18 Ways to Save $100 This Week

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Does this sound familiar? Every month you set a goal to save a small portion of your income, only to end up failing miserably.

It would be nice if we could all save money in the blink of an eye. Unfortunately, it’s a task that requires effort, discipline and — most importantly — some sort of income.

If you’re in a bind or just want to stash a little extra cash, here are 18 ideas about how to make your savings grow;

1. Keep the change

Retain the change from each of your transactions for an entire week and store it in a Mason jar, Ziploc bag or piggy bank. At the end of the week, count the coins to see how you did. Depending on how much you spend, you may have reached your goal by following this one simple tactic.

From our Solutions Center: Find a better checking account in seconds

2. Reduce transportation costs

Download the GasBuddy or GasPriceWatch.com application onto your smartphone to locate the best deals in the local area on gasoline. You can also try carpooling with others from your job, or using public transportation for a week.

3. Eliminate dining out for one week

This suggestion is made over and over again, but it works. Brew your own coffee to start the day and use the leftovers from the prior night’s meal for lunch. And if you’re tempted to pick up an item from the snack shop, come prepared with your own treats and drinks in tow.

Also, kindly inform co-workers that you will not be accepting invitations to dine out for lunch during the week.

4. Skip entertainment

Don’t plan on going to a play or the movies. An alternative is to find free entertainment at local community events. There’s also the library, which is jam-packed with books and DVDs that you can borrow free.

5. Find free workouts

Do you pay weekly for fitness classes? Try finding fitness programs on television or the Internet, or at the library. I prefer SparkPeople when I need to change things up because it’s a fitness hub with a variety of workout plans, many of which are customizable. It also offers meal plans for those looking to get fit.

If you’re a member of a gym, consider canceling the membership and embracing the great outdoors or group workouts. Check the local recreation or community center for free exercise classes that you may be able to attend.

6. Only carry cash

Can you spare $100 each week without turning your finances upside down? Force yourself to save the funds by setting aside a cash-only expenditure budget for the week. Once the cash is gone, your spending is done.

Can’t wrap your head around that? Break the task into small increments of $20 a day. Once five days have passed, you will have met your goal. High five!

7. Sell some stuff

Head to a local consignment shop or a retailer, such as a Plato’s Closet, that will pay you on the spot for gently used goods. Can’t find one in your area? Try hosting a garage sale, or set up shop at the local flea market.

8. Get to work

Pick up a temporary side gig to quickly accumulate funds. Or, let your creative juices flow and sell your products and services to others.

9. Clip coupons

No newspapers lying around? No problem. Head on over to a website like The Krazy Coupon Lady or Coupon Mom, where you will find printable coupons and corresponding instructions for putting the coupons to use. In some cases, a coupon can actually qualify you for cash back from the store.

10. Call your car insurance company

Inquire about any discounts that may be available. Also, raising the deductibles on your auto and homeowners insurance will drop your premiums. Just be sure you have money in savings to cover your increased out-of-pocket expense in case you have to file a claim.

From our Solutions Center: How to quickly shop insurance

11. Decrease your energy consumption

Reach out to your utility company to schedule a free energy audit of your home. Also, unplug any chargers or appliances that are not in use.

Set the thermostat a little higher to cut your air conditioning bill. Lower the temperature in winter and layer up. Also, consider hanging your clothes out on the clothesline to give the dryer a break.

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Comments & discussion

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  • shondell mann

    It may sound crazy but usually setting an amount that can be spent in a day, and sticking to it really does help. Then when you hit the days quota don’t justify going past your limitations. Be stern and steadfast with your spending because 9 times out of 10 we are our worst financial enemy !

  • SickOfFools

    Stop with the Starbucks. Stop smoking. Don’t bother calling your cell provider, dump them. Go wit a pre paid or no contract provider (Zact, Ting, etc). Get a cash back credit card that pays you and pay the balance off every month. That way they’re paying you to use the card. Get rid of cable and satellite and put up an antenna for t.v. Dump your land line phone and go to voip service (I use Ooma. it’s the best).

  • smokey347

    how about just don’t spend it? come on folks, this ain’t rocket science!

    • Amanda Lavorati

      That’s basically what they are saying.

      • smokey347

        it takes them that many words to say it?

  • ManoaHi

    I setup an account a different bank. My employer will direct deposit into up to three accounts, but they have to be dollar amounts, not percentage. So I can say $50 per paycheck but not x%. I asked why and payroll said some people do that to save others alimony and:or child support. I like this method because it’s “out of sight – out of mind”.

    If your employer doesn’t offer multiple direct deposit check your bank to see if you can do automatic scheduled transfers. One thing is to not get an ATM card, so if you need the money you’ll have to go to the bank (the idea is it to make it inconvenient to get to it.

    • Lorilu

      Excellent idea about the ATM card. My bank requires that you have an ATM card to do business at the branch, so I had the card linked only to my checking account, and I don’t carry it unless I’m going to the bank. It’s safer that way, too, so you are less likely to lose the card.

  • LagunaLady27

    This makes sense only if you are spending the money in the first place. None of these ideas help you “save” money.

    I did not buy a new car last week. Does that mean I saved $30K? Of course not. This is the same kind of thinking that businesses use when they say they lost millions when the made less money than they had hoped to make.

    I would love some tips on how to save money that did not translate to “don’t throw it away”.

  • Jcatz4

    #15 – Iron your own clothes. My iron hasn’t been used in about 20+ years. I think the last time I used it was to iron on a transfer to decorate a sweatshirt. Any clothing I buy (and I buy very few items) must be wash and wear. Since I am retired, I only need very casual clothing.