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4 tips for saving up money fast

Do you need to save up some money quickly? Everyone has their own reasons if there’s a sudden need for cash, and the following tips can help you to save some extra money fast:

1. Sell things

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Whether you have a lot of junk around your home that you’ve been meaning to get rid of, or other items that you just don’t use enough (or at all), you can potentially sell those things if you’re looking to save money quickly. This means everything you could potentially let go of, including that shirt you wore once 14 years ago and haven’t even looked at since. Have a garage sale, and then sell the remaining items online. You’ll be surprised at what people will buy, and even if you think it’s crap, you could make a few extra bucks by getting rid of it.

 

2. Cancel things you don’t use

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How often do you really watch all 500 cable television channels that you’re paying for, or how much of that cell phone data are you actually taking advantage of? Cut back (or eliminate) what you don’t use enough of, or make some sacrifices and get rid of those non-essentials completely. If you truly need to save some extra cash quickly, this can make a huge difference.

 

3. Don’t eat out

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A lot of the time, you can save a great deal of money by eating all of your meals at home, especially if you stick to simple, basic ingredients and easy-to-prepare food. It may take some discipline if you’re used to eating out, but make the decision to eliminate all restaurant, fast food, and take-out visits until you save the extra money you need. If you’re a bad cook, just suck it up and apologize to your family in advance. They might hate you for a little while, but your bank account will thank you.

4. Don’t pay for things you could get for free

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You might be paying for plenty of things that you don’t have to, like, at all. Carefully consider where your money is going, and think of alternatives and ways to get those same products/services at no cost (legally, that is). For example, if you’re paying for a pricey gym membership, take your workouts outside or stream some free video workouts at home. If you find that you buy books a lot, check out your local library instead. Even if the sacrifices and cutbacks are temporary, eliminating these additional expenses can help you get the money you need, and faster.

 

Are you receiving long-term payments from an annuity or structured settlement, but need to receive your money sooner? J.G. Wentworth may be able to help. At J.G. Wentworth, we can potentially purchase some or all of your future payments and provide you with a lump sum of cash. Contact J.G. Wentworth today to learn more about selling future payments for a lump sum payment.