Wondering how to become richer? Find out what you can do to easily become $8000 richer this year!
I hate debt. Like, absolutely HATE it. I remember reading an article about debt a while ago where the author said something along the lines of “When you’re in debt, your money isn’t yours.” (It was probably Dave Ramsey, but I can’t remember.)
Now, you might be saying “What do you mean, my money isn’t mine?!” Don’t worry, I thought the same thing when I first read it.
But think about it. It’s true.
Your money isn’t yours if you owe money to someone else.
The money that you worked so hard for, you don’t actually own. Bank of America, or Chase Freedom, or Joe Schmoe’s Used Cars (or whoever you’re in debt to) actually owns your money. Aggravating, right?
My hatred for debt is equaled by my love of setting goals. (That’s why I love the Living Well Planner so much – it has an awesome “Goal Crushing” section for every month. You can read my review of the Living Well Planner here.)
Two of my goals for 2017 are to pay off debt (we don’t have a lot, but I want to finish paying off our car loan) and to become richer. Because who doesn’t want to have more money, right? More money = less debt. Less debt = more freedom. More freedom = awesome.
How do I plan on paying off debt and becoming richer?
By winning the lottery, of course.
I’m just kidding, of course (sort of 😉 )Winning the lottery would be nice (and I’ll admit it – I do buy the occasional lottery ticket!), but there are plenty of much more realistic ways to become richer.
In fact, there are 5 easy things you can do to become at least $8000 richer this year.
How to Easily Become At Least $8000 Richer This Year
Cut the Cable
But what about The Bachelor?! I can’t miss 90 Day Fiance! Shark Tank is my absolute favorite – I’m not giving it up!
I hear you, my friend. My heart breaks into palpitations at the thought of not hearing “Will you accept this rose?” every Monday night.
Worry no more. You can save a ton of money by cutting your cable, and still watch all of your favorite TV shows with a Mohu Digital Antenna (they’re also sleek and stylish – not like the old bunny ears!) and Amazon Prime.
Combine the Mohu Leaf with an Amazon Prime subscription and you’ll have access to all the network channels and thousands of on-demand TV shows, movies, and music. (Added bonus – you’ll get free 2-day shipping on millions of items sold on Amazon.)
You can sign up for a completely free 30-day trial of Amazon Prime here.
Savings from cutting the cable and switching to Mohu and Amazon Prime
$1618 – $168.99 for Mohu and Prime subscription = $1449.01/year
Dye Your Own Hair
When I was a teenager and during my 20’s I used to love making trips to the salon to get my hair dyed. It was so much fun trying out different colors, going from bright red to blonde streaks, to “peekaboo” highlights.
Then I got a gray hair. Then another one. The bane of my existence.
What was once a fun way to experiment with different looks (and spend tons of money) became a “necessary evil” (i.e. getting rid of premature gray hair.)
The average cost of getting your hair dyed at a salon costs between $100-$150 and to keep your dye job looking fresh you have to go to the salon about once a month – pretty costly!
I got sick and tired of spending so much time and money at the salon, so I bought a $6 box of dark brown hair dye (this is the one I use – I love it) and I can’t even tell the difference. Seriously.
Savings from dyeing your own hair = $1200-$1800/year
Stop Eating Out
Don’t get me wrong – I love eating at restaurants as much as the next person. But there’s no denying that it’s an expensive habit.
The average restaurant meal is around $13/person (or more, depending on where you live.) For two people, that’s $26 a meal.
Over the course of a year, eating out just twice a week will cost almost $2500!
Making your own meals at home is going to save you a ton of money. However, if you’re like me, it can be difficult trying to come up with different meals each week. (My husband loved my sweet potato chili until he ate it for the 10th time that month 😉 )
If you need some help with menu planning, I recommend checking out $5 meal plan. For just $5 a month, you’ll get a new menu delivered straight to your inbox, with most of the meals costing around $2 per person. You can find out more about $5 meal plan here.
Savings from making your own meals at home
$2496 – $60 for $5 meal plan = $2436
Cancel Your Gym Membership
One of my goals for 2017 is to get fitter, so it may seem counterintuitive to cancel a gym membership. But there are plenty of free (or substantially cheaper) ways to get fit.
The average gym membership costs around $60/month and the majority of the time, it’s majorly underused.
Instead of a gym membership, here are some alternative ways to get fitter in 2017:
Walk outdoors – free
Jillian Michael’s 30 Day Shred DVD – about $8
Use the “7 Minute Workout” app – free
Savings from canceling your gym membership = $720/yr
Start Completing Online Surveys
In this post about things to give up to get out of debt, I wrote about better utilizing your free time.
While online surveys aren’t the most exciting thing to do with your spare time, they are a good way to make a bit of extra cash.
I make between $100 – $200 a month taking online surveys (depending on how much time I dedicate to it) and I usually do them while we’re watching TV in the evening.
The best survey sites that I recommend starting with are:
Swagbucks is actually more than just a survey site. There are plenty of surveys for you to take, but you can also make money by using the Swagbucks search engine to search online, watching videos, completing online polls, etc. Click here to sign up for free with Swagbucks.
Another great survey site that can help you make some supplemental income while you’re vegging on the couch watching TV. Join here for free.
Like Swagbucks, you can also make extra cash with InboxDollars in a variety of ways. InboxDollars also has free cash sweepstakes you can enter (you can gain entries by spinning “Billy’s Spin to Win” wheel which is actually kinda fun 🙂 ) Join here and get a bonus $5.
Ibotta actually isn’t an online survey site, but it’s too good for me not to mention here. Ibotta is an app that gives you cash rebates for your grocery purchases. I have over $140 in my Ibotta account right now, so I can testify that it’s legit. One of my favorite things about Ibotta is that the cash rebates aren’t brand specific, meaning you can buy “any brand of cereal” or “any loaf of bread” and get cash back. They also regular offer cash rebates for buying fruits and vegetables. Join here and get a bonus $10 after you claim your first rebate.
Extra money from taking online surveys and getting cash back from Ibotta = $1800/year
While all of these steps are relatively small, the savings really add up over the course of a year.
The total potential savings by implementing all of these steps is around $8205.
That’s a lot of money. Imagine if someone said they’re going to write you a check for $8205 every year. You’d be pretty stoked, right? I know I would. I hate to be the bearer of bad news, but that’s probably not going to happen.
What would an extra $8205 mean to you?
To me, it means finishing paying off our last debt (besides our mortgage.)
It means being able to take my son to meet his family in Australia.
It means a WHOLE lot.
Try implementing all of these steps and then come back and let me know how much extra money you have at the end of the year!
I’d love to hear about it 🙂