{"id":5274,"date":"2020-04-03T14:15:50","date_gmt":"2020-04-03T21:15:50","guid":{"rendered":"https:\/\/blog.neighbor.com\/storage-blog\/save-money-fast\/"},"modified":"2024-01-29T17:46:57","modified_gmt":"2024-01-30T00:46:57","slug":"save-money-fast","status":"publish","type":"post","link":"https:\/\/www.neighbor.com\/storage-blog\/save-money-fast\/","title":{"rendered":"12 Ways to Save Money (Fast)"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body><p class=\"wp-block-paragraph\">There are plenty of ways to bring new money <strong><em>in. <\/em><\/strong>Taking on another&nbsp;<a href=\"https:\/\/www.neighbor.com\/storage-blog\/side-hustle-no-hassle\/\">side hustle<\/a>, <a href=\"https:\/\/www.neighbor.com\/host\/rent-my-driveway\">renting out your driveway<\/a>, <a href=\"https:\/\/www.neighbor.com\/storage-blog\/renting-rv\/\">renting your RV<\/a>, and <a href=\"https:\/\/www.neighbor.com\/storage-blog\/how-to-make-money-on-the-internet\/\">making money online<\/a> are just a few ideas for boosting your income.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But what about controlling how much of your money goes <strong><em>out<\/em>?&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sure, the financial gurus preach that your expenses should <a href=\"https:\/\/www.koho.ca\/learn\/expenses-larger-than-income\/\" target=\"_blank\">never exceed your income,<\/a> but what if the age-old advice <em>&ldquo;save more money&rdquo;<\/em> just isn&rsquo;t cutting it for you? If you&rsquo;re looking for more actionable tips on how to reduce expenses, we have expert-approved advice on how to save money&hellip;fast <em>(That isn&rsquo;t generic or vague).<\/em>&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Saving money shouldn&rsquo;t feel like a full-time job (or even a part-time one). <em>Remember: <\/em>spending countless hours clipping coupons by hand isn&rsquo;t the only way to cut costs. For money-saving tips that are as <strong><em>time-efficient<\/em><\/strong> as they are <strong><em>cost-efficient<\/em><\/strong>, read on!&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"a9do3\"><span id=\"the-cost-cutting-strategies-you-need-to-know-about\">The Cost-Cutting Strategies You Need to Know About&nbsp;<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Regardless of what catalyzed your sudden interest in saving, <em>there&rsquo;s no time like the present to start saving.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Whether <a href=\"https:\/\/www.cruzely.com\/how-much-a-cruise-costs-in-2020\/\" target=\"_blank\">you&rsquo;re saving up for a five-night cruise <\/a>or saving up for retirement, there are ways to achieve your savings goals:&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Audit Yourself<\/li>\n\n\n\n<li>Make Your Savings Automatic<\/li>\n\n\n\n<li>Consolidate Debt<\/li>\n\n\n\n<li>Use &ldquo;Spending&rdquo; Cash<\/li>\n\n\n\n<li>Use the 24-Hour Rule<\/li>\n\n\n\n<li>Go on an Amazon Detox<\/li>\n\n\n\n<li>Get Off Social Media<\/li>\n\n\n\n<li>Switch to a Cheaper Cell Phone Plan<\/li>\n\n\n\n<li>Use Coupons<\/li>\n\n\n\n<li>Plan Your Grocery Shopping<\/li>\n\n\n\n<li>Put Air in Your Tires<\/li>\n\n\n\n<li>Use a Water Filter<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"15gmp\"><span id=\"1-save-on-storage\">1. Save on Storage&nbsp;<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">As of May 2022, almost <a href=\"https:\/\/www.neighbor.com\/storage-blog\/self-storage-industry-statistics\/\">10% of all U.S. households<\/a> are currently renting a storage unit. With millions of Americans paying rent on a storage unit <em>every month<\/em>, it&rsquo;s not unlikely that<em> your family<\/em> is one of the countless families <strong>overpaying for storage.&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Neighbor&rsquo;s Self Storage Statistics guide, the average monthly cost of a traditional 10&rsquo;x10&prime; storage unit, <a href=\"https:\/\/www.neighbor.com\/storage-blog\/what-are-the-most-popular-storage-unit-sizes\/\">one of the most popular storage unit sizes<\/a>, hovers around $94.28 per month. However, when renters leverage the sharing economy to their advantage and opt for a peer-to-peer storage marketplace like <a href=\"https:\/\/www.neighbor.com\/\">Neighbor<\/a>&mdash;rather than traditional storage facilities&mdash;they can save up to 50% on monthly storage costs.