eBook- Part 2
Thanks for coming over to my site to read part 2 of “How to be Frugal – The Single Girl’s Guide to Living a Fabulously Frugal Lifestyle”. Just click the title for access!
Are you looking for more money saving tips? As you are working through your budget, you may notice that you are spending more than you are bringing in (this is not uncommon!) and need to cut back in some areas. While this may bring up feelings of dread and lack, I want to assure you of two things:
- Cutting back doesn’t have to be forever
- Cutting back is empowering
Why? When we are no longer tied to our debt and letting our money control us, we are able to take charge of our finances and decide what is best for us rather than feeling out of control and reactive to our financial situation. With that in mind, here are some areas to consider that may help you save money:
- Many people ask me how to start a blog to earn extra income. As you can probably imagine, that isn’t a question I can answer in just a few sentences! One of the ways to earn extra income through a blog is from affiliate marketing. This can be a tricky topic if you don’t know what you are doing. A fellow personal finance blogger has put together a course called Making Sense of Affiliate Marketing that will teach you how to earn extra income from affiliate marketing. Michelle teaches you the exact steps she has taken to earn $100,000/mo (yes per month) from her blog. I have went through this course myself and loved it, I highly recommend it!
- In some instances, you may not be able to cut back anymore so in addition to cutting back, earning extra income can help you to bridge the gap in your income. Sites like Flexjobs and Moonlighting let you earn extra or full time income from home. I particularly like Flexjobs (more detail in my Flexjobs review) and have used their services in the past when I was looking for a IT Consulting job where I could work from home. The service is exactly as described as they are able to aggregate legitimate work from home professional positions in one place. You can even set up alerts to be notified when positions you are interested in become available.
- Cut the Cable – Years ago I decided to get rid of cable and was able to stream content through my Roku device. I still love my Roku as an alternative to cable and highly recommend it to anyone who is interested in saving money. I wrote a detailed guide on how to get rid of cable and use a Roku device. In addition to my Roku device (where I stream Netflix & Amazon Prime) I also purchased a $6 antenna from Amazon to watch local channels live. It’s a great set up and has saved me over $1,200 a year!
- I’m not always a big fan of consolidating loans but sometimes it can take the pressure off you when you have a lot of payments. (Of course – the trick to that is to stop the behavior that caused you to get all the payments in the first place!) If you are looking to consolidate your debt, I recommend Lending Club. Lending Club is a peer-to-peer lender which means you are able to bypass a traditional bank and get connected with investors who fund your loan and earn monthly returns. Normal credit checks still apply and Lending Club offers unsecured personal loans of up to $35,000 to borrowers with good-to-excellent credit at very competitive rates. I have used Lending Club twice for loans and have been happy with the products and services both times. I highly recommend Lending Club if you are looking for an alternative to a traditional bank.
- Looking for a night out but don’t want to spend a lot of money? Yelp Deals, Living Social & Groupon all offer inexpensive ways to go out and have fun without spending a lot of money.
Do you have questions about budgeting? If you’d like to dig a little deeper into budgeting, I created a Budget Bootcamp to get you on the right track so you can get out of your financial hellhole. This bootcamp is a 16 week program that can help you to:
- Pay all your bills on time
- Save any where from $450-$1,100 a month
- Become debt free (at last!)
- Watch your savings and investments grow
- Have extra money for the vacations you want or the dream house you desire
- Freedom and peace of mind to know you will be free of the burden of debt
Check out my popular post Budgets For Dummies: Create a Household Budget in 5 Easy Steps.
While you are here, why don’t you sign up for my Single Girl’s 7 Day Budget Program on the righthand sidebar?
If you have any questions, please don’t hesitate to leave a comment or reach out to me so I can help.