Whether you’re hundreds or thousands away from hitting your savings goals, you’re probably on the lookout for smart ways to supercharge your efforts. Fortunately, moving the needle in a big way doesn’t require a major or painful lifestyle change—as these seven savers prove.
They tell us how they dialed up their efforts with some simple yet extremely effective hacks—and ultimately saved thousands.
Nick D’Urso, 27, co-founder of a nutrition company in Brooklyn, N.Y.
“This may sound like the simplest idea ever, but I’ve been able to save a pretty good chunk of money just by stockpiling my $1 bills over the last five years. For example, if I buy something for $16 and pay with a $20, I take the four leftover singles and put it in a safe.
It took some getting used to, but now it’s become a habit I don’t even think about. The best part? I’ve saved over $9,000 this way! I’ve been tempted to spend it over the years, but I’m happy to say that my willpower prevailed. My big-picture goal is to put a down payment on a house, so I’m keeping my eye on the prize.”
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Elizabeth Jenkins, 28, communications manager in San Diego, Calif.
“Whenever I’m planning a vacation, I always list my apartment on rental websites, like Airbnb and HomeAway, for the days I’ll be gone. It’s a quick and easy way to help cover the cost of the trip and sock away some additional funds.
During peak travel season, which is May to October in San Diego, I take it a step further by renting out my couch to budget travelers via Airbnb. I love meeting new people, so it’s like free money. At the height of the season, I rent out my entire home. I’ll either stay with a friend or in a budget hotel outside the city, then pocket the profits. I’ve been doing this for a little over two years and have saved roughly $5,000 as a result.”
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