How to Save Money Fast

how to save money fast

Sometimes, we need to save money in a pinch. Perhaps there’s something we really want to do like attend Martha’s bachelorette party in Vegas this September, something we want to get like that cute Kate Spade bag that’s being retired after this year, or something we need to unexpectedly replace like the iPad I broke last week (seriously, I did, and cried…). There are times in our life where we simply need to save money fast. But, how do we do it?

There are a ton of saving money techniques, many of which we’ve talked about already. But when it comes to saving money fast, here are the best ways that I know how to do it.

Make More Money

Adding additional income is one of the easiest ways to make money fast. Not only does it give you more money, but it doesn’t require you to take anything away from the mix. And quite honestly the additional time you spend working will probably spend working will likely give you less time to spend money.

That said, if you’re in a time crunch — meaning you don’t have the extra time to dedicate to working or making money on the side of your day job then this method might not be the best for you. At the end of the day, this is definitely the most labor-intensive of all the options.

Reduce Your Spending

Besides upping your income, there really is no better way to save money fast than simply reducing your spending. Spending less money means you automatically have more money to spend.

Either way, the money’s in your bank account, but if you don’t let it leave in the first place then it’s there to save!

To reduce your spending, cut all unnecessary purchases like drinks with the girls, those morning coffees and your once-a-week In Touch magazine (is that still a thing). If you stop spending money on these items you’ll be surprised how fast the money starts to come in!

Cut The Bills

Whether you need them or not, chances are there is a way to cut your regular payments — everything from your phone and internet, to that Hulu subscription you don’t watch because you favor Netflix — chances are you have plenty of ways to save right there waiting for you to discover them.

I once did a zip through my credit card expenses and found money I didn’t even realize I was spending. Cutting some of these unnecessary expenses can help you save money fast!

Plus, do you really need that FabFitFun subscription? JK, I totally do!

Start Budgeting

Budgeting helps save money fast because it pre-allocates the money you already have to make sure it’s used in the best way possible for you. While it can be a really intimidating process, once you get the hang of it, it’s actually a great activity to get into!

Budgeting is really most helpful when it comes to making money-related cuts and more efficient spending the money you already have.

You Can Save Money Fast

You absolutely can make money fast, but it’s going to take some work. If you’re willing to put a little effort into it, you can definitely get it done!

Have you had success in saving money fast? Share with me your best tips in the comment below!

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