Between jobs and struggling to get away with regular lifestyle choices? Until a hiring manager calls with good news, you need to make a few cuts, but you’ll want to do more than just survive.
You want to prosper! Here are five ways to hack your budget between jobs and save money.
1. Cut the cable and respect the tube time
You may have given up your New Year’s resolutions by now, but you can cut other bills in your life. Start small. Completely cut the cord and keep your tube time intact.
Consider casting TV shows from your smartphone to the big screen via Google Chrome, Roku, or a similar device if you’re the type who just needs background noise and loves old shows. Channels like HBO and NBC have apps available but offer a monthly fee that is much less monthly. YouTube has some content that you can stream for free, especially if you love cat videos and keep up with your favorite vloggers.
You’ve heard of Netflix, which is great, but there are more options to choose from – even combine them to get the viewing experience you want for less. You can still access live TV if you cut the cable with streaming subscription services like:
- loop starts at $ 20 and increases depending on the package, and you can customize your package with add-ons for Spanish-speaking channels and sports.
- Hulu starts at $ 40 per month for 55 channels spanning various large networks like NBC, FOX, and CBS.
- PlayStation Vue Starter Packs offer 45 channels with Access / Access Slim: 40 USD / 30 USD per month with up to five continuous streams at the same time.
2. Hack home and living expenses
Ideally, your home budget should never exceed 30 percent of your net wage, and for homeowners, that total includes home insurance and property tax. Typical home repairs vary, but it is wise to schedule the same for renters who are responsible for any damage they contribute to or cause.
Most do not live in ideal circumstances. Half of your monthly takeaway salary goes towards the mortgage or rent, especially between jobs. Try to live by the 50/20/30 rule where you are still flexible but have a healthy budget for housing and living expenses:
- Fixed costs should only consume 50 percent of income and apply to fixed monthly costs such as rent and internet.
- savings should include 20 percent Of your income.
- Variable costs should just use up 30 percent Your income and include expenses such as groceries, entertainment, and clothing.
Adjust these percentages according to your circumstances to work towards the rule for a healthier financial balance.
In the meantime, where can you cut or hack your expenses? Invest in a French press to go to Starbucks every other day. Cut down on gym fees and use free weights and ride a bike or dance. Rent a room on Airbnb or find a roommate. If you have an ability to teach others, put it to use for a reasonable fee.
3. Take transportation inequalities by bike
Transportation costs take up a surprisingly large chunk of your monthly budget, especially if you are a car owner. The good news: This opens up more opportunities for you to save.
When buying or trading in a car, do your research first. You’ve likely considered the cost of the deposit and closing, but there’s more. Do you drive around 15,000 km a year? The average total cost of owning a car in 2017 was $ 8,469 for tracking that mileage, and does not include the monthly car payment.
Each model is different, as are the additional operating costs. How much does the gas tank hold in the city or on one of your famous road trips? Don’t forget about loan payments, regular maintenance and emergency repair costs. You never know when to replace the fault line.
Buy Cheaper Auto Insurance: One study found a $ 850 annual discrepancy between the lowest rates and the average deal you get. So, look around for multiple offers from agents and auto insurance providers, and don’t discount small ones – they have some of the best prices out there. Buy discounts on your policy, e.g. B. In-car anti-theft, AAA, low mileage and multiple cars.
These little discount hacks add up, but you can always consider alternative modes of transport, such as getting to work by bus or bike.
4th Handle more than ramen
There is nothing wrong with making a living on ramen. You can add fish and vegetables and bake them like casseroles. Ramen is versatile, but you need a more balanced diet to maintain your health. Eat your variety of fruits, vegetables, meats and breads, even on a budget, based on the variety you can find in the house.
Use the power of Pinterest to create meal plans, shop and save. For example, if you don’t cook to eat cheap and healthy food, Crockpot is and tips on what to do with leftover turkey slices, how to make different curries and tons of beans tastier.
Make versatile and large servings of slow cooker recipes like baked potatoes, bone broth, and pulled pork – save the leftovers as frozen meals. You will actually know what is in your food because you prepared it.
Clean up a thrift store cast iron pan and use it for a variety of cooking methods: baking, roasting, and more. Don’t be afraid to experiment with vegetarian and vegan meals and use high-protein vegetables like cauliflower in your meals. Buy wraps and make enchiladas one night and a chicken salad wrap the other day.
5. Force yourself to save
Terrible at saving? It’s hard to help out between jobs – using up emergency funds is almost weekly or monthly, depending on your circumstances.
Save with the power of technology while improving your credit score in the process. Apps like Qapital and Digit let you set rules for saving when you auto-spend or set aside money for different goals, and even provide you with a spending map regardless of your goals. Give yourself a buck every time you go to Starbucks and put money aside to pay off debt.
It’s also worth checking out secured credit cards and loans that require depositing funds as a spending limit on a card or subtracting a monthly amount to save for you. Such services usually contact the major credit bureaus to improve your credit score, but do not go this route unless your budget allows it.
These simple changes can save you money between jobs, which doesn’t mean you have to lead a bare existence. Your health and happiness are important – it’s all about figuring out what works for you.