Make More Money by Saving Money

When it comes to making money online, one of the best ways to do that is to save money offline. I’ve seen post after post about people quitting their day jobs and going to be a full time blogger, or problogger. Not everyone is Shoemoney, and don’t think you can obtain his level of success overnight. I gaurantee you he worked his ass off to get where he is, and you can too.

One of the simplest ways of making money is saving money and making it work for you. Every dollar you have in an account can be making you money by just sitting there accumulating interest or being reinvested in a stock portfolio etc. Now this doesn’t mean you shouldn’t reinvest you’re earned money into your blog to make it grow, but you need to find a balancing point where you can take say 20% of you’re earnings and put them into a savings that doesn’t get touched. The rest you can pay bills, get advertising etc.

To help you save the most money, you should be aware of any deals that will boost you’re savings. One website that I check out fairly regularly is Couponchief.com. It provides you with a wagon full of money saving coupons. If you’re going to be buying stuff, you should find the best deal right? See you’re grandmother had the right idea when she showed up at the grocery store with a bag full of coupons.

I like Couponchief.com. becuase they will link you directly to the store you want to shop in. For example I went and did a quick search for Bestbuy deals as I have one really close to my house (which is a good and bad thing!) and came up with dvd’s for 3.99$. Can’t really beat that. Not that I need to be watching any more movies, I already own about a closet and a half full, but you get my point. Saving 10$ on each dvd if you were going to buy a bunch adds up very quickly. You can then take that money and put it into something useful for you’re blog, lets say advertisement on Adwords for example.

So the next time you’re contemplating buying something online, go check out Couponchief.com, and compare that deal to the deal you may have found if you just walked into the store alone. Do this for say two or three weeks on typical items and compile the savings difference. Take that amount of money, split it 80/20. Put the 20% into a savings account, and then spend the 80% on your blog in some manner. This money management thought process should give you some extra in the bank, and some extra income coming from you’re blog.

If you’ve come up with a money solution that works for you, please comment and share!