On a Budget? Easy Ways to Plan for Life’s Accidents
Wednesday, April 1, 2020, 6:00 AM | Leave Comment
We all need to prepare for life’s accidents. It seems like emergencies can happen at the most inopportune time.
Just because you are on a budget, it doesn’t mean that you can’t prepare for them.
Here are some easy ways to plan for life’s accidents.
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Take On Some Side Work
Even if you work a full-time job, you may still have a bit of free time on your hands. You can use it to take on some side work. You can do things like babysit, clean houses, deliver food or cut lawns in order to earn some extra cash. You can use this money to put into your savings account just in case you need it for an emergency. Many of these jobs you can do when you have free time. You won’t be committed to doing them every single day and can easily take time off. By working even just a few extra hours every week, you can save a significant amount of money that you can use for one of life’s accidents.
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Shop Around When Something Is In Need Of Repair
It seems that something is always breaking. If you can’t fix it yourself, then you will need to pay for the repair. However, don’t just go with the first repairman that gives you a quote. Make sure you shop around. You will often find that prices can vary greatly with each individual. For instance, if you are in need of car repair in boulder, CO, you might find that you are quoted a lot of different prices. This is why you need to shop around. Choose someone to do your repairs that gives you a reasonable quote and has good online reviews.
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Get Rid of Extras
There are probably all sorts of extras that you can eliminate from your budget. If you have cable, get rid of it. You can probably watch your favorite shows online anyways. Cancel your gym membership, and go for a run instead. Skip shopping for new clothes, and try to work with what you have. Don’t spend money on entertainment. Look for free things to do in your city like concerts or lectures. By getting rid of all of these extra things, you can save as much as you can for life’s accidents even if you are on a tight budget.
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Revamp How You Buy Food
Food may be one of the biggest expenses that you have every month. Fortunately, it’s also one of the easiest places that you can save money. Shop one day later every week. Within seven weeks, you should have been able to save the equivalent of what you’d spend on one week’s worth of groceries. Cook in bulk. It’s often cheaper to buy larger quantities of food, and you can use the leftovers to bring to work for lunch. This will allow you to stop eating out for lunch as well. Try to only shop deals, or use coupons whenever you can. Switch to generic foods, and don’t splurge on prepared or expensive food items that you really don’t need.
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Use Cash Instead Of Your Debit Card
It’s easy to spend too much money if you use your debit card instead of cash. You may have difficulty tracking your expenses, and you won’t have enough money to save for life’s accidents. This is why you need to use cash instead of your debit card. You will end up spending less money, and you will find that you won’t splurge so much. By using cash, you will be able to stick to your budget more easily than you may be able to if you use your debit card all of the time.
In conclusion, you can still save for life’s accidents even if you are on a budget. By utilizing the tips mentioned above, you can come up with some extra money to put into your saving’s account. While it may be difficult to really make sacrifices and lessen your spending, it will be worth it so that you can be prepared whenever one of life’s accidents happens.
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