Most people don't have spare money sitting around. Finding it usually means plugging small leaks, adding one-off cash and trimming a few regular bills.
Plug small leaks
- Cancel subscriptions you don't use
- Plan meals to cut takeout and grocery waste
- Pause one regular treat for a month and save what it costs
Trim regular bills
- Call your phone and internet providers about cheaper plans
- Shop your car and renters or home insurance once a year
- Ask about utility budget billing or assistance programs if bills are tight
Add one-off money
- Sell things you don't use
- Save tax refunds, rebates and cash gifts
- Save the first month of any raise before you get used to it
General educational information, not financial advice. Penny Vaults isn't paid by any bank or lender.