Clever Tips for Saving and Spending Anyone Can Use

Quick Savings

Rachel Cruze shares practical strategies for accumulating savings quickly, emphasizing the potential of selling unused items and participating in no-spend challenges. She suggests starting with a closet cleanout, selling clothes on platforms like Poshmark, and gradually expanding to other household items like electronics and furniture 1. Rachel highlights the effectiveness of a no-eating-out challenge, which can significantly reduce expenses by eliminating delivery and dining costs for a month 2.

You have no idea how much the tipping and delivery fees and appetizers and everything just absolutely just adds up.

--- Rachel Cruze

These methods, though requiring some sacrifice, can lead to substantial savings.

   

Subscription Audit

Rachel Cruze introduces the idea of auditing subscription services as a way to uncover hidden savings. She explains that many people are unaware of the money they spend on unused subscriptions, which can add up to hundreds of dollars 3. By reviewing spending history and canceling unnecessary subscriptions, individuals can find extra money in their budgets.

People are finding hundreds of extra dollars they didn't even know they were throwing away to unused subscriptions.

--- Rachel Cruze

This simple yet effective strategy can free up funds for other financial goals.

   

Maximizing Income

Exploring side hustles is another avenue Rachel Cruze recommends for boosting savings. She acknowledges the challenges of balancing multiple responsibilities but emphasizes the temporary nature of side gigs 2. By dedicating a few hours a week to a part-time job or monetizing a hobby, individuals can significantly increase their income.

What if you got a small, manageable side gig? Just earn a little cash on the weekends.

--- Rachel Cruze

This approach not only enhances financial stability but also accelerates progress towards financial goals.