Listen Now: Tips For Saving Extra Money Through Quarantine
While you’re stuck at home, think about the one thing you aren’t doing… spending money.
Most businesses are closed and some people are discovering that not dining out, getting haircuts or buying a daily latte is giving them extra money. According to MSN Money, there are nine major categories where people are saving money thanks to social distancing and remote work.
For example: gas. Even if you’re still going into work, gas prices have dropped and the roads are less crowded which means less time sitting in traffic. So, if you set money aside every month for gas, put that savings into an emergency fund for your car to cover future maintenance bills.
Since we have nowhere to go people are spending less on clothes. So, use the time to go through your closet and sell what you don’t want, or make a list of things you need so you don’t overspend.
For more ways you’re saving money and how to put aside even more, check out the original article now. The silver lining will look good in your bank account.
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
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Brian's diverse experience and unique perspectives combine with his pleasant and personal manner to engage audiences on many levels. From his days as an Air Force squadron commander to his long career as a business journalist, commentator and public speaker, Brian's approach to speaking and presentation is thought-provoking, inspirational and creative.
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