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Saving money is as simple as ending your current storage unit lease and booking storage through Neighbor&rsquo;s easy-to-use platform. As a bonus, with a peer-to-peer storage option, you&rsquo;ll not only save money&mdash;<em>but time, too<\/em>. Rather than driving 15 minutes to an off-site storage site, you can find storage options in your very own neighborhood.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"15gmp\"><span id=\"2-use-spending-cash\">2. Use &ldquo;Spending&rdquo; Cash<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you&rsquo;re looking to save money fast, using cash <em>exclusively <\/em>is a great start. Rather than walking around with a debit or credit card&mdash;a debit card you can mindlessly (and endlessly swipe)&mdash;allot yourself a weekly allowance you cannot go above. Then, withdraw this amount from an ATM. With only physical cash to spend, you&rsquo;ll be able to curb your frivolous spending habits.  <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>But how?<\/em> Because there is something about using cash versus a plastic card. Using cash feels more substantial and gives you a moment of pause before purchasing something you probably don&rsquo;t need. Plus, cash is a physical manifestation of your hard work. For this reason, you find yourself feeling more protective over your hard-earned dollars, which will help you limit your spending. <\/p>\n\n\n\n<html><body><div id=\"in_post\">\n    <a href=\"https:\/\/www.neighbor.com\/host\" onclick=\"rudderanalytics.track('press editorial cta button', {location: 'first in post', version: '2.0'}, () =&gt; { console.log('track call'); });\">\r\n  <div class=\"first-in-post-cta\">\r\n    <header>\r\n      <h2 id=\"can-we-pay-you-to-store-vehicles\">Can we pay you to store vehicles?<\/h2>\r\n    <\/header>\r\n    <section>\r\n      <div class=\"service-option\">\r\n        <div class=\"service-option-icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"60\" height=\"60\" viewbox=\"0 0 60 60\" fill=\"none\">\r\n            <path d=\"M26.7552 20.0573C26.2911 20.9853 26.2499 22.3578 26.2499 24.375H33.7499C33.7499 22.3577 33.7088 20.9853 33.2448 20.0573C33.0557 19.6792 32.8 19.3973 32.3888 19.1841C31.9442 18.9535 31.2108 18.75 30 18.75C28.7892 18.75 28.0558 18.9535 27.6112 19.1841C27.2 19.3973 26.9442 19.6792 26.7552 20.0573Z\" fill=\"#005EB8\"><\/path>\r\n            <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M28.0777 4.32887C29.3195 3.87732 30.6805 3.87732 31.9223 4.32887L48.7973 10.4652C51.0173 11.2725 52.5 13.3777 52.5 15.7462V33.1425C52.5 33.7407 52.4058 34.3605 52.1888 34.9629C47.861 46.9738 35.9939 53.5676 32.1164 55.464C30.7986 56.1086 29.2843 56.1505 27.9278 55.5549C23.9729 53.8185 12.0728 47.6941 7.77513 34.8948C7.58399 34.3255 7.5 33.7394 7.5 33.1762V15.7481C7.5 13.3807 8.98165 11.2729 11.2027 10.4652L28.0777 4.32887ZM22.4998 24.1662L22.4999 24.375C20.4289 24.375 18.75 26.054 18.75 28.125V35.625C18.75 37.6961 20.4289 39.375 22.5 39.375H37.5C39.5711 39.375 41.25 37.6961 41.25 35.625V28.125C41.25 26.0539 39.5711 24.375 37.5 24.375L37.5 24.166C37.5016 22.4546 37.5037 20.19 36.5989 18.3802C36.0848 17.352 35.2859 16.4621 34.115 15.855C32.9776 15.2652 31.6017 15 30 15C28.3983 15 27.0224 15.2652 25.885 15.855C24.7141 16.4621 23.9152 17.352 23.4011 18.3802C22.4961 20.1901 22.4982 22.4547 22.4998 24.1662Z\" fill=\"#005EB8\"><\/path>\r\n          <\/svg><\/div>\r\n        <h3 id=\"list-your-unused-space\">List your unused space<\/h3>\r\n        <p>People are earning $1,000s per year from their garages and outdoor space.<\/p>\r\n      <\/div>\r\n      <div class=\"service-option\">\r\n        <div class=\"service-option-icon\">\r\n          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"60\" height=\"60\" viewbox=\"0 0 60 60\" fill=\"none\">\r\n            <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M13.125 9.375C11.0539 9.375 9.375 11.0539 9.375 13.125V46.875C9.375 48.9461 11.0539 50.625 13.125 50.625H46.875C48.9461 50.625 50.625 48.9461 50.625 46.875V13.125C50.625 11.0539 48.9461 9.375 46.875 9.375H13.125ZM28.125 16.875C28.125 15.8395 28.9645 15 30 15C31.0355 15 31.875 15.8395 31.875 16.875V20.625H35.625C36.6605 20.625 37.5 21.4645 37.5 22.5C37.5 23.5355 36.6605 24.375 35.625 24.375H26.25C25.2145 24.375 