Saving Pennies? Every Little Helps

If you feel the pinch of rising living costs, then the good news is that you don’t have to suffer in silence. Many little life hacks can help you spread the cost of certain things and bring the expense of other things down. For example, you might be saving for something special such as a holiday or a deposit on a new house. So take a look below to see how you can deal with saving some extra pennies for a rainy day. 


One of the first things you need to do if you are struggling with funds and money each month is work out your budget. Your budget will tell you how much money you have coming in and where your money goes each month. If you get paid monthly, this will be easier to work out. However, if you’re like most people, you get paid bi-weekly or semi-monthly, so budgeting will be a little trickier as you have to consider your cash flow. Next, your budget will tell you if you have any leftover money each month. You can plan to put this spare money into another bank account, such as a savings account. Your savings will slowly build up, and you can use the cash towards something special. 


Something else you can do to save money each month is to downsize to a smaller house. If you need to move due to work or relocate to a new area, you should think about getting a smaller home to save money. There are many places you can rent or even buy with a lower amount of money. If you decide you can live without a house, then take a look at apartments. These tend to be cozier and cost you less. For example, something like Meriton apartments would be ideal for downsizing or similar apartments in your area. 

Savings Account

If you are looking for a way to save little by little, setting up a savings account is a great way to accomplish this. You can set up automatic standing orders or transfers to send money from your main account to your savings. You can do this as often as you like, and a good time to do it is right after you get paid and you’ve paid your bills before you start to spend on your variable expenses. Then you can transfer the leftover cash at the end of the month, and you will soon have a nice little savings pot going. 

Your job may pay you through Paypal or something equivalent. If this is the case, you can choose how much you want to send to your main account. If you can afford to keep a little to the side, then put this in your savings account. Your budget will help you do this as well.

In conclusion, you saving money might require doing many small things. Separately, it might not feel like you’re doing much, but it will add up if you have patience and remain consistent. 

FUNDRISE | Real Estate Investing

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About Kamilah

My name is Kamilah and I am a native New Yorker of Caribbean descent who is passionate about helping you learn how to invest and build your net worth by sharing easy-to-follow YouTube tutorials that will help you take control of your money and set you up for financial success. But this wasn’t always my story.

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