Hunting Down Monies To Add To Your Emergency Fund

If you’ve taken to looking for unclaimed money you left behind in other states through missingmoney.com, you might be scraping the bottom of the barrel in ways to find extra money in your budget. Listed here are a few ways to squeeze extra money out of your budget, to fatten up your emergency fund, that might generate better results.

• 2009 Cost of Living Raise - Did you get a cost of living raise? Instead of using it for your regular expenses, try to live on the old income and divert the difference to a savings account.
• Reduced Insurance Premiums - If you shop around each year, you might find that your insurance coverage premiums are lower now. Instead of spending the difference, add it to your emergency savings account.
• Get a Roommate - Have a little extra space in your home or apartment? Why not get a roommate and use the extra income as an emergency cushion?
• Sell Things Online - You can sell your unwanted items on eBay or Craigslist. Even construction materials left over from remodeling projects can be sold, converting waste into more money for that savings account.
• Reduce Your Food Bills - A few less nights eating out, a few more vegetables growing in your backyard, and you will start to chip away consistently at your food bill.
• Borrow Don’t Buy - If it can be borrowed or leased instead of bought, it’s usually cheaper for small purchases like books, DVDs, and music.
• Cut The Cable - How many people really need cable in their home when there are numerous free or cheap sources of entertainment out there? Try Hulu.com and NetFlix for low cost movies, it can save $40 or more a month on cable. This can add $480 to your emergency fund by the end of one year.