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When you live paycheck to paycheck, saving an additional $100 a year may seem like a high feet to accomplish. However, saving just $100 extra a year puts you into the habit of saving and puts you out on top the following year. Here are the top 10 ways to save $100 a year.
Money Saving Tips – Top 10 Ways to Save $100 a Year
#1 Save Money Monthly
Probably the simplest way to save $100 a year is to take $10 a month out of your account and put it in savings. You can take out a couple of dollars from every paycheck or just take the whole amount out at once. This will give you $120 by the end of the year. To boost your account, even more, use Digit.
#2 Earn Free Amazon Gift Cards
You can buy just about everything on Amazon am I right? Wel if you had Amazon Gift Card could get those items with the gift cards and take the cash you had budgeted and put it in savings. I put a list together of 45 places I earn Amazon Gift Cards from and many also offer to let you cash out via PayPal for cash.
#3 Cut Back on Eating Out
If you want to save an extra $100 a year out of your budget, cut back on eating out. Each time you eat out with your family, you are paying at least 20% more than you would eating at home. Save your money and make freezer meals instead. We started by challenge out selfs to eat out one less time than we did the month before. By the end of the year, we were only eating out for special occasions.
#4 Sell your Electronics
I don’t know about you, but I use my phone’s computer more than I do my desktop. If you have any old electronics just sitting around collecting dust, and what about all your old phone? I think I have at least my last 4 phones! You can easily make $100 in a year by getting rid of the electronics you won't use! There are 2 ways. First, you can use the Amazon Trade-in Program; they are easy to use, and you get back an Amazon Gift Card. You can use this to off set other budgets like diapers, cleaning supplies, etc. and put the money from those budgets into savings. That is the easiest way. Another way is to sell electronics on local Facebook buy and sell groups or Craigslist.
#5 Cut Out Cable
Really in this day in age, you don't need cable TV or Satellite TV. Between Netflix and Hulu you can get any of the shows you need. What isn't on there you can find on Amazon Prime Video Streaming. You can rent movies or buy whole TV season of TV shows on Amazon Prime as well; you can earn free gift cards (as mentioned in #2 above) to pay for these. Plus if you sign up for the RedBox text alerts they send codes out for free one-night rentals all the time.
#6 Get Rid of the House Phone
How often do you REALLY use your house phone? I'm willing to bet you get more telemarketers on it then you do people actually calling you. If you use your cell phone more then your house phone it's time to ditch the house phone and save money! Worried about the amount of minutes you will use on your cell phone plan? Republic Wireless has plans with unlimited minutes and texts for only $10!
#7 Use Wi-Fi Instead of Data
If you want to save money throughout the year, cut back on your data plan. This means you won’t get as much internet outside of Wi-Fi, but let’s face it; most restaurants, stores, and fast food places have Wi-Fi so that you won’t be out of range for long. Just make sure your wifi plan is flexible and you can up your plan any month your use more data than lower it the month after!
#8 Save a $100 a Year Walking
We all need to get more exercise. Instead of hopping in your car to go two blocks away, walk or ride a bike to your destination. You use more gas starting your car than you do driving it long distances, so save your gas for longer trips. Plus it will help you lose that weight that keeps holding on.
#9 Use eBates when Shopping Online
You can easily save $100 a year getting money back on the things you buy. I especially love using eBates because when you shop stores that are already inexpensive like Walmart and Target, you can still get up to 15% cash back!
#10 Make a Budget
Don’t ever leave the house, or buy anything without putting it into your monthly budget. Impulse buying contributes to more than $100 a year being blown. Instead, save that money by not spending it on impulsivity.
When it comes to saving $100 a year, it isn’t that hard to do if you set your mind to it. What other ways have you saved money this year?