3 Ways to Save $100 in November

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Want to bank an extra $100 as we head toward the end of the year? Read on for ways to get it. 

It’s hard to believe that we’ve reached the second-to-last month of 2023. But at this point, stores are blasting Christmas music, supermarkets are advertising turkey specials, and just about everyone is starting to fall deep into holiday mode.

At a time like this, you might assume that adding an extra $100 to your savings account is a tall order. But here’s how you can boost your cash reserves by $100 this month without breaking a sweat.

1. Steer clear of pre-Black Friday deals

In the weeks leading up to Black Friday, you’re apt to come across your share of deals from a variety of retailers. Costco, for example, has a host of sales running right now through Nov. 12 specifically.

If you’re serious about growing your savings in November, don’t rush to capitalize on those deals unless there’s an item on your holiday list available at a discounted price. It can be tempting to stock up on fun kitchen gadgets or holiday sweets when they’re marked down. But if those aren’t things you need, the simple act of resisting temptation could help you meet your year-end savings goal.

2. Cut back on some of your Thanksgiving expenses

In 2022, the average cost of a Thanksgiving dinner for 10 was $64.05, according to Farm Bureau data. But if you’re hosting a larger crowd or you’re someone who tends to go all out for Thanksgiving, then your 2022 tab may have been much higher. And you may be facing comparable costs in 2023.

If you’re looking for a way to save $100 this month, one thing you can do is go lighter on your Thanksgiving spending. Instead of buying desserts from the higher-end bakery in town, get them from Costco, or ask friends to bake.

In fact, there’s nothing wrong with making this year’s Thanksgiving dinner a potluck affair if you’re trying to boost your savings. Assign each guest a side dish, appetizer, dessert, or beverage so you’re not stuck paying for every single grocery item on your list. And if you don’t feel comfortable outsourcing so many food items (say, you want to be mindful of allergies), at least ask guests to BYOB so you’re not spending a small fortune on wine.

3. Take on a seasonal side hustle

You may not have the desire to work a side gig all year round. But if you’re willing to hustle a bit in November, you might manage to pad your savings nicely.

This is a time when many people are eager to find unique gifts for friends and family. If you’re a baker or crafter, you can try to sell your wares and add your profits to your bank account.

You can also look at doing things like house-sitting or driving for a ride-hailing service in the coming weeks. People may be more apt to need the former due to Thanksgiving travel. And many people may be flying in to see family for the holiday, so if you live near an airport, you might manage to earn $100 by driving for a service like Uber over the long weekend alone.

Having an extra $100 in your savings could help you approach the new year with more financial confidence. And these moves could be your ticket to that extra cash.

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The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.Maurie Backman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale and Uber Technologies. The Motley Fool has a disclosure policy.

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