Tips to Finding an Extra $10 Every Month to Invest or Pay Down Debts

Do you find yourself using “not enough money” as an excuse for not investing or saving for emergencies or retirement? We have compiled a list of ways you can save some extra cash to help improve your money situation. Even just $10 a month can make a difference.

  1. Pack a lunch every other day. Eating out typically costs $5-10 per meal. Packing your lunch can cost as little as $1-3. Doing so twice a week is an easy way to find $10.
  2. Clean out your closet. Want to get rid of those unwanted clothes? Try selling them somewhere like varage sale before you throw them in the trash.
  3. Put a freeze on your gym membership. Instead of going to the gym this month, enjoy the weather and exercise outside.
  4. Have a yard sale. Let’s face it, you probably have $10 worth of unwanted stuff in your closet, right?
  5. Stream your tunes. Services like Spotify have made saving money even easier when it comes to listening to music online. If you buy $20 worth of music a month, good news. Spotify costs $10 a month.
  6. Turn off the tap when you brush your teeth. If you leave the water running during that time — morning and night — that’s eight gallons of water a day that you can save. Do the math.
  7. Ditch the delivery. Sure, there’s nothing quite like delivery pizza, but you can save time and money by cooking up a frozen one instead. You can save $15 every time you preheat the oven instead of calling Papa. If you eat a lot of pizza, you can even just pick it up every time and save $5.
  8. Cut out two trips to Starbucks. The average cost of a latte is $4.50. Skipping that twice a week could help you feed three children a month.
  9. If Starbucks is a must – stick with coffee. The $2 a day you save by buying a coffee rather than a cappuccino or latte would allow you, over the course of a week, to save $10.
  10. Visit your local library. Thinking about purchasing a book? Check out the library before you head to the store.
  11. Grab a reusable water bottle. If you frequently buy water at the gas station or the grocery store, you could save money in the future with a reusable bottle and a water filter instead. Think about the impact we could make if we started filling up reusable bottles instead!
  12. Cut back on unused data. If you regularly go over your data limits, well that’s $10 each month that happens with most providers. If you just forget, set a limit on your phone so you don’t go over.
  13. Consider Cable Alternatives. Cable can cost around $100 each month. While alternatives like Hulu and Netflix cost only $10 per month.
  14. Make a grocery list and stick to it. Studies have found when you avoid tossing frivolous (and likely unhealthy) items into your cart, you could save up to $40 a week.
  15. Eat out one less time each month. If it costs you $15 to eat out, but only $5 to eat in, then use the extra $10 you save for something more important than convenience.

Let us know if you have used some of these tips to make a small difference in your financial circumstances, or if you have other creative ways of saving a few dollars, we want to hear them!

Original article: