• Celebrity
    • Of The Essence
    • Celebrity News
    • If Not For My Girls
    • The State Of R&B
    • Time Of Essence
  • Fashion
    • 2023 Best In Black Fashion Awards
    • 2023 Fashion House
    • Red Carpet
    • Fashion News
    • Accessories
  • Beauty
    • Girls United: Beautiful Possibilities
    • 2023 Best In Black Beauty
    • Skin
    • Makeup
    • Nails
    • Hair
  • Lifestyle
    • Love
    • Parenting
    • Relationships
    • Bridal Bliss
    • Lifestyle News
    • Health & Wellness
    • ESSENCE Eats
    • Travel
    • Food & Drink
  • Entrepreneurship
    • Money & Career
  • News
    • Latest News
    • Paint The Polls Black
    • Culture
    • Politics
  • Shopping
  • Video
  • Events
    • 2023 Fashion House
    • 2023 ESSENCE Festival Of Culture
    • 2023 Wellness House
    • 2023 Black Women In Hollywood
    • 2023 ESSENCE Film Festival
    • 2023 HOLLYWOOD HOUSE
  • Studios
  • Girls United

WHERE BLACK CULTURE, COMMUNITY AND CONSCIOUSNESS MEET

Sign up for ESSENCE Newsletters the keep the Black women at the forefront of conversation.

Your email is required.
Your email is in invalid format.
Confirm email is required.
Email did not match.
Select the newsletters you'd like to receive:
Please select at least one option.
By clicking Subscribe Now, you agree to our Terms of Use and Privacy Policy.
Skip to content
SUBSCRIBE
  • MAGAZINE
  • NEWSLETTER
  • Celebrity
    • Of The Essence
    • Celebrity News
    • If Not For My Girls
    • The State Of R&B
    • Time Of Essence
  • Fashion
    • 2023 Best In Black Fashion Awards
    • 2023 Fashion House
    • Red Carpet
    • Fashion News
    • Accessories
  • Beauty
    • Girls United: Beautiful Possibilities
    • 2023 Best In Black Beauty
    • Skin
    • Makeup
    • Nails
    • Hair
      • Hair News
      • Natural
      • Relaxed
      • Transitioning
      • Weave
      • 4C
  • Lifestyle
    • Love
    • Parenting
    • Relationships
    • Bridal Bliss
    • Lifestyle News
    • Health & Wellness
    • ESSENCE Eats
    • Travel
    • Food & Drink
  • Entrepreneurship
    • Money & Career
  • News
    • Latest News
    • Paint The Polls Black
    • Culture
    • Politics
  • Shopping
  • Video
  • Events
    • 2023 Fashion House
    • 2023 ESSENCE Festival Of Culture
    • 2023 Wellness House
    • 2023 Black Women In Hollywood
    • 2023 ESSENCE Film Festival
    • 2023 HOLLYWOOD HOUSE
  • Studios
  • Girls United
Home · Lifestyle

These Simple Saving Tips Will Help You Balance Your Dollars And Invest In Your Business

Sponsored by Pine-Sol®
These Simple Saving Tips Will Help You Balance Your Dollars And Invest In Your Business
By · Updated November 4, 2020

To get your business off the ground, it’s important to make financial sacrifices to support your new venture. One golden rule of budgeting to remember is that every little bit of effort counts. You can invest in your big ideas by making small changes throughout the year that eventually add up. Here are a few easy savings tips to incorporate into your financial plan:

Use A Savings App

There are savings apps that will slowly syphon off dollars and cents from your income and keep it on hold for you until you’re ready to make a purchase. If you want to put money towards a business, it’s best to start this process as early as possible in the year, and increase or decrease your contribution depending on how you’re tracking. Tools like this are great for saving because it takes a little away at a time so it’s much more manageable month to month.

Sell Your Old Things

You could be sitting on a goldmine hoarding items in your closet that you don’t wear anymore. Take that vintage purse and jacket and see what kind of money you can make from them by selling the loot to your favorite consignment shop. Use your social media platforms to post and sell your clothes/shoes directly to potential buyers. And if all else fails, go old school and plan a summer garage sale.

Cooking

Not eating out is a great way to cut back on costs, stay safe, and keep more money in your wallet. Try to make this chore fun by challenging yourself to cook a crazy Pinterest recipe for dinner or maybe putting your own spin on Grandma’s coveted macaroni and cheese.  Also, the $16 cocktail you order during a dinner out could be substituted for a great $16 bottle of wine instead. These small sacrifices will add up to get you closer to your business goals.

Pick Up A Hobby 

What ideas or talents do you have that are sellable? For some folks, it could be designing wreaths, for others, it could be writing a freelance article for their favorite dot com from time to time. Whatever your thing is, take a bet on yourself and see what side hobby you can finesse into real extra profit for you and your business.

TOPICS:  black women entrepreneurs black women in business business Entrepreneurship Savings
COMPANY INFORMATION
  • Our Company
  • Customer Service
  • Essence Ventures
  • Change Your Address
  • Contact Us
  • Job Opportunities
  • Internships
  • Media Kit
  • tag
SUBSCRIBE
  • Newsletters
  • Give a Gift of ESSENCE
  • Magazine Tablet Edition
FOLLOW US
MORE ON ESSENCE
  • Home
  • Love
  • Celebrity
  • Beauty
  • Hair
  • Fashion
  • ESSENCE festival

ESSENCE.com is part of ESSENCE Communications, Inc.

Essence may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.

©2023 ESSENCE Communications Inc. All Rights Reserved. | Privacy Policy | Terms of Use | Essence.com Advertising Terms

Get The ESSENCE Newsletter and
Special Offers delivered to your inbox

By clicking Sign Up, you agree to our Terms of Use and Privacy Policy.

Get The ESSENCE Magazine
by subscribing below
subscribe now