Five Easy Tactics to Pocket an Additional $100 This Month

Who wouldn’t want an extra $100? In these unpredictable times, many of us are trying to save wherever we can. The usual ways we manage money can sometimes fail when unexpected events, like a global pandemic, come around. Let’s see how you can save an extra $100 this month.

Setting aside 10% or 15% of your income might seem impossible if your work hours are cut or you’re dealing with other financial pressures. So, instead of aiming for big savings goals, why not start small with a goal of saving $100 each month? While $100 might not seem like much, it can help cover surprise expenses or support you if you need to take an unscheduled day off work. Plus, regularly saving $100 can build a habit that leads to bigger savings over time. Here are five easy ways to put aside $100 this month.

1. USE A MONEY JAR
One method I often use is a money jar, and it always amazes me how much I save without really trying. It’s a simple idea: throw all your spare change into a jar and cash it in when it’s full. This is an easy way to keep track of your coins. To save more without feeling it, add your $1 bills to the jar as well. Just remind yourself not to spend that dollar. I saved $200 in three months doing this!

2. SAVE AS SOON AS YOU GET PAID
Think saving $100 this month seems hard? Try putting $100 straight into savings when you get paid. Then, just budget as you usually do for the rest of the month. Chances are, you’ll manage just fine.

3. SELL UNUSED STUFF
Got unused items cluttering your home? Sell them online using sites like OfferUp, Craigslist, and Facebook Marketplace. Good photos and honest descriptions can help you sell these items. It’s another great way to save $100 this month.

4. TRY GOING VEGETARIAN FOR A MONTH
Even if you love meat, consider trying a vegetarian diet for a month. You’ll probably save at least $100. Use seasonal produce and frozen veggies to cut costs, and remember affordable protein sources like beans and lentils.

5. SWAP TWO DINNERS OUT FOR HOME COOKED MEALS
Dining out can be nice but pricey. Save by replacing a couple of dinners out with meals cooked at home. Using a slow cooker can save you money, and you might even have leftovers!

Saving $100 a month might feel challenging, especially if money is tight. But focusing on these manageable steps can help. After all, saving starts with the first dollar you set aside.

What are your favorite ways to save money? How do you make sure you save at least $100 each month?