Get $500 to Spend on What You Want!

Get $500 to Spend on What You Want!

Half of my friends—even ones with good-paying jobs—live paycheck to paycheck. Saving even $500 seems like an impossible task.

I know because I used to do the same thing. It’s hard to put money into savings when you’re paying off student loans, credit card debt, and use the air conditioner during summer. Just a couple of years ago, The Wall Street Journal reported that twenty-somethings had a negative 2 percent savings rate. Things have turned around in the past two years, with different surveys reporting that Millennials are now actually out-saving older generations by a considerable margin, and socking away anywhere between 5 and 7 percent of their annual income.

Even if you’re budget is razor thin, you can and should save money for the big things in life, like a house (assuming you want one) or old age (which will come whether you want it to or not).

And if you have some savings, you won’t have to pull out a credit card when your car breaks down, or some other emergency pops up.

Here are some simple ways to save your first $500 fast.