One of the biggest problems that many millennial’s face is finding fun in strategic ways that they can actually save money to pay down debt or save money for future costs and emergencies. Saving money is just something that can be a necessity but by using some of these strategies you could potentially reduce your debt and save in a way that can be a little less like a chore:
Create a cash only strategy: take out cash at the start of the week or when you receive your paycheck and keep the idea in your mind that this is the only cash you have to spend on groceries and necessities. By sticking to a cash only spending habit you can actually see how much money you’re spending and you will make more sound decisions with your money. It can be a unique challenge or experiment that you can try and you might be surprised at how much you save.
Save small bills: if you’ve adopted the cash strategy begin saving some of your five dollar bills. If you pay for a pack of gum with $20 and receive a five and a $10 bill back with a few ones, stashing this five dollar bill into a separate fund could help you to really build up a stash and save money over time.
Challenge yourself to cut costs: If you find yourself regularly using cable go without it and find creative ways that you can watch the shows you enjoy by going over to friends houses, heading down the local bar or enrolling in a much cheaper service like Netflix or Hulu.
Adopt a maker lifestyle: you might be surprised at how much money you can actually say by making certain items at home yourself. Something as simple as baking your own bread, growing some of your own food or even going fishing or hunting from time to time can help you save money and help you try out her brand-new hobby. You can even create some of your own household cleaning supplies to save an extensive amount of money on your cleaning bill.
Keep some of these top ideas in mind for how you can consider saving money in a fun way that can be used to pay off debts and more.