9 Tips to Save Money When You’re Struggling to Pay Bills

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By Amanda Weiss

There is no doubt that dealing with finances can be tough. And if your job just isn’t paying enough for you to get by comfortably, you might need other options. For instance, you may need to change your habits so that you spend less and can make your dollars stretch. Since it can be easy to spend more than necessary without realizing it, even small changes can help. Once you learn the best ways to save, you will have security in your ability to afford the necessities. Additionally, you will get a better sense of how to handle your funds. To get you on the right track, here are 9 tips to save money when you’re struggling to pay bills.

1) Open a New Bank Account

Though it may sound somewhat counterintuitive, opening a new bank account can set you up for saving big. When you open an account, you will need to put in a minimum deposit. This will force you to set aside some of your money. And having the new account will feel like a fresh start. Thus, you will feel more encouraged that you’ll be able to build up your funds. You may also want to carefully consider the various types of accounts. If you make a savings account and plan to not withdraw money often, your deposits can add up with interest paid monthly. You can find out which accounts are more difficult to withdraw from and which offer the best interest. This will allow you to build up money that you can have for emergencies or a rainy day.

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