How To Save Money In Less Than A Year - King Feed

How To Save Money In Less Than A Year

Saving money is a good idea especially for teens or young adults who are just getting started in College or life in general. These are the best ways to save money in less than 12 months.

1. Get a part-time job.
If you're still living with your parents you have a huge advantage when working a part-time job. You won't have to pay for rent or most expenses you would if you lived by yourself. It would be ideal to save 100% of your income when you're still living with your parents. Having an extra 5 or $10,000 in your bank account will be really worth it in the next few years when you move out and will make things a lot easier.

2. Stop eating out so much.
If you want to save up money you need to cut some expenses that at the end of the day affect your health in a bad way too. A typical meal at a fast-food or restaurant costs $10. If you do this twice a week that's almost $90 a month, more than $1,000 a year. Is it really worth it?

3. Resell used stuff on Facebook.
Find some of your used items and sell them in facebook pages for cash. If you want to take it to the next level, tell your family and friends that you can sell their stuff and do it for a profit. For example, your cousin wants to sell their Bluetooth speaker for $35. You sell it for $45 on Facebook and give your cousin the $35 and you keep $10.

4. Increase your income.
If you've got a job already, you can try tip #3 in your free time. There's no way you won't make at least $300 a month from that alone. If you can, you can get a part-time job for a couple of hours every week. This will be hard in the beginning because you'll shrink your free time but it's just for a year and if you choose a job you like you'll even enjoy it and make new friends in your workplace.

5. Drive for Lyft or Uber
This method is perfect for young adults who want to stack up some money quickly. Most of us love driving around. Why not do it for money? You can sign up on Uber or Lyft(or both) and start making money for driving people around. 

6. Don't buy clothes.
Most of our wardrobes are filled with clothes that we don't even wear because we keep buying new clothes. The cheapest piece of clothing, T-Shirt or pants is never less than $15. And many of us own hundreds of pieces of clothing. Think about how much you would save if you didn't buy a new t-shirt every week or so and put the money in your wallet instead.

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