Common financial advice is to pay yourself first; set aside your own savings before you pay any bills.  Yet, what happens if you don’t have enough money to pay yourself first?  What if you can’t set aside $100 or more each month?  How can you continue to save for your goals whether they are establishing a $1,000 emergency fund as Dave Ramsey recommends, saving for a replacement car so you can avoid a car loan, saving for a down payment on a home or simply saving for a vacation?

My husband and I are temporarily in a tight financial situation; he is finishing his Ph.D. and I am staying home to take care of our three children while doing freelance work at night.  While I expect our financial situation to improve in a few months when my husband graduates, we are now in the situation where we have little to save, yet we would like to begin to save for a down payment for a house.  We have found unusual, creative ways to save.  Utilizing these methods won’t get us to our 20% home down payment, but they offer a great way to start saving, and we will add to the savings when our income increases.  If you are trying to save more, try some of these strategies:

Head over to Beating Broke to read my five strategies and how we are using them to our advantage.

What unusual savings strategies do you use? 

Related Posts Plugin for WordPress, Blogger...