Unconventional Ways to Save $200 or More in a Month

The following post comes from the America Saves Blog. Follow them on Twitter and Facebook.

October 10, 2012
by Aaron, writer for ThreeThriftyGuys.com - a personal finance site devoted to helping folks keep a few more bucks in their pocket. You can also follow them on Twitter (@3thriftyguys) and Facebook.

Let’s face it – it’s really hard to save money when the bills are piling up and you feel like you’re just living paycheck to paycheck. So, what are some ways you can save that are a little more unconventional, but will get you some positive cash reserves?

Here are a few things that I like to employ to help me save money each month:

Automatic bank deductions

One great thing about living in the digital age today is that you can automate a lot of your personal finances – including your savings. When I was struggling with putting aside so much each month, I discovered an online savings site that automatically deducts so much from my bank account. It’s a set amount so I know what to expect – but it takes away the emotional component of setting money aside.

Raise your allowances
One way to get more money is to raise the allowances on your W-4 form at work. The more allowances you claim – the less there is taken out of your paycheck. I know some folks who don’t want to give the government a loan for the year and have so many allowances there are virtually no taxes taken out of their checks. But, one thing you could do (from time to time) is raise your allowance and put the extra you get back into savings. You may owe more at tax time – but better you making interest off your money than Uncle Sam.

Call up your insurance company
When you get a chance – call up your auto insurance company and ask them if you are eligible for any discounts. You’d be surprised at what you might qualify for and how it will affect your premiums. You may also want to see if you are eligible for liability coverage (instead of comprehensive). The money you are saving from these discounts can be put into your reserves.

Keep a change jar
At our house – we keep a large jar that we throw all our coins into. When it gets half-full or so, we take ‘er to the bank and deposit it into savings.

Take advantage of card offers
A few weeks ago, our credit union was giving its customers $25 for using your debit card for 5 purchases during the month. So – instead of using our regular debit card – we are going to use it for just a few purchases to get the freebie. There are other deals that card companies are always running to get folks to use their cards more. If you’re a thrifty person – take advantage of these offers and bank the awards.

Any other unconventional approaches you take to saving more money? Let us know on our Facebook page.

Additional articles to help you save:
o    5 Money Saving Tips for a Rainy Day
o    A Quarter Saved is a Quarter Earned
o    Tales from a Not-So-Extreme Couponer
o    Saving for Your Next Ride