10+ Methods That Helped Young People Make a Fortune

Do you ever feel like there’s too much “month” left at the end of your paycheck? Where does it all go anyway? If you don't track your money daily, you should start doing it! Set aside a specific time each day to check your transactions and see if you’re on track. It doesn’t have to be an inconveniently long time – 60 seconds is enough.
And what about your credit cards? Are you smart enough with them? If you have to use a credit card, get one that pays you. Look for a card that offers cashback rewards. Some offer the following deal: for every $100 you spend, you get $1 back. Interested? Check out these effective budgeting methods if your money is having a hard time finding its way into your savings account!
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A Simple Trick on How to Save Up A Lot of Money Fast &
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10 Driving Hacks That'll Make You Spend Less On Gas &
TIMESTAMPS:
Tell your money where to go 0:22
Track your money daily 0:57
Eat at home 1:21
Stay up with sales 2:04
Go thrifting 2:32
Always shop alone 3:08
Spend your cash and keep the change 3:38
Cut the cable 4:14
Never buy new 4:51
Be smart with credit cards 5:34
Have an emergency savings fund 6:10
Pay off debt 6:46
Give monthly towards your holiday savings 7:29
Set specific savings goals 8:03
Accept hand-me-downs 8:36
Live with your parents 8:59
Take advantage of your local library 9:30
#savingmoney #money #brightside
Preview photo credit:
Vienna, Austria, November 2018: messy household with a mattress on the floor, life from a suitcase lifestyle concept: By Agatha Kadar/Shutterstock.com,
THREE BILLBOARDS OUTSIDE EBBING, MISSOURI, from left: Sam Rockwell, Sandy Martin, 2017: By Merrick Morton/Fox Searchlight/Everett Collection/EAST NEWS,
Animation is created by Bright Side.
SUMMARY:
- Sort your expenses into categories (rent/utilities, groceries/personal expenses, and fun extra stuff), and make cuts where you can.
- The average American spends $230 a month just on eating out! Fast food may seem cheap, but cooking at home is way more wallet-friendly.
- Purchase more expensive foods like meat at a discounted price, and plan your menu around that. Buy in bulk when you can.
- If your brain is already on Sales Mode, then kick the savings up by hitting some thrift stores at the right time.
- Instead of going to the store with your debit card in hand, try withdrawing cash in the exact amount you budgeted to spend. This will keep you in check if you’re tempted to make an impulse purchase.
- The average person spends about $85 a month on cable. Satellite owners spend a bit more, topping off at $100 per month.
- You should go second-hand with your car too. A brand-new vehicle loses 10% of its value during the first month of ownership, beginning immediately after you drive it off the lot.
- With all the extra money you’ll soon be saving, you can put the surplus towards an emergency savings fund. The minimum amount for this account should be $1,000.
- There’s no greater bargain than receiving a whole new wardrobe for free, without having to step foot in a retail store! If certain hand-me-downs don’t work for you, simply pass them along.
- Living with your folks can also help you save money for the future, whatever your plans might be. Owning your own home, traveling and seeing the world, it’s up to you.
- Museums and zoos typically have community days or nights, when their entrances are FREE. Check their social media pages for those days and details.
Music by Epidemic Sound
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