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Thursday, April 1, 2021

How quickly can money add up?

 

    I have been finding many ways of saving money through the years. At one point a few years ago I started to do some calculations and determined how quickly money add up. Whether finding ways of earning money, saving money or cutting out expenses. No matter what way you look at it you will see that money adds up very quickly. I want to share a few examples from my everyday life. If you would like to learn more about how I have taken this all into play in my life take a look at my post  Where I come from financially and where I am going financially

Saving money

  • Saving aluminum cans average out to be about .02 a day
  • Not purchasing Starbucks is about 4.00 a day
  • Finding free ways to get rid of my trash, I get to use the place I work at, saves .85 a day
  • Switching to energy efficient bulbs saves about .10 a day
  • Using the gas buddy card saves about .06 a day
  • Using my receipt apps saves about .30 a day See my Free Money Post 
  • Canceling cable to only use streaming saves $4 a day

    That gives me an average daily savings of $9.33, monthly savings of $280 and a grand total of yearly savings of over $3400! I have to say that type of money is nothing to frown at in my world. $280 has been the difference of eating for my family in the past. Now this does not include what I do to cut my grocery budget. I clip coupons, use sites like Ibotta, and compare prices online and in stores. I usually save a couple hundred dollars a month on groceries by using those methods, but I do not have a concrete average to share. Now lets discuss making money.


 

Making Money

     I am not sharing what I do to make money at my place of employment, but other simple things that I do to earn a few cents here and there. Some of these ways of making money has taken time to build on but it can give you an idea on how quickly money adds up.

  • Bonds I have purchased pays 5% interest and it adds up daily I am now making .48 a day
  • Selling scrap does not add up to much, but I still do it when i have stuff to sell. I figured out that I can average out what I make to be about .05 a day
  • Selling online as a way to get rid of things in my house, not things I buy to sell, makes about .90 a day
  • Using sites such as Inbox Dollars and MyPoints gives me an extra .25 a day. Some of this is gift cards, but it works just like cash.

    I do a lot of other things online and at home to make money, but these are the simplest things that everyone can do. So how quickly does this money add up? With these few simple things I would have $1.68 a day, about $50 a month and over $600 a year. I get astonished by looking at these numbers still. 

   In addition to the saving money and making money tips above to see how quickly money adds up, I also do things like pick up change off of the ground, make sure every last drop of gas comes out of the hose, use a few drops less of detergent, and many other things like that to save money. In short, I pinch my pennies tight, and I learned that from living a very poor life and struggling to buy things as simple as bread and milk in the past. 

    So just from the above things I give you a small example of how quickly money can add up. With these few things you are looking at an additional $4000 a year in savings or small ways of making. Even if you cannot do all of this look at the big picture every day. If you can find a way to save or make the small amount of $5 a day you will have an extra $150 a month or over $1800 a year. So how quickly can money add up? As you see it can be very quickly.