5 Quick Money Moves To Boost Your Savings Balance

No one likes feeling like they’re running out of money. However, if your savings are running low, it’s essential to take quick action to keep your finances on track. Here are five quick money moves when your savings are running low.

1. Boost Your Income

Many of us find ourselves in need of a little extra cash at one point or another. If you’re looking to boost your income, there are a few different avenues you can explore. For example, you could get a part-time job, start freelancing or look for ways to make money from home.

Get a Part-time Job

One of the most straightforward ways to bring in some extra cash is to get a part-time job. This could be anything from working in a retail setting to taking on odd jobs for people in your community. This will give you extra money to work with each month and help you build new skills and gain valuable work experience.

Start To Freelance

If you have a particular skill or talent that others are willing to pay for, freelancing can be a great way to bring in some extra money. You can use sites like Upwork or Fiverr to find clients willing to pay for your services. This can be a great option if you have some flexibility in your schedule and want to be your own boss.

Make Money From Home

There are also several ways you can make money from the comfort of your own home. One option is to take online surveys. Companies often pay people to answer questions to understand their target market better.

Another option is to sell items you no longer need, such as clothes, furniture, or electronics. You could also start a small business from home and sell products or services online.

2. Cut Back on Your Spending and Save Money

It’s no secret that saving money can be challenging. But to reach your financial goals, you must be mindful of your spending and find ways to cut back. Luckily, there are many ways to save money without making major changes to your lifestyle.

Take a Close Look at Your Budget

If you’re unsure where to start when cutting back on your spending, take a close look at your budget. See where you’re currently spending your money and identify areas where you can reduce or eliminate your expenses. Cutting back on dining out, entertainment, and shopping are all great places to start.

Make It a Point To Stick To Your Budget

Once you’ve identified where you can cut back, committing to sticking to your budget is essential. This may mean saying no to some activities or purchases you’re used to making. But if you want to save money, it’s important to be disciplined with your spending.

Find Free or Low-cost Activities

Just because you’re trying to save money doesn’t mean you have to stay home all the time. There are plenty of free or low-cost activities that you can enjoy, such as hiking, going for walks, or visiting museums. So, get creative and see what things you can do without breaking the bank.

3. Make a Plan for Your Debts

Another critical element of getting your finances back on track is to make a plan for your debts. If you have credit card debt, student loans, or other debts, it’s crucial to develop a strategy for paying them off. This will help you get out of debt quickly and start rebuilding your savings.

Start by creating a list of all your debts and the interest rates and minimum payments for each. Then, create a budget to see how much extra money you can put toward paying off your debts each month.

Tip: You can also try contacting your lenders to see if they are willing to restructure your debts in a way that helps you pay it off early.

For example, a borrower from Texas was able to pay off their installment loan early with SimpleFastLoans.com.

Once you have a plan in place, stick to it so you can get out of debt as quickly as possible and start rebuilding your savings account.

4. Why Invest in Yourself?

The most important reason to invest in yourself is that it’s the best way to ensure your financial future. By learning about personal finance and investing, you can make sound decisions with your money that will pay off down the road.

Plenty of resources available online and in libraries can help you learn more about personal finance. In addition, there are also courses available that can teach you everything from budgeting to investing. Taking the time to educate yourself now will pay off handsomely later on.

Another reason to invest in yourself is that it shows that you’re committed to your own success. When you take the time to learn about personal finance and to invest, it shows that you’re serious about making a change in your life.

It also shows that you’re willing to put in the hard work required to achieve your goals. This type of dedication is sure to impress potential employers and clients alike.

Finally, investing in yourself is simply an intelligent thing to do. There’s no telling what the future holds, so it’s always a good idea to have as much knowledge as possible under your belt.

By learning about personal finance and investing now, you’ll be prepared for whatever comes your way down the road. So whether you hit a financial snag or have an opportunity to capitalize on an excellent investment, you’ll be ready and able to take advantage of it.

5. Automate Your Finances

There are many reasons why automating your finances is a good idea. For one thing, it helps to reduce the temptation to spend. When the money is automatically transferred into savings or investment accounts, you’re less likely to be tempted to spend it because it’s not just sitting in front of you.

Additionally, automating your finances makes saving easier because the funds are transferred each month automatically without requiring any action. This means that you can achieve your savings goals without remembering to make monthly manual transfers. Automating your finances is a great way to reduce temptation and increase savings.

How To Automate Your Finances

If you’re interested in automating your finances, there are a few different ways you can do so. For example, you can set up automatic monthly transfers from checking into savings or investment accounts.

Alternatively, you can set up automatic payments for bills such as credit card bills, utility bills, and mortgage payments. Automating these payments ensures they’re paid on time each month without you remembering to do so yourself. Automating your finances is a great way to reduce temptation and increase savings.


When your savings are running low, it’s vital to take quick action so that you don’t fall behind financially. You can quickly get your finances back on track by boosting your income, cutting back on spending, making a plan for debt repayment, investing in yourself, and automating finances.

Hi! I am a millennial mom with a passion for personal finance. I have always been “into” personal finance but got inspired to start my blog after a period of extended unemployment. That experience really changed the way I viewed my relationship with money and the importance of accessible personal finance education.