Define your budget
Saving $20 a day can be as basic as sitting down and crafting a realistic budget. “Our society has done a poor job at teaching people how to save as well as construct a real budget and stick to it,” says Tom Graneau, author of Pennies to Power. He asserts that our money problems can be traced to a lack of discipline rather than a lack of funds. Graneau recommends putting away 15 to 20 per cent of your pay every time you’re paid, making it unlikely you’ll have that extra $20 lying around to spend on something frivolous.
Consign your clothes
When you’ve grown bored with a once-beloved item of clothing, consider its condition. If you feel it’s too good to be put in a charity bin, a local consignment shop or online consignment space could be the perfect place to score some extra cash. “Selling clothes through consignment is a great way to earn money,” says consignment website co-founder Brielle Buchberg.
Make your own coffee
This sounds way too simple but your daily café runs seriously add up, especially if you like the fancy stuff. Once you factor in a café latte, perhaps an overpriced pastry, and a second coffee run later in the day, by the end of the week you have seriously blown your budget. Become a DIY barista and make your own concoctions.
Stretch your dollar even further. Discover cheap ways to make stuff last longer.