Daylight Saving Time 2024 begins at 2 a.m. on Sunday, March 10, 2024. We’ll spring forward and advance the clocks one hour ahead of time. Sometimes it’s hard to ease into a new schedule. However, we can use this change as an opportunity to get in check with our finances. While we spring forward with the clocks for Daylight Saving Time, it’s also time to put a spring in your step when it comes to saving money. MaxLend, a reputable lender that offers cash loans online, shares six money-saving tips on how to save money starting now. You can choose to begin your money-saving journey on March 10 or you can start today.
1. Automate Your Savings
Setting up automatic savings is one of the easiest ways you can save money. Think “out of sight, out of mind.” Automation takes the work out of saving money by transferring small amounts from your checking account into a savings account. You can find different money-saving apps that can help you.
2. Budget with Cash
Another one of the easy money-saving tips is to spend only what you allow yourself to spend by budgeting with cash. If you only allow yourself a certain amount of cash to spend in a day, a week, or a month, you can cut down your expenses and save money down the road. If you give yourself a weekly budget in cash and don’t spend all of it, you can put the leftover money into a savings account or you can lower your weekly allowance.
3. Set Goals
Setting realistic financial goals for yourself is one of the first steps toward saving money. For example, creating a budget, setting money aside in an emergency fund, paying off debts, and saving money for retirement are all realistic financial goals. You can set these goals and work toward them every day so you can actually achieve them.
4. Save Coins
People who’ve known how to save money for decades likely started by saving coins. Collecting extra change adds up. You can also check with your bank to see if they allow you to round up purchases to the nearest dollar and put the difference into your savings account.
5. Use Lists
Start saving money by making lists before shopping, especially grocery shopping. If you know exactly what you need before heading to the store, chances are you’ll avoid overspending on items you don’t need. Always check your pantry before going grocery shopping as well. That way you don’t spend money on something you already have.
6. Dine at Home More Often
Try to cut down on how often you go out to eat. One of the easiest ways to save money is by not spending it – and eating out can eat up your budget. While it may be a big Daylight Saving change to learn how to cook, cutting down on eating out may benefit you in the long run.
If you’re in a financial situation where you feel as though you may need emergency funding, you can turn to MaxLend. At MaxLend, we offer short-term installment loans of up to $3,750. Installment loans are an alternative solution to payday loans that you can repay in installments rather than in one lump sum due by your next payday. For more information on how you can obtain money loans from a reputable lender like MaxLend or for more information on our loan loyalty rewards program, contact us today at 877-936-4336 or apply for cash online.
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