Need That Money

5 Tips for Finding Hidden Money in Your Everyday Life

Finding Money Hiding in Plain Sight

In today’s world, we’re all trying to save money wherever we can. With rising prices and stagnant wages, it can feel like we’re constantly dealing with a shortage of cash.

But, what if I told you that the solution might be right in front of you? That’s right- there are ways to find money hiding in plain sight! In this article, we’ll explore five tips to help you do just that.

1. Buying Store Brand Groceries

It’s no secret that buying groceries can be expensive.

But, did you know that you can save up to 40% by buying store brand or generic groceries instead of name brands? That’s because name brand companies spend millions of dollars on advertising and packaging, which gets passed onto you, the customer.

Store brand products offer comparable quality at a much lower cost. Next time you’re at the grocery store, take a look at the store brand options for products you normally buy.

You might be surprised by how much you can save! Some examples of products to compare include spaghetti and beef, creamy chicken and rice casserole, and loaded beef tacos. 2.

Eliminating Burden of Tax Refund

At the end of each year, many of us eagerly await our tax refund. However, did you know that by receiving a large refund, you’re actually giving the government an interest-free loan?

That’s right- instead of getting a lump sum in April, you could be earning that money throughout the year by adjusting your payroll withholdings. To do this, simply head to your HR department and fill out a new W-4 form.

Adjust your allowances so that you’re taking home more money in each paycheck, and you’ll see the benefits throughout the year. This will also give you more control over your cash flow, which can be especially helpful if you’re living paycheck to paycheck.

3. Selling Unused Items

Do you have clutter in your home that you don’t use or need?

If so, consider selling those items and putting the money towards something more important. Many websites and apps make it easy to sell items online, so you don’t have to worry about hosting a garage sale or dealing with people in-person.

Not only will you clear up space in your home, but you’ll also feel a sense of joy from decluttering. Plus, selling items can provide a boost to your finances, giving you more flexibility with your spending.

4.

Adjusting Budget with Every Raise or Bonus

If you’ve recently received a raise or bonus at work, congrats! This is a great opportunity to adjust your budget to reflect your increased income.

Instead of just spending the extra money, consider allocating it to savings, debt repayment, or investments. By increasing your savings, you’re building a financial cushion that can come in handy in case of emergency or unexpected bills.

Paying down debt can also provide peace of mind and save you money on interest charges. And by investing, you’re giving yourself the opportunity to grow your wealth over time.

5.

Using Savings Apps for Every Purchase

Did you know that there are apps available that can help you save money on every purchase?

From cash-back apps to coupon apps, there’s something for everyone. Some popular options include GasBuddy, which helps you find the cheapest gas prices in your area, and GoodRx, which can save you money on prescription medications.

These apps can add up over time and provide a significant boost to your finances. Plus, many of them are free, which means you have nothing to lose by giving them a try.

Conclusion

By implementing these five tips, you’ll be well on your way to finding money hiding in plain sight. Whether it’s by buying store brand groceries, adjusting your budget with every raise or bonus, or using savings apps, there are plenty of ways to save money and improve your financial situation.

So, what are you waiting for? Start implementing these tips today and watch your bank account grow!

Eliminating Burden of Tax Refund

It’s that time of year again – tax season. Most Americans dread this annual event, but for those who are lucky enough to receive a refund, it can be a welcome windfall.

However, what many people don’t realize is that a tax refund is actually a repayment for an interest-free loan to the government. By adjusting your payroll withholdings, you can reduce the burden of your next tax refund and put more money in your pocket throughout the year.

Refund is Repayment for Interest-Free Loan to Government

When you receive a tax refund, it means that you overpaid your taxes throughout the year. Essentially, you gave the government an interest-free loan for the amount of money that’s being refunded to you.

Instead of letting the government hold onto your money, why not take steps to ensure that you’re being paid the correct amount throughout the year? By adjusting your payroll withholdings, you can ensure that you’re taking home more money in each paycheck.

It’s a win-win situation: you’ll have more control over your monthly finances, and you won’t have to wait for a lump sum at tax time. To do this, you’ll need to fill out a new W-4 form with your employer.

Adjusting Payroll Withholdings for More Income

When you start a new job, you’ll fill out a W-4 form that determines your payroll withholdings. This form tells your employer how much money to withhold from each paycheck to pay for federal income taxes.

If you’ve received a substantial tax refund in previous years, it’s possible that you’re overpaying your taxes each month. To adjust your payroll withholdings, you’ll need to fill out a new W-4 form with your employer.

The IRS provides detailed tables that show how many allowances to claim based on your filing status, income, and other factors. By increasing the number of allowances you claim, you’ll have less money withheld from your paycheck for taxes.

It’s important to note that if you have other sources of income or tax deductions, such as a side job or charitable donations, you may need to adjust your withholding differently. The IRS provides a withholding calculator that can help you determine the best amount to withhold based on your specific situation.

Selling Unused Items for Cash

Have you ever looked around your home and realized that you have more than you need? Maybe you have some clothes that you don’t wear, or toys that your kids have outgrown.

Whatever the case, selling unused items is a great way to declutter your space and make some extra cash.

Turning Stuff into Money

One person’s trash is another person’s treasure! There are many online platforms that make it easy to sell unused items, such as eBay, Poshmark, and Facebook Marketplace. These platforms allow you to post photos and descriptions of your items, and connect with potential buyers in your area.

To ensure that your items sell quickly, make sure to price them competitively and provide as many details as possible. It’s also a good idea to include clear photos that show the item from multiple angles.