24.375 25.2145 24.375 26.25C24.375 27.2855 25.2145 28.125 26.25 28.125H33.75C36.8566 28.125 39.375 30.6434 39.375 33.75C39.375 36.8566 36.8566 39.375 33.75 39.375H31.875V43.125C31.875 44.1605 31.0355 45 30 45C28.9645 45 28.125 44.1605 28.125 43.125V39.375H22.5C21.4645 39.375 20.625 38.5355 20.625 37.5C20.625 36.4645 21.4645 35.625 22.5 35.625H33.75C34.7855 35.625 35.625 34.7855 35.625 33.75C35.625 32.7145 34.7855 31.875 33.75 31.875H26.25C23.1434 31.875 20.625 29.3566 20.625 26.25C20.625 23.1434 23.1434 20.625 26.25 20.625H28.125V16.875Z\" fill=\"#005EB8\"><\/path>\r\n          <\/svg>\r\n        <\/div>\r\n        <h3 id=\"approve-your-renters\">Approve your renters<\/h3>\r\n        <p>You're in control. Approve who rents and the hours of access.<\/p>\r\n      <\/div>\r\n      <div class=\"service-option\">\r\n        <div class=\"service-option-icon\">\r\n          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"60\" height=\"60\" viewbox=\"0 0 60 60\" fill=\"none\">\r\n            <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M31.2776 51.9974L31.7666 51.5417C32.0789 51.2503 32.527 50.8317 33.0706 50.3224C34.1576 49.3041 35.6276 47.9224 37.158 46.4698C40.1682 43.6127 43.5576 40.3461 44.596 39.1282C46.7163 36.6414 48.1719 33.6468 48.8127 30.4251C49.5529 26.704 49.173 22.847 47.7211 19.3418C46.2692 15.8366 43.8105 12.8407 40.6559 10.7329C37.5015 8.62514 33.7942 7.5 30.0001 7.5C26.2061 7.5 22.4973 8.62504 19.3428 10.7329C16.1882 12.8407 13.7295 15.8366 12.2776 19.3418C10.8257 22.847 10.4458 26.704 11.186 30.4251C11.8268 33.6468 13.2824 36.6414 15.4027 39.1282C16.4411 40.3462 19.831 43.6128 22.8415 46.4698C24.3721 47.9224 25.8422 49.3042 26.9294 50.3225C27.4731 50.8318 27.9212 51.2504 28.2336 51.5418L28.723 51.9979C29.4428 52.6672 30.5579 52.6668 31.2776 51.9974ZM28.723 51.9979C28.723 51.9979 28.7232 51.998 30.0001 50.625L28.723 51.9979ZM30.0001 50.625L31.2776 51.9974C31.2776 51.9974 31.2771 51.9979 30.0001 50.625ZM30 32.8125C33.6243 32.8125 36.5625 29.8744 36.5625 26.25C36.5625 22.6256 33.6243 19.6875 30 19.6875C26.3756 19.6875 23.4375 22.6256 23.4375 26.25C23.4375 29.8744 26.3756 32.8125 30 32.8125Z\" fill=\"#005EB8\"><\/path>\r\n          <\/svg>\r\n        <\/div>\r\n        <h3 id=\"get-paid-monthly\">Get paid monthly<\/h3>\r\n        <p>Sit back and collect automatic payments each month.<\/p>\r\n      <\/div>\r\n    <\/section>\r\n    <footer>\r\n      <button>Learn more about hosting <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" fill=\"none\">\r\n          <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M18.8304 5.17619L4.55227 11.6663H11.1779C11.8199 11.6663 12.3404 12.1867 12.3404 12.8288V19.4543L18.8304 5.17619ZM19.029 3.43822C20.0069 2.99374 21.0129 3.9997 20.5684 4.97757L13.0612 21.4935C12.5438 22.6316 10.8404 22.2627 10.8404 21.0124V13.1663H2.99417C1.74398 13.1663 1.37497 11.4628 2.51312 10.9455L19.029 3.43822Z\" fill=\"#EFF5F8\"><\/path>\r\n        <\/svg><\/button>\r\n    <\/footer>\r\n  <\/div>\r\n<\/a>\n  <\/div><\/body><\/html><h3 class=\"wp-block-heading\" id=\"bm5ar\"><span id=\"3-put-air-in-your-tires\">3. Put Air in Your Tires<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This tip may sound odd, but adequately inflated tires can save you a surprising amount of money on gas. Invest a few quarters into an air machine and track the dollars you save.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the NHTSA (National Highway Traffic Safety Administration), &ldquo;properly inflating your tires can save you as much as <a href=\"https:\/\/www.verifythis.com\/article\/news\/verify\/money-verify\/tire-pressure-inflation-gas-mileage-increase-fact-check\/536-b682f751-9cd9-4afa-a6c6-72c4dc1129ae\" target=\"_blank\">11 cents per gallon<\/a>&hellip;&rdquo;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"81lv\"><span id=\"4-switch-to-a-cheaper-cell-phone-plan\">4. Switch to a Cheaper Cell Phone Plan<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">You may be overpaying for your cell phone plan. Do some research and talk to your friends about what they are paying. If you are paying substantially more, either talk to your carrier or consider switching to a new cell phone provider.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If your current carrier suspects that you plan to switch carriers, they may offer you a better rate just to win back your business. