save money new year

How To Save Money In The New Year: 8 Awesome Ways To Save Your Cash

Many individuals set New Year’s resolutions to save more money, but they don’t come up with a plan to make this dream a reality. Unless you come up with practical ways for how to save money in new year, the task can feel impossible.

Luckily, we have come up with 8 ways to save money this year. To learn some unique and effective ways to save your cash, keep reading. And for when you need cash immediately, learn about fast payday loans online.

8 Awesome Ideas For How To Save Money In New Year 2022

1. Set Goals

An important part of saving money or accomplishing any New Year’s resolution is to set an explicit goal. Your goal should not just be to save money. Instead, you should create a goal about how much money you want to save.

For example, “Save more money is too vague.” A goal such as “Save $1000” is much more effective and specific. You might want to set other specific goals, such as “Only eat out once a week to save more money.”

2. Budget

To save money, you must budget your finances so that you have enough cash to pay your bills, pay off debt, and save. You can think of budgeting as the road map for gauging your spending and saving habits.

Create a budget that matches your current incomes and expenses. It’s a good idea to budget about 50% of your income on necessities, 30% on entertainment and other payments, and the remaining 20% on savings. Then, follow the budget strictly by monitoring all spending and adjusting it as required.

3. Automate Savings

To ensure that you always set aside cash for yourself, automate your savings. Automating your savings means that a certain amount of your income will automatically go into a savings account, not your checking account. That way, you don’t have to think about saving any money since it is done automatically.

4. Stop Smoking

On average, smokers spend around $2300 per year on cigarettes alone. If the health benefits of kicking the addiction are not enough to get you motivated, the financial repercussions might. You can set aside all your extra money for your savings.

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5. Utilize Sales and Promos

No matter how great you budget, you will have to shop occasionally. Instead of shopping for items at full price, utilize as many sales and promos as you can. That way, you can still purchase the items you need while paying less. It’s just one more way for how to save money in the new year 2022.

One important thing to note about this tip is that you should not use sales and promos to buy items you don’t really need or want. Just because an item is on sale does not mean you need it. So, only purchase things you actually need and see if you can find them on sale.

6. Get Cashback

There are tons of cashback apps and services that can help you get a little bit of cash back for every dollar you spend. Much like the tip above, this allows you to save money, even when you are shopping. Still, only use cashback services on items you actually need. Some of the best cashback apps include ibotta, Fetch, Get Upside,, and Rakuten. Using different types of cashback services can help you maximize your dollar.

7. Stop Eating Out

The average American household spends around $3000 every year eating out. That’s a whole lot of money you could be saving. Stop eating out to save thousands of dollars every year. If you can’t stop eating out completely, at least cut down. This will also help to shrink your waist size.

8. Cancel Subscriptions

Subscriptions can rack up a lot of money quickly without you even realizing it. Although some subscriptions you might want to keep, definitely cancel the ones you don’t truly use or appreciate.

You can do this by going through your credit card or debit card statement to see what subscriptions you are being charged for and then canceling them. There are also some budgeting services that will automatically search for your subscriptions and recommend the ones you should cancel.

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Need Extra Cash Now? Try Fast Payday Loans Online

If you want to know how to save money in New Year 2022, you might need a little bit of cash in the meantime. Fast Payday Loans of Kentucky, LLC offers fast payday loans online that can provide you with same day cash of $100 to $500, depending on how much you are eligible for.

The first step in getting fast payday loans online is to fill out the free online form. Then a representative will call you to schedule an appointment at the store. The application process can take as little as 30 minutes. If approved, you can get the money you need the same day.

Apply For Fast Payday Loans Online Today!

Kick start the new year with smart financial goals and practical ways to save your money. Any one of the 8 tips above can help you save a lot of money this year. If you need some money in the meantime, apply for a payday loan from Fast Payday Loans of Kentucky, LLC by filling out our quick online form.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Daniel Dewitt

Daniel Dewitt is a lifetime blogger with a finely-honed ability to break down, analyze, and interpret economic trends for the layman. He's fiercely invested in spreading financial literacy and helping everyday people gain the tools they need for their own economic success.