And, don’t forget to factor in the cost of shipping if you’re selling items online. Only Sell Things That Don’t Bring Joy

When it comes to decluttering and selling unused items, it can be tempting to get rid of everything that’s not essential.

However, if you sell items that you love or that bring you joy, you may end up regretting it later on. Instead, focus on selling items that you no longer need or use, but that don’t hold any sentimental or emotional value.

For example, if you have a collection of books that you no longer read, they may be a good candidate for selling. But, if you have a beloved collection that brings you joy and happiness, consider finding other ways to store or display those items.

In conclusion, adjusting your payroll withholdings and selling unused items are two great ways to find extra money that may be hiding in plain sight. By taking control of your finances and decluttering your space, you can improve your financial situation and reduce stress in your daily life.

So, whether you’re looking to pay off debt, save for a vacation, or simply create more space at home, these tips can help you achieve your goals.

Adjusting Budget with Every Raise or Bonus

If you’ve recently received a raise or bonus at work, congratulations! This is an exciting time that can really boost your finances. But, it’s important to make sure that you’re putting your newfound income to good use.

By giving every dollar an assignment and using extra income to eliminate debt or save for retirement, you can make the most of your financial situation.

Giving Every Dollar an Assignment

When it comes to budgeting, many people struggle with where to start. One of the best ways to make your budget work for you is to give every dollar an assignment.

This means that every dollar you make should be allocated towards a specific purpose, whether it’s bills, savings, or discretionary spending. One helpful way to achieve this is by using the 50/30/20 rule.

This rule suggests that you allocate 50% of your income towards necessities, 30% towards discretionary spending, and 20% towards savings or debt repayment. By breaking down your income in this way, you can ensure that you’re prioritizing the important things while still having room for fun or unexpected expenses.

Using Extra Income to Eliminate Debt or Save for Retirement

If you’re struggling with debt or want to start saving more aggressively, using your extra income from a raise or bonus is a great way to jumpstart those goals. By allocating additional funds towards these areas, you can make significant progress and feel more in control of your financial situation.

One helpful strategy is to tackle high-interest debt first, such as credit card debt or loans with high interest rates. By paying off these debts first, you can save money on interest charges and reduce the overall amount you owe.

Additionally, using your extra income to save for retirement can give you a sense of security and peace of mind for the future.

Using Savings Apps for Every Purchase

When it comes to saving money on everyday purchases, using savings apps and coupons can be a game-changer. By maximizing your cash-back and coupon savings, you can significantly reduce your overall spending and keep more money in your pocket.

Here are some popular options for apps and browser extensions:

Maximizing Savings and Cash-Back with Coupons

Coupons are one of the easiest and most accessible ways to save money on everyday purchases. Many retailers offer discounts and promotions that you can take advantage of with just a few clicks.

Additionally, cash-back apps can help you earn money back on your purchases just by scanning your receipts. Popular cash-back apps include Drop, Honey, Rakuten, and Ibotta.

These apps allow you to earn cash-back from your purchases at thousands of retailers, both in-store and online. And, with browser extensions like Honey, you can even find coupon codes automatically applied during online checkout.

List of Cash-Back and Coupon Apps and Browser Extensions

– Drop: This app allows you to earn cash-back on purchases made at hundreds of top retailers. You can redeem your rewards for gift cards at popular retailers like Amazon, Sephora, and Starbucks.

– Honey: This browser extension automatically searches for and applies coupons during the online checkout process. It works with dozens of online retailers, including Target, Macy’s, and Best Buy.

– Rakuten: This app offers cash-back on purchases made at over 2,500 retailers, including Walmart, Kohl’s, and Expedia. You can receive your rewards via PayPal or check.

– Ibotta: This app allows you to earn cash-back on your grocery and household essentials purchases. Simply scan your receipt after each shopping trip to start earning rewards.

– SnipSnap: This app allows you to store and use coupons from your favorite retailers and restaurants. You can search for coupons by location or category, and even receive reminders when coupons are about to expire.

– Checkout 51: This app offers cash-back on popular grocery and household items. You can browse for offers before shopping, and then simply scan your receipt to start earning cash-back.

– Shopkick: This app allows you to earn points for walking into stores, scanning products, and making purchases. You can redeem your points for gift cards at popular retailers like Target and Amazon.

– RetailMeNot: This app offers coupons and discounts for thousands of online and in-store retailers. You can search for coupons by category or retailer, and even receive alerts when new coupons become available.

– Coupons.com: This app offers printable coupons from top retailers and brands. You can search for coupons by category or retailer, and even save your favorite coupons for later use.

– Receipt Hog: This app allows you to earn rewards for scanning your grocery and retail receipts. You can earn coins that can be redeemed for PayPal cash or Amazon gift cards.

Using Category-Specific Apps

In addition to general cash-back and coupon apps, there are also category-specific apps that can help you save money on particular types of purchases. For example, GasBuddy can help you find the cheapest gas prices in your area, while GoodRx can save you money on prescription medications.

By combining the use of these various apps, you can maximize your savings and make the most of every purchase. So, next time you’re shopping, make sure to check your apps and coupons before making a purchase- your wallet will thank you!

In conclusion, finding money hiding in plain sight is possible with small changes to your spending habits and by being smart with your income.

Using store brand groceries, adjusting payroll withholdings, selling unused items, adjusting your budget with every raise or bonus, and using savings apps for every purchase can help you save money, reduce debt, and secure your financial future. By implementing these tips, you can take control of your finances and improve your overall financial well-being.

Remember, every dollar counts, and with a little bit of effort, you can make your financial dreams a reality.

Popular Posts