5 Creative Money-Saving Tips

Finances can be a touchy subject – especially this time of year. As we all scramble to add check marks to our never-ending shopping lists, holiday expenses are wreaking havoc on our bank balances.

Check out six easy ways to keep your savings account cozy this holiday season:

1. Purge Unnecessary Subscriptions

If you aren’t “borrowing” your Netflix account from your ex-boyfriend’s third cousin, you’re probably spending more than you’d expect on in-home entertainment.

Even though they’re much more affordable than traditional cable options, be careful not to add too many accounts to your roster. Streaming services, audio libraries, and music subscriptions can add up quickly.

Do a quick audit of all your streaming services to determine which ones are worth keeping. If you aren’t using them all regularly, or you know you can do without one or two, cancel your accounts immediately and start saving.

2. Sell Your Skills

Do you have an interesting talent or hobby that sets you apart? Or, do you have any particular skills that aren’t so easy to come by?

There are a ton of online marketplaces where you can make money from selling handmade goods, writing blog posts, designing logos, or even performing basic data entry tasks. Most of these platforms only require a quick application, which may include an assessment or two to gauge your proficiency.

If you do or make something that would be valuable to others, put it to good use!

3. Implement a Spending Ban

The most clear-cut way to save is to simply refrain from spending money. This can be tricky, but it’s definitely doable for everyone to some degree.

Regardless of your budget, there’s bound to be a few things you spend money on each day, week, or month that you don’t actually need.

For many people, this can be achieved simply by making small changes – such as cancelling your gym membership and running at the park.

A spending ban can help you to build a better relationship with your money. It’s also a great way to establish healthy shopping habits, and strengthening impulse control.

4.  Tackle Debt with an Auto Title Loan

If you carry a high-interest credit card or low balance, you’re losing money by the minute. Getting an auto title loan could help you pay off your debt in less time while maintaining a lower interest rate.

Auto title loans are based on the value of your vehicle, as the loan itself is taken against your car’s title. However, you can still drive your car during the entire lifetime of the loan.

Auto title loans are also a great option for people who have limited income, or a below-average credit score.

If you want to get ahead of your financial struggles right away, auto title loans are a quick and easy solution.

5. Carry a Timer

This one might seem a bit unconventional, but timing many of the small tasks you do throughout the day can save you loads in the long run.

Taking long showers, washing the dishes inefficiently, or even idling your car can cost you hundreds of dollars each year.

Spending less time on small, recurring daily tasks will make you feel more in control of your day – and your bank account will notice the difference.

A tight budget doesn’t have to put a kink in your holiday plans. Use these tips to give your wallet a little extra cushion for an upcoming event, big purchase, or rainy day.