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For other <strong>tips on how to cut your cell phone bill by up to 50%<\/strong>, check out <a href=\"https:\/\/www.cnbc.com\/select\/how-to-cut-your-cell-phone-bill-costs\/\" target=\"_blank\">this article<\/a>. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"81lv\"><span id=\"5-spend-less-time-on-social-media\">5. Spend Less Time on Social Media <\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Platforms like Facebook and Instagram are hotbeds for targeted ads. Experts estimate that we encounter <a href=\"https:\/\/adlock.com\/blog\/how-many-ads-do-we-see-a-day\/\" target=\"_blank\">thousands of ads per day<\/a>, with the bulk of those ads popping up on our social media accounts. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Because social media is one of the main avenues through which people are introduced to new (usually unnecessary) products and services, limiting your social media usage can be a way to indirectly (and unconventionally) cut costs. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By limiting your screen time, you can limit your exposure to ads (by limiting your screen time), reducing your risk of impulse purchasing that weight-loss supplement or unnecessary pair of wool slippers. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"72sqt\"><span id=\"6-go-on-an-amazon-detox\">6. Go on an Amazon Detox<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In the same vein as the tip above, Amazon is yet another popular culprit of targeted ads. While it may be tempting to skip the trip to the grocery store by stocking up online, one effective way to save money fast is by going on an &ldquo;Amazon detox.&rdquo; Simply stop buying things off Amazon for a month. Full stop. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While these Amazon shopping sprees may not seem any different than making a trip to the grocery store, a traditional grocery store won&rsquo;t make product recommendations every time you pick an item up off the shelf, <em>thereby increasing your risk of buying things you don&rsquo;t need. <\/em><\/p>\n\n\n\n<html><body><div id=\"2_in_post\">\n    <a href=\"https:\/\/www.neighbor.com\/host\" onclick=\"rudderanalytics.track('press editorial cta button', {location: 'second in post', version: '2.0'}, () =&gt; { console.log('track call'); });\">\r\n  <div class=\"second-in-post-cta\">\r\n    <section>\r\n      <div class=\"service-option\">\r\n        <h2 id=\"earn-1000s-per-year-with-your-unused-space\">Earn $1,000s per year with your unused space<\/h2>\r\n        <button>Become a Neighbor host<\/button>\r\n      <\/div>\r\n    <\/section>\r\n  <\/div>\r\n<\/a>\n  <\/div><\/body><\/html><h3 class=\"wp-block-heading\" id=\"6cqe3\"><span id=\"7-plan-your-grocery-store-run\">7. Plan Your Grocery Store Run <\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Before you walk into a grocery store, make a plan, so you know <em>exactly <\/em>what you need to buy. Arriving without a grocery list in hand makes you more susceptible to impulse buying (which can cost you big bucks). <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One way to avoid impulse buying at the grocery store is to never go shopping hungry. Eat a big meal and <em>then<\/em> head to the grocery store. If you make a list on your phone, you can be in and out in no time with more money in your wallet.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"2imfa\"><span id=\"8-use-a-water-filter\">8. Use a Water Filter<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Instead of buying bottled water, buy a water filter and <a href=\"https:\/\/www.goodhousekeeping.com\/home-products\/g27312224\/best-water-bottles\/\" target=\"_blank\">a reusable water bottle<\/a> (&hellip;but not from Amazon. <em>Remember, you&rsquo;re quitting cold turkey)<\/em>. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bring your reusable water to the grocery store, the park, the mall, the office, and other venues where you&rsquo;re more likely to splurge on the $3 water bottle out of sheer desperation. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Less plastic waste is not only good for the environment but your wallet, too. