How to Put an Extra $50 a Week Into Your Bank Account

Wouldn’t it be a great feeling to know that you’re moving ahead financially? Even an additional $100 a month in savings would help most families. To find extra money for saving, dig deep into your money management and spending habits.

Consider these suggestions for finding $50 a week to bank. After all, if you do, you’ll end up with an extra $200 per month. In just 6 months, you’ll have saved $1,200.

1. Think about the money that you spend each week on beverages. Buying extra sodas at the convenience store or the fuel station are eating up part of your $50 for the week. Do you buy coffee every day on your way to work? Even 3 coffees a week can add up to over $10.

* Consider bringing your beverages from home and save the money towards the $50 for your bank account at the end of the week.

2. Eating lunch out costs money. Perhaps you allow for lunches in your budget. But would you consider taking your lunch every other day, or at least 3 days out of the 5-day workweek?

* You’d stand to save at least $5 (and maybe close to $10) for each lunch you don’t eat from a restaurant.

* Alternatively, eat only at restaurants and fast food businesses for which you have coupons. You can find restaurant coupons in your Sunday paper practically every week. Vow to use coupons for your lunches to save money to bank.

3. Set a goal to trim $5 to $10 from your weekly grocery bill:

* What products are you buying that are expensive, unhealthy, or just plain unnecessary?
* Maybe you’re paying $4-plus for a processed snack food.
* Substitute something else at half the cost for those pricey items.
* If you usually buy a high-fat item, consider omitting it from your list.
* Focus on your store’s sales and buy-one-get-one-free offers.
* Be cautious about buying something just because it’s on sale.
* Try some of the store’s generic products for more savings.

4. Save money on gas. Make a vow to stay out of the car at least 2 days a week.

* If you work from home, you can avoid driving 3 or more days a week. Besides, once you go out in the car, you’re going to spend money on other things besides fuel.

* Can you carpool to work? Do you live close enough to walk? What about public transportation?

* Consider running errands and shopping on your way home from work so it won’t take any extra gas to complete those tasks.

5. Deposit part of your cash into the bank. Then, do what you can to avoid withdrawing money once you place it in your account.

* You might be able to save at least another $10 through this method: keeping back only $1.43 of your change each day adds up to $10 per week. You’ll hardly notice the dent in your cash, but your bank account will steadily grow.

* Avoid carrying large amounts of cash because if you have it with you, you might spend it.

6. Think about excess services you pay for that you can delay. For example, if you get a manicure each week, switch to every other week to save a bundle of cash.

Make it a goal to find $50 each week to deposit into your bank account. You’ll feel like a rock star as you watch your money grow. Apply these suggestions to discover and bank $50 every week to build your savings account.

Method of Saving for Your Golden Years

Partially Part-Time: One Surefire Method of Saving for Your Golden Years

You’ve heard about the importance of saving for retirement. Especially from people who are approaching or already living in retirement, you’ve clearly gotten the message. Yet, you aren’t convinced that you have to save that much right now. After all, you may have 20, 30 or even more years of working left in your lifetime.

However, the fact is that if you want to live a secure, comfortable, free-from-worry retirement, it’s necessary to start saving right away. You may be thinking, “There’s just no way that I can put back any money right now with the kids, the mortgage, and car payments. I’ll worry about it later.” And then later never arrives.

What is “Partially Part-Time?”

So, what can you realistically do to commence saving for your golden years? One idea that works for many is working partially part-time. When you work partially part-time, you take on an additional job, part-time, for only a small portion of the year.

Then, you do this each year specifically to save money for retirement. An example is that, every summer for 3 months, you take an evening job position as a waiter 3 nights a week, in addition to your “regular” job.

Then you can bank all of the money for retirement that you earn from your partially part-time position. This way, you’ll steadily increase your retirement dollars without interrupting your family budget.

Obtain a position working for a business a few months out of the year or do your own thing seasonally. Each year, your retirement savings will grow because of your partially part-time job. What a great gift to give yourself!

Ideas to pump up your retirement savings by working partially part-time

1. If you’ve got a skill, capitalize on it. For example, do you know how to sew and mend clothing? If so, select 3 or 4 months out of the year as the time you do other people’s mending for pay. If you live in a climate where it gets cold and snowy, consider taking in mending over the winter months, since you’ll be indoors much of that time anyway.

2. If you’ve got the means, utilize them. Let’s say you have a sturdy riding lawn mower that you use to mow your lawn in the summer. You could use your riding mower to earn extra money all summer long, mowing other people’s yards every summer to start your retirement savings.

3. If you really love doing something, monetize it. For instance, perhaps you enjoy exterior painting. You find painting houses in the spring and summer to be a great opportunity to bask in nature, enjoying the birds, flowers and trees. Painting houses through the spring or summer months will bring in a hefty sum to put toward your retirement savings.

4. Take a part-time retail job during the Christmas-shopping season. During late October or early November, major retailers start hiring extra help for the holidays. Many times, the work extends until the end of January to help handle all those holiday returns as well.

5. Take advantage of the tourist season. If you live in a tourist area, there are seasons when the area is alive with tourists and other times when no one’s around. Make contact with some local businesses that experience predictable “booms.” Maybe they could use extra help during the tourist season.

When it comes to your retirement savings, don’t let anything stand between you and getting money to the bank for your future. Build a healthy retirement account by working partially part-time. Endeavor to save now and every year for the lifestyle you deserve during your golden years.