These times are challenging, but there are also new opportunities for saving money. Here are a few ideas.
- If you are now working from home instead of commuting, use your one or two hours a day that you used to spend in the car to do something lucrative. You could take on a side gig at upwork.com or call your home/auto insurance company or credit card company to see if they could provide better rates.
- Look into applying for pandemic related assistance if needed. You may be able to get help with your rent, added food stamp benefits, paid sick leave and/or student loan deferrals. This website provides helpful information: https://www.usa.gov/covid-financial-help-from-the-government
- Book staycations or local trips that don’t require paying for airfare.
- Cancel anything you no longer use. If you don’t go to the gym or listen to your music streaming service, cancel your memberships. If there are magazines you don’t read or TV streaming channels you don’t watch, cancel those as well.
- If you are driving less, eating out less, traveling less now, think about continuing that trend when things return to normal so you can continue saving money in the future.