5 Tools And Resources That Can Help You Save Money

Helpful Resources For Saving Money

Signs That You May Have Debt Problems

If any of these warning signs highlighted by the U.S. Department Of Labor apply to you, it may be time to seek out professional advice about how to get out of debt.

• Borrowing to pay off other loans
• Creditors calling for payment
• Paying only the minimum on credit cards
• Maxing out credit cards
• Borrowing to pay regular bills
• Being turned down for credit

The Psychology of Money-Saving

10 Tips For Retirement Savings

According to the U.S. Department Of Labor, these tips can help people toward their goals when there isn't much time left before retirement:

1. Know that it's never too late to start
2. Put as much as you can into tax-sheltered retirement plans
3. Reduce expenses and funnel savings into your nest egg
4. Take a second job or work extra hours
5. Diversify your holdings & keep an eye on fees
6. Retire later or consider working part time before retiring completely
7. Refine your goal and be realistic about the lifestyle you can afford
8. Delay taking Social Security
9. Consider moving to a less expensive home
10. Sell assets that aren't producing much income

Quick Tips for Being Frugal

• Make a budget and plan expenses in advance
• Keep track of your daily spending habits
• Reduce your usage of water and electricity as much as possible
• Maintain an emergency fund
• Let spare change add up by storing money in a piggy bank
• Cancel services you no longer use
• Think of prudent alternatives such as cooking instead of eating out, or making a gift instead of purchasing one

What's The Fastest Way To Pay Off Debt?

In Depth

Managing finances can sometimes feel like a daunting task, especially when balancing various expenses such as rent, utility bills, everyday needs, and debt. Luckily, countless experts from all around the world are sharing their advice on how to maintain a more frugal lifestyle. With that in mind, here, in no particular order, are some helpful money-saving tools and resources.

First up, at #1, we have Much More With Less. Created by personal finance journalist Faith Archer, it is a blog about living on less and making the most of it. Archer writes about everything from food and finance to family activities, flowers, and fitness, all with a frugal spin.

The blog features thrifty guides about keeping expenses low while still having fun on a budget, including tips on how to spend less during holidays, cut down on food costs, and stop impulse spending. Archer also publishes articles on some of the ways one can earn extra money, such as cashback on shopping, interest on savings, and investing.

Archer also publishes articles on some of the ways one can earn extra money, such as cashback on shopping, interest on savings, and investing.

At #2 is Cowrywise, a digital wealth management platform based in Nigeria that aims to make saving and investing more accessible and worthwhile by making it easy to understand. There are multiple ways to save using the platform, including Saving Circles and challenges, where users can join other individuals in meeting set goals.

Cowrywise's blog also has articles that explain the basics and importance of saving and investing, as well as the differences between the two. It also contains various tips and guides, such as how to manage a personal financial crisis, how to set up an emergency fund, and how to discuss money in relationships.

Next, at #3, we have And Then We Saved, a blog run by Anna Newell Jones, whose methods aim to help readers save more money and become debt-free. Her book, The Spender's Guide to Debt-Free Living, is a self-help manifesto filled with do-it-yourself ideas, insight from experts, and practical advice on how people can transform their lives by changing their spending habits.

Her book, The Spender's Guide to Debt-Free Living, is a self-help manifesto filled with do-it-yourself ideas, insight from experts, and practical advice on how people can transform their lives by changing their spending habits.

Jones is widely known for her Spending Fast concept, an extreme method of getting out of debt quickly by only using money on necessities such as food, rent, utilities, and medicine. Aside from sharing money-saving techniques on her blog, she also teaches an interactive, step-by-step course known as the Spending Fast Bootcamp.

At #4, we have Share Save Spend, a financial consulting and education firm focused on helping others create, plan, and map an overall family money strategy with specific, measurable outcomes. Founder and president Nathan Dungan's presentations offer simple and immediate ways for youth and adults to develop healthy money habits and enhance their financial wellbeing.

Share Save Spend's subscription-based virtual library, Money Sanity U, is designed for organizations to address the topic of money and the role it plays in people's lives. It features various videos, resources, conversation starters, and activities to proactively tackle a wide variety of issues in a simple, interactive format.

It features various videos, resources, conversation starters, and activities to proactively tackle a wide variety of issues in a simple, interactive format.

Finally, at #5, we have Clever Girl Finance. Founded by Bola Sokunbi, it is a mission-driven financial education platform that aims to inspire women to pursue and achieve financial independence. It provides guidance through free resources, which includes personal finance courses, one-on-one mentor calls, articles, audio content, and a supportive community.

In the Clever Girl Finance book, Sokunbi draws on her personal mistakes to educate and empower a new generation of women on their journey to financial freedom. Some of the book's lessons include how to monitor expenses, keep credit in check, invest in your future by building a nest egg, and more.