The 52 week savings challenge
- Have coffee and lunch. Instead of going out, opt for homemade. Depending on your average spending, this may be enough to meet some of your savings goals later in the year.
- Save your changes. Whenever you use money, keep coins and bills that you can get back.
- Temporary suspend streaming services. Your favorite shows will still be there to watch when you join again. Need an escape? Take time to read. An Economist/YouGov poll found that nearly half of Americans read zero books in the past year. If you can’t go to a public library, you can download – for free – e-books and audiobooks.
Why Does My Latte Cost So Much?
5 ways to save money cooking at home when the budget is tight
If you want more timeless personal finance advice, order your copy of Money Milestones by Michelle Singletary.
BOM – Michelle Singletary’s best in personal finance
If you have a personal finance question for Washington Post columnist Michelle Singletary, please call 1-855-ASK-POST (1-855-275-7678).
My debt repayment story: My husband and I paid off the house in the spring of 2023 thanks to making additional payments and taking advantage of a mortgage recast. Although it lowered my perfect 850 credit score and my column about it sparked some serious debate with readers, it was one of the best financial decisions I’ve ever made.
Credit card debt: If you’re in the habit of carrying credit card debt, stop. It’s just a myth that it can improve your credit score. For those looking to get out of credit card debt, see if a balance transfer is right for you.
Money works for life: For a more detailed look at my timeless money advice, check out Money Milestones by Michelle Singletary. The interactive package offers guidance for every stage of life, whether you’re just starting your career or planning for retirement.
Try it yourself: Do you know where you stand financially? Take our quiz and read more personal finance advice.