How much money would you like to have saved for the holidays? Or your next vacation? Or your emergency fund?
Whatever your goal, the number probably seems overwhelming.
Trying to figure out where several hundred or a few thousand dollars might come from is tough. Instead, break it down. Find ways to set aside just a little bit at a time — you’ll be surprised how quickly you can move toward your goal!
To help you get started with that first step, we’ve put together a 12-month strategy to save money and work your way up to $5,000 in savings this year!
Here are 12 Ways to Save Money Each Month:
Month 1: Open a New Bank Account and Set Aside $5
Open an online savings or checking account and deposit $5. Heck, roll your quarters if you have to.
There are a bunch of great online banks, but one of my favorites is Aspiration because it offers an interest rate that is around 100 times what a normal bank offers, with no monthly fees.
You can open a savings account at your local bank, but my suggestion is to go with an online bank — you’ll be less likely to withdraw the money.
I know it doesn’t seem worth it to deposit only a few bucks, but getting started is an extremely important first step! Just trust me.
Month 2: Earn $100+ in Passive Income From These Websites
Wouldn’t it be cool to make money just for using a website or mobile app?
Some of these companies collect data to better understand web and mobile usage better — what times of day people browse, how long they stay on websites and use apps, and which types of sites and apps are popular (or not). Some others will pay you for interacting with advertisers, whether it’s by watching videos or just seeing actual advertisements.
These are our favorites, and can help you earn at least $100/year or more:
+ Swagbucks – Did you know you could get paid to watch movie previews, celebrity videos, the latest news, along with dozens of other videos? It’s pretty passive work and this company will pay you via Paypal or Amazon gift card. Can you rack up an extra $50?
+ Nielsen Panel – If you have a PC or laptop, this Nielsen panel will pay you $50/year to keep this software on your computer and browse the web like you normally do.
+ MobileXpression for Android – After you’ve installed this app for one week, you get to play an instant rewards game for a prize (everyone wins something). I won a $25 Amazon gift card, but some of the other prizes include iPads & Samsung TVs.
+ Paribus — Let this tool search your email for companies that owe you money. It’s free to sign up for Paribus, and once you do, it will scan your email archives for any receipts. If it discovers you’ve purchased something from Amazon, Target, or one of the other 16 retailers listed on its website, the tool tracks the item’s price and issues you a refund anytime there’s a price drop! You don’t have to do anything!
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