Skip to content

Kick-Start a Savings Account

What if you’re having trouble finding money to put aside for a rainy day? Here are some ideas to help you think of new ways to bring in some cash for an emergency fund:

  • One of the best ways to generate cash in a hurry is to sell something. Look around you. Someone (probably you) paid for what you are looking at. Chances are you don’t need all of it. Selling it can kick-start an emergency fund. So have a garage sale. Sell big-ticket items on Craigslist. Or…
  • Did you know you can sell used books, textbooks, CDs, and DVDs to Amazon.com? You go to Amazon’s buyback webpage, put it the barcode of the item into the search bar and Amazon will tell you if they are willing to give you Amazon.com credit for the item. THEN Amazon pays for the shipping. You just have to box it up and slap the free shipping label on it. No, you won’t get a lot of money and the money will be in the form of an Amazon gift card. But I have done some of my Christmas shopping this way for a couple of years.
  • Do you have a talent or service you can charge for? Bake cakes? Sing? Play an instrument? Mow lawns? Cut hair? Pet sit? Paint walls? Run errands for homebound people? Make soap? Make-up artist? The possibilities are endless, so get creative. You don’t have to do it full-time, but make a commitment to save the money you earn.
  • Save all the change you get back or find. (Hint: There is a lot of fallen change to be found near vending machines and parking meters!) There won’t be enough to send you on a European vacation, but every little bit helps! Your bank or credit union probably has a free coin counting machine, so make sure you ask before spending hours rolling coins.

Start to think creatively about generating more cash to help you reach your savings goals - you never know how much you might save!


Joanna B. Says: 101 Ways To Be Smart About Money by Rebecca Vickers
Amazon Says: This book gives 101 facts and tips that will help readers save and spend wisely. Information on credit also included. more...
Amazon Says: This book gives 101 facts and tips that will help readers save and spend wisely. Information on credit also included. less...
Amazon

Joanna B. Says: Budgeting Smarts by Sandy Donovan
Amazon Says: Budgeting. That sounds like a lot of work! But actually, budgeting is easy. You just need to make sure the money you have coming in is equal to or greater than the money you h more...
Amazon Says: Budgeting. That sounds like a lot of work! But actually, budgeting is easy. You just need to make sure the money you have coming in is equal to or greater than the money you have going out. If you make a budget and stick to it, you'll be surprised what you can accomplish. You can save money for a car or college--and still have spending money in your pocket. This book explores budgeting from all angles. You'll discover how to make your own budget either with a computer program or with simple pen and paper. how to evaluate your financial goals and priorities to make sure you have money for the things you really care about. the ins and outs of banking, saving money, and earning interest. how to make smart spending decisions to make the most of your cash. the benefits and the dangers of using credit cards. Supplemented with articles and information from USA TODAY, the Nation's No. 1 Newspaper, Budgeting Smarts delivers solid advice and firsthand stories of real teens handling many of the same money decisions you are. Ready to wise up to budgeting? Read on! less...
Amazon
Print

Comment about this page...