other upgrades to make items look and feel different much less expensively than buying all brand new clothing.
Saving money where you can is important for so many reasons. If you have never had to cut back or try to find ways to save $500 a month, then I encourage you to try. It’s amazing how hard it seems, but how easy it can be. However, I’m a firm believer that anything is possible if you put your mind to it.
Other Ways To Save Money:
- 10 Ways To Save Money On Car Insurance
- 7 Ways To Save Money At Barne’s & Noble
- How To Save Money Without Couponing
- 10 Ways To Become Financially Stable
Subscribe to snag your FREE Printable!
Subscribe to grab your FREE Monthly Bill Tracker Printable and receive our newsletter full of ways to manage your finances and save money!