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Heres a closer look at her approach, so you cantry these saving strategies for yourself.
you’re able to use a budgeting app or the old, reliable pen-and-paper method.
Looking at your spending habits will also help you find places to cut expenses.
For example, you might see that youre spending $500 monthly ondining and entertainment.
This could make you decide to cut back in that area to save more money.
Tracking your spending will make you more aware and make it easier to cut unnecessary expenses.
Similar to tracking your spending, the no-buy challenge is about being more mindful of your spending habits.
As it turns out, you probably dont need many of the things you buy.
Starting a side hustle will boost your monthly income, giving you more opportunities to save.
Even better, it can be anything that fits into your schedule and lets you earn money.
Popular side hustlesinclude:
Cruze gave the example of working as a ride-share driver for 10 hours per week.
If you earned $20 per hour doing that, that would be an extra $800 every month.
After just five months of saving your side hustle money, youd have $4,000.
That adds up to over $700 each year.
You might not even realizeall the subscription servicesyoure paying for unless you closely monitor your expenses.
Lets cancel that, she explained.
Review all your subscriptions and ask yourself if they add value to your life.
While food prices have increased significantly in recent years, there are ways to lower your food bills.
One option is strategic meal planning with affordable ingredients.
The savings frommeal planning and preppingwill add up sooner than you think.
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