Six Only Slightly Painful Ways to Find More Money in Your Budgetby blogpointclub
There are few people in today’s day and age who would say they wouldn’t want to save a little money here and there. But most people think they need to take huge steps to do so. But as stated in the Tao Te Ching, “A journey of a thousand miles begins with a single step.”
Saving money begins with single steps, and as Dory said, “Just keep swimming.”
If you’re a PointClub member and/or reading this blog, you are probably utilizing different options for making or saving money, like completing our surveys for cash or gift cards. We thought we would share some tips we’ve heard to help you save, too.
The old cash in envelopes method.
Studies have shown that with the introduction of credit cards and debit cards connected to bank accounts, people tend to spend more money because there is less tangibility to “card money.” Whereas if you had to make sure you had cash on hand, you’re much more conscious of what you spend.
That being said, decades ago budgeting often happened simply by dividing up your funds and setting them aside until needed. It worked then, and it might work now for you. Leave available funds in your account for incidentals, but for expenses you know are set, get the cash and set it away. Deposit it when you’re ready to pay the bill.
Speaking of electronic bank accounts, use them to add to your savings.
While different banks use different branding terms, many offer the “roundup” savings option. Did your coffee come to $6.75 this morning? Your bank will deduct $7.00 and that extra $0.25 will slide right over to your savings account.
And try to forget about it. Out of sight, out of mind. When a little extra money might be needed, see what you’ve got saved. It might surprise you.
Speaking of savings (like how we’re doing that?), take full advantage of your employer’s retirement investment match.
It’s surprising just how many people don’t take advantage of their employer’s investment match. If your employer says they will match 100% of the first 5% you invest, you’re wasting an opportunity if you allocate anything less than 5% of your paycheck. How much employers will match, and at what match level, will vary between employers. If you don’t know what that match is, or know you’re not doing all you can, consider it.
Don’t think of surprise cash as a surprise spending spree.
Did you get a bonus at work? An inheritance from your Great Aunt Bertha, twice removed, you hadn’t expected? A larger tax return than expected? Don’t think of that as a new pair of shoes or wardrobe upgrade, or a surprise weekend in Vegas.
Bank it. If your budget allocations met your needs, then consider the bonus just that. A bonus. Put it right into your savings and let it work for you until you’re ready to use it.
Save all your loose change.
Some people do this daily, some do it weekly. Whichever way you decide to approach it, take all that loose change from your pocket and put it in a piggy bank. Or if you’re ambitious, one of those big, empty water bottles. You’d be surprised just how much one of those bottles can hold!
Empty those pockets, or the change pouch in your purse, and let it go. (You’ll also be surprised how much lighter your purse will be!)
Electronic coupons are a thing.
Many chain groceries are switching from, or in addition to, paper coupon flyers to electronic coupons you access through an app. The cool thing is sometimes these special coupon prices aren’t advertised in any other way. Did you even realize the person in front of you in line – buying the same 5 bottles of cold brew coffee – saved $2.00 more than you just by using an app?
Crazy, right? Crazy, maybe, but why not take advantage? Some of the apps also let you create your grocery list before you go, right on the app, and the app will tell you where to find every item in the store. The benefits to shopping with a list are two-fold. First, if you can stick to your list, you won’t spend more than expected. Second, if you stick to a list you won’t forget things and have to make other trips. And you always seem to buy more on that second trip than the one or two things you forgot.
Funny how that works!
We hope you might find one or two of these options as something you’d be willing to try. Maybe try all of them. And keep doing our surveys to earn rewards with PointClub!
When considering your options, you should know the following about PointClub:
- Not every panelist is eligible to complete every survey; a fact we’ve already discussed. If you try, but are deemed ineligible, Captain PC has the authority to grant you points regardless of completion.
- We grant signup bonuses and extra points for completing your initial panelist dossier.
- We have one of the lower payout thresholds at $25, which you can take as payment to a Paypal account or through a variety of gift card offers.
- We give away points every day via our Facebook page. Don’t leave out that daily checkin!
Haven’t signed up yet? Now is a great time to begin earning that extra pocket cash! Join Pointclub today!
If you have questions on your account, or need clarification on any process, please Contact Us and we’ll be happy to help.