Right now I work full time and I am on a pay salary. When working a salary you know how much you are going to get per week or bi weekly. But now you it’s time to save some money for a rainy day and I have done this all year this year and I have some good tips to tell you. I would say that when you save money you should have a saving for when bad things happen like doctor bills or if your breaks down. You should always have a plan b in case you lose your job. The 2 saving account can be for investments or money for building a business. Saving money is great but you can’t build wealth by saving money. This is my opinion about how to save money.
Lower your monthly bills:
One of the things I have done this year was stop paying for things that I can do. For example I use to pay a company that would spray for bugs inside and outside our home. I was paying $40 dollars per month and the service was good but they would not spray inside our home when we want them to.
When I am not home and they come to the house and spray, I don’t know if they are really spraying the house. Paying the bill is getting old so I look up some stuff that I can put down myself. I found talstar professional insecticide which cost about $97.77 for two big jars which will last 2 years for our home. 1 once per 1 gallon of water so that last me a long time. I can spray my house, the inside and the backyard. I cancelled that company and now saving a lot of money. If you want to put up talstar professional insecticide from amazon you can click here:
That’s just one example of lower my monthly bills the next thing I did was change our alarm system . I was paying $60 dollars per month. I change to a new company and now paying less per month. I cut a lot of things out that I was paying and I cut them all the way out or lower the bill by switching company.
You can do the same thing, go though your bills, see what you can cut out and do yourself or find a different company that has a less price. If you are paying a lot of money for your phone bill, maybe it’s time to switch to a cheaper company. These are ways you can save money by paying less in things that you have now. I had Verizon and was paying $100 per month for one line. I switch to cricket wireless which has good service and now pay $40 dollars per month.
Set up the way you pay bills:
One thing I do is when I get paid, the first thing I do with the money is pay bills. To make things easy, before any of my bills are due, I like to put extra money on the money so when the bill comes out, it’s lower. Then I pay the bill in full with a little extra on top so the next month bills is lower. I keep sending the same amount per month and then the bill will become lower and lower to it gets to a point where you have some credit. It’s hard to do but it works. So now you have some extra money. Try to set up online bill pay so you can see what’s going on. Try to shop smart and don’t buy things you don’t need. Pay off bad debt like credit cards and student loans you may have. The sooner you pay off those things the sooner you will have more money. Use cashback apps to get something back for buying things that you already by like gas. Download the get up side gas app, use my code: 846AK to get a discount your first tank of gas. I have a video below showing you all the apps I use to get cash back from.
Make more money:
One of the best things you can do is to make more money. Since you are a salary, you can’t make any overtime or extra money so make more money. Start yourself a side business part. I drive for Uber on Friday nights and Saturday nights from midnight till 3 in the morning. I make about $150 for those two days per week. That’s an extra $600 dollars per month. Uber is a great way to make more money and you do it whenever you want to. Use my code when you want to sign up with Uber: ZG17GXXRUE
On this blog I about starting a blog, I talk about starting a YouTube channel as well. Start these things now and start building some passive income. I just start to talk about investing into dividend paying stocks for passive income. Lets face it, having a salary has it’s pro’s and cons but while we are at home, we should be building an business to make money. We should be investing some of our money and not putting all of our money into a savings account. We can’t build wealth with saving, we need to build assets and business that can make use money.
Your salary should be funding your business outside of work. Everyone needs more than 1 stream of income. So start a YouTube channel, start your blog, build an side business, invest in the stock market of you can and for some side income drive for Uber. I made a video talking about this, please check that out. Check out my resource page for all the things I use to make money online.
