Do you want to learn how to save money fast? If so, don’t worry. There are actually a ton of ways to ramp up your savings quickly (and legally!)
Maybe you are about to leave for college or maybe you have a baby on the way. Either way, if you want to save money fast, there are a few simple ways to do it. Here are some of the most effective:
1. Side Hustle
Since winning the lottery is an extremely unlikely possibility when you need to save money fast, side hustling is the next best thing. Don’t get me wrong; side hustling is not the easiest way to save money fast. It takes a lot of hard work, but it’s definitely worth it. Whether you pick up a shift at a coffee shop, learn calligraphy, teach dance, or mow your neighbor’s lawn, side hustling is all about working long hours, asking for the job, and of course, collecting the cash.
2. Cut Extras
I know it seems obvious to cancel your cable since that’s what many finance experts recommend when you need to save money, but how many people actually do it? I know it sounds crazy, but I’ve been living without cable for over 4 years now, and I don’t miss it at all. As long as you have Hulu or Netflix, you can get most of your favorite shows online. These things might seem integral to your life, but when you need to save money fast, they’re just not. Cut out the extras, the cable, the Starbucks, and the eating out and save the difference. Remember, it’s not permanent. You can always go back to enjoying life’s little extras once you have more of a nest egg.
3. Sell Everything
About three years ago, my husband and I decided to move to the Caribbean for his school. It sounds like a nice, romantic idea but in reality, it was quite a difficult transition. Not only did we both have to quit our jobs but we had to sell all of our furniture. We had a massive garage sale and liquidated everything on Craigslist. What we had left was a few wedding presents and two desks that we didn’t want to part with. I thought that selling everything would be hard and a times it was. However, I don’t miss that furniture at all now. We were able to make nearly $3,000, which gave us enough money to buy tickets the Caribbean and start our new life there.
If you need to learn how to save money fast, this is one way to do it. It might not seem pleasant at first, but your mortgage or your electricity payment is much more important than your table and chairs. You need a roof over your head in an emergency, not a chair to sit on. Once again, these things are just temporary. You can always buy thrift store or IKEA furniture to fill your house back up again once you get on your feet.
Ultimately, there are many ways to save money fast, and it’s entirely possible to do so as long as you have a great work ethic and are willing to fight for it. Good luck, and let us know if you have any questions.