9 Money Hacks To Use When You're Struggling To Get Ahead
With current inflation levels, everything seems expensive -- from groceries to everyday essentials. And when budgets get tight, finding creative ways to stretch every dollar makes the most sense.
If you're currently struggling to get ahead, here are money hacks that millions of people use to save more and spend less. The good news is that everyone can use these hacks, regardless of where they're at financially.
Watch Out: 17 Surprising Ways Penny-Pinching Can Cost More
Read Next: 5 Signs You’re Losing Money Every Month — and How To Find the Leaks
Use Free Grocery Pickup To Prevent Impulse Spending
Building an online cart can help you stretch your budget and prevent impulse spending. This is because shopping online lets you see your running total and will only add the items you actually need in your cart.
Maximize Your Library Card Beyond Books
Many libraries offer tools, expensive software access, baking supplies, equipment like sewing machines, 3D printers and even musical instruments. Some libraries let you take some of that stuff home with you for a bit. That means your library membership is potentially worth thousands in saved expenses.
Try No-Spend Challenges
Try no-dollar days and see how many days you can go without spending a dollar. Always try to beat your best record, and those savings will add up.
Shop At Thrift Stores
Most of the time you'll find quality stuff at thrift stores without a huge price tag, especially for clothing. For nonperishable household items, consider stores like Costco, TJ Maxx and Aldi, among others.
Cut Transportation Costs by Rethinking Car Ownership
For many families, downsizing to one car can save tons of money. Biking or walking short commutes can eliminate insurance, gas, maintenance and repair costs while improving health at the same time.
Fix Before Replacing
Before paying for repairs or buying a new appliance, consider fixing it. In fact, you can do most of the repairs by watching a few tutorials.
Make Food Staples Work Harder
Get a $5 Costco rotisserie chicken once a week, along with rice, top ramen, beans and eggs. This will get you through periods of tight budgets and will only cost you $50 to $60 a month for two meals a day.
Lean On Community Resources
You can find good things on Buy Nothing Facebook groups and Freecycle without spending a penny.
Lower Bills by Calling and Asking
Many people assume bills are fixed amounts. But you can actually lower them by calling and asking. Regularly call internet providers, phone companies and even insurance companies to ask for discounts or better plans. Even small reductions add up over a year, and the only real cost is a few minutes on the phone.
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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