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"amp35\"><span id=\"9-use-coupons\">9. Use Coupons<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Some age-old advice is age-old for a reason. Yes, coupons are still a thing.  And yes, they can still save you money. Unlike 20 years ago, using coupons doesn&rsquo;t need to involve cutting little squares out of your local newspaper. Instead, you can use sites like <a href=\"https:\/\/www.groupon.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Groupon<\/a> and <a href=\"https:\/\/www.befrugal.com\/\" target=\"_blank\">BeFrugal<\/a> to save money.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"6nrdp\"><span id=\"10-use-the-24-hour-rule\">10. Use the 24-Hour Rule<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Another way to save money fast is by initiating a &ldquo;24-hour&rdquo; rule into your life. Any time you are thinking about making a purchase greater than $100, make yourself wait for 24-hours before proceeding. This will break your habit of unnecessary, impulse buying.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"7br9d\"><span id=\"11-consolidate-debt\">11. Consolidate Debt<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Consolidating your debt is a good way to organize your bills and help you save more money fast. By bundling multiple loans and other expenses into one unified bill, you can often reduce interest rates and save yourself money in the short <em><strong>and<\/strong><\/em> long term.<\/p>\n\n\n\n<h3 id=\"12-finally-audit-yourself\" class=\"wp-block-heading\">12. Finally, Audit Yourself<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you are wondering how to save money fast, the first thing you need to do is audit yourself. Pull up several months&rsquo; worth of bills (preferably three or more), and then break these bills down into categories. Are you spending most of your disposable income on <a href=\"https:\/\/finance.yahoo.com\/news\/see-much-average-american-spends-150022067.html\" target=\"_blank\">to-go orders<\/a>? Is the bulk of your paycheck going toward childcare costs or other essentials? By &ldquo;auditing&rdquo; your monthly expenses, you&rsquo;ll gain a clearer picture of <strong><em>where<\/em><\/strong> and <strong><em>how<\/em> <\/strong>you&rsquo;re spending most of your money.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As you analyze your spending habits, try to break them down into the following major and minor categories.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"4mbv1\"><span id=\"major-spending-categories\">Major Spending Categories<\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Rent or Mortgage<\/strong>: Ideally, <strong>only 30% or less<\/strong> of your monthly salary should go toward rent or mortgage payments. If you&rsquo;re paying more, it may be time to move to a new apartment complex or <a href=\"https:\/\/www.neighbor.com\/storage-blog\/downsizing-benefits-tips-and-cost-calculator\/\">downsize<\/a> your home. If you&rsquo;re currently renting, you can also save <a href=\"https:\/\/www.incharge.org\/financial-literacy\/budgeting-saving\/how-to-save-money-on-rent\/\" target=\"_blank\">money on rent<\/a> by finding a roommate, negotiating during your lease renewal, or referring a friend (Most apartment complexes offer renewal bonuses that can deduct your total rent costs).&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Car Payments<\/strong>: You shouldn&rsquo;t be dedicating any more than <strong>10% of your monthly income<\/strong> to your car payments. If you are, you may have overextended yourself. Before signing on the dotted line, calculate 10% of your total monthly income and use this number as a budgetary guideline&nbsp;The last thing you want to do is lock yourself into a 72-month car lease on an overpriced vehicle.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Gas<\/strong>: Paying for gas is a necessity for most. If you feel you are paying too much in gas, you can get a more fuel-efficient vehicle, or you can start carpooling or research cheap gas stations that may save you a few cents per gallon.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Food<\/strong>: Food costs are one major area where most people can save. Figure out how much you are spending on food on a daily basis and then see if you can save by cooking at home. You may be able to afford to eat out once or twice a week, but if you want to know how to save money fast, you should increase your at-home cooking and decrease how often you are going to restaurants.