We all know there will be some time when you will have little to no income when you are working on an early stage-startup, so here are a few ideas to make your personal money last:
1. Shop smart: Wholesale clubs and some limited assortment stores can save you a considerable amount of money. If you prefer to shop at a traditional grocery store, consider shopping at a different location of the same store you like to frequent, as pricing can considerably vary. Forums on websites such as Slickdeals or Fatwallet can be a great resource for knowing what the most worthwhile deals are. Daily deals and coupons are a great choice if you are sure that you would need the item or service anyway and there is not a cheaper alternative after the savings are deducted.
2. Change banking habits: Community banks, internet banks, and credit unions can offer considerably better pricing than large brick-and-mortar banks. Many community banks and credit unions are part of alliance programs that allow them to offer comparable convenience by allowing you to conduct basic transactions at a location that is convenient for you. Shifting spending onto a credit or debit card that gives incentives at businesses where you spend the most money can free up a considerable amount of money that can be used to reinvest into your business.
3. Have Fun (even on a budget): Regardless of how tough things can get, I believe it is still valuable to take a break to unwind from what you are doing. If nothing else, there are numerous groups on meetup.com that have regular events that are free or relatively low cost. In particular, some groups that offer outdoor activities that require a lot of driving often offer trips at a cost significantly below the cost of traveling yourself. Who knows? You might find a helpful idea or resource while doing something fun that will allow your company to make considerable progress. If nothing else, you will be refreshed when you return to work on what you are doing.