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Want to grow your savings modestly in June? Read on to see how.
Inflation has been surging for about two years now, and that’s forced many people to raid their bank accounts rather than add to them. If you’re looking to add money to your savings account this month, here are a few ways to do so to the tune of $100
1. Have a low-key Father’s Day
Consumers are planning to spend an average of $196.23 on Father’s Day this year, reports the National Retail Federation. If you have similar plans, cutting back on some of your Father’s Day purchases might easily allow you to put an extra $100 into your bank account this month.
Before you buy your father an expensive gift, think about the things that are most important to him. He might enjoy a low-key outing with you over a fancy gadget that busts your budget.
Similarly, if you’re planning to take your father out for a fancy dinner, consider scrapping that plan. He might prefer a day where you go out fishing, catch your own dinner, and cook it together.
2. Get ready to grill — or cook — more
Now that we’re in the warm weather season, it’s a great time to bust out your grill and do more of your own cooking. And if you’re not a fan of grilling, that’s fine — you can stick to indoor cooking instead.
The point either way, though, is to cook more of your meals at home. Doing so can be a lot less expensive than ordering takeout and delivery, especially if you have a larger family to feed.
3. Maintain your own lawn
During the month of June, many homeowners have to mow their lawns and trim their shrubs on a weekly basis. If you’re willing to do that work yourself rather than outsource it, you could easily bank an additional $100 this month.
HomeGuide says that you might pay $25 to $50 per hour to hire a single landscaping professional, or $50 to $100 per hour for a two-person landscaping crew. Now, let’s say it takes an hour per week to tackle your lawn care. Even if you can find someone to do the work for $25 an hour, that’s $100 you’re shelling out. Do the mowing and other lawn labor yourself, and that money can stay parked in your bank account instead.
Sometimes, saving money is a matter of doing certain things yourself rather than paying for the convenience of having them done for you. Other times, it’s a matter of spending judiciously on major events. If your goal is to save $100 this month, go easy on Father’s Day, and push yourself to cook more meals and maintain your own lawn.
Of course, there are many other steps you can take to boost your savings this month, from canceling different services you don’t really need to working a side hustle. But these particular moves might individually result in $100 of savings, so they’re worth looking at if you want to grow your cash reserves in June without having to stress yourself out in the process.
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