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"7crv4\"><span id=\"minor-spending-categories\">Minor Spending Categories<\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Utilities<\/strong>: Depending on whether your utilities are included in your rent or something you purchase on your own, you may have little or complete control over this category of spending. If you can, try to reduce your consumption of heating fuel, water, and electricity. Unplug appliances that do not need to always be plugged in, take a shorter shower, and turn down the thermostat a couple of degrees.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Entertainment<\/strong>: Entertainment can include things like renting movies, streaming service subscriptions, books, and the like. Spending a small percentage of your income on entertainment is nothing to chastise yourself about. But, if you want to save money fast, you should try to limit your subscription payments. Instead of subscribing to Disney Plus, Hulu, and Netflix, you can pick just one&mdash;at least for a while.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Nightlife<\/strong>: Nightlife expenses like admission fees and buying drinks are another major area where most young people can dramatically cut costs. Rather than wasting money on overpriced drinks, you can try new hobbies, have friends over at your place, or simply find a cheaper bar.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Retail Purchases<\/strong>: It is harder now than ever to cut down on retail purchases as companies like Amazon and others target product ads at us every time we go online. One way you can reduce your spending is by staying off social media and reducing how much exposure you have to ads. Also, you can create a set amount of money that you are allowed to spend on retail purchases every month and refuse to go above it.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After breaking up your spending like this, it should be much easier to see where you are spending too much and to track your monthly spending. This can help you to know that you are progressing in the right direction.<\/p>\n\n\n\n<h4 id=\"ways-to-speed-up-your-spending-audit\" class=\"wp-block-heading\">Ways to Speed Up Your Spending Audit&nbsp;<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">If dissecting your finances manually sounds daunting, don&rsquo;t worry. Apps like <a href=\"https:\/\/www.truebill.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">TrueBill<\/a> and <a href=\"https:\/\/www.acorns.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Acorn<\/a> can simplify the process. Because most online banking apps automatically break down your spending for you, <strong><em>conducting a spending audit is probably easier than you think.<\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"b12a6\"><span id=\"conclusion\">Conclusion<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Now that you know at least 12 strategies on how to save money fast, you can start thinking about applying some of these same tactics over the long term to save money slowly and consistently for your retirement and future self. It is never too early to start thinking about tomorrow!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Remember,<strong> any good savings strategy is best paired with a good passive income strategy<\/strong>. If you&rsquo;re looking for ways to generate passive income, consider becoming a <a href=\"https:\/\/www.neighbor.com\/host\">Neighbor host.<\/a> <\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"Do you want to know how to save money fast? Don&#8217;t worry we&#8217;re here to help with 12 practical ways on how to save more than you ever thought.\n","protected":false},"author":30,"featured_media":5275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[20],"tags":[],"class_list":["post-5274","post","type-post","status-publish","format-standard","has-post-thumbnail","category-lifestyle","cs-entry","cs-video-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>12 Strategies That Actually Work on How to Save Money Fast<\/title>\n<meta name=\"description\" content=\"Do you want to know how to save money fast? 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