How to earn money easily
10 Ways to Earn and Save Money
Earning and saving money can be difficult at first, but it’s not as hard as you think if you
know the right strategies to follow. This guide will teach you how to earn more money and
how to save your money more efficiently so that you can grow your bank account, build
wealth, and pay off debt faster than ever before. Get ready to learn the basics of earning and
saving money in no time!
1) Use cash instead of credit cards
Using cash is a huge step toward living within your means. By paying with credit cards,
you’re essentially tricking yourself into thinking you have more money in your account than
you actually do; therefore, it’s easier to overspend when money isn’t physically there.
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2) Delay buying things
The average American spends more than $1,000 per year on things they don’t need, from
clothes and accessories to furniture. Instead of splurging on these items now, save up your
money so you can buy what you want in a few months or years. By delaying gratification,
you’ll earn and save money by eliminating debt.
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3) Sell your old books and DVDs on Amazon
Have a bunch of old books and DVDs taking up space on your shelves? Even if you don’t,
you should keep an eye out for them when thrift shopping; Amazon will buy your used books
back from you at pretty decent rates. Just type in sell [insert title here] into its search bar.
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4) Invest in CDs
Putting your money in Certificates of Deposit (CDs) is a safe bet for gaining some interest on
your money. A CD requires that you leave your money in an account until it matures. The
longer you keep your cash in a CD, typically, the higher rate of return you will earn. While no
investment is guaranteed, putting your hard-earned dollars into CDs can help ensure stability
should unforeseen circumstances arise.
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5) Rent textbooks
If you're a college student, you've probably realized by now that your required books are
crazy expensive. The average textbook can cost $400 per semester at public four-year
institutions and $500 at private four-year schools. To save money on textbooks, try renting
used books from Amazon.
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6) Get cashback when shopping online
Keep an eye out for cash-back shopping sites when you shop online. You can often get a
few bucks back for your online purchases at popular stores such as Amazon, Target,
Walmart, and more. When paired with coupons and sales, shopping on these sites can be a
great way to save money while making purchases online.
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7) Don’t carry a balance on your credit card. Even if you pay the minimum
amount each month, it will still cost you over $2,000 in interest payments.
Credit card interest rates are high, and paying them off takes a long time. Paying only
minimum payments on your credit card debt will cost you over $2,000 in interest payments
alone. If you’re carrying a balance on your credit card each month, make it a priority to pay it
off as soon as possible. Start saving for retirement.
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8) Switch out old light bulbs with LEDs
All light bulbs are not created equal when it comes to energy efficiency. Incandescent bulbs,
in particular, waste more than 90 percent of their energy as heat. When you replace old
incandescent lights with CFLs or LEDs, you’ll save money on your utility bill—and on a few
new light bulbs.
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9) Adjust your thermostat settings
Going just one degree warmer in winter can add hundreds of dollars to your energy bill over
a year. For each degree you turn up your thermostat in winter, you’ll save yourself around
1% on heating costs, according to Energy Star. The same goes for air conditioning—turning
it down by just one degree will also save money while preventing your family from sweating
all summer long.
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10) Purchase local/organic food rather than name brand/shipping warehouse
products
Not only will you save money, but your food will be healthier. This is a double win-win. Eating
local/organic food is a great way to have access to fresher produce, which means higher
nutrient content. Organic foods also decrease exposure to pesticides, hormones, antibiotics,
and other chemicals which can do more harm than good over time.
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