Forbes Health surveyed 1,000 Americans to find out what their 2024 resolutions were and as you might guess at number one, with almost half of respondents, was the perennial plan to get physically fit. Of those asked in the survey though, the second most desired improvement people said they will embark on this year is shoring up their finances.
That shouldn’t come as much of a surprise after a bout of inflation which fortunately has come back to earth. But how can one go about improving their economic situation? There is always picking up a side hustle to bring in extra cash, but it also helps to get expenses under control.
Budgeting tips: 8 ways to save money on essentials
Getting a handle of what you are spending and setting up a budget can seem a daunting task especially when you feel that you can’t make ends meet. There is no one-size-fits-all answer for how to budget but one simple money-management guideline is the 50/30/20 rule.
The biggest portion of that budget rule is dedicated to necessities like shelter and putting food on the table. Speaking to GoBankRates middle-class Americans gave their tips for saving a dime or two.
Saving money on food
Food is the second biggest expense for US households, when the cost of eating out and groceries is combined, after housing. Two ways that you can save money, potentially hundreds a month, are eating out less and planning your meals in advance.
The cost of eating out soared in the wake of the pandemic as the inputs for