15 Best Ways to Build Wealth In January (+Free Savings Tracker)
This series helps you take advantage of the seasonal changes throughout the year. Use the unique opportunities in the month of January to build wealth faster than ever before.
And don’t miss the free January savings tracker to keep you motivated.
Explore ways to save, make money, and track your progress all month long!
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10 Best Ways to Save in January
First, here are the best ways to keep more money in your pocket this month!
1. January is the best time to buy:
- Christmas things
- Gym memberships
- Fitness-related equipment and tools
- Wedding dresses
- TVs
- Suits
- Linens and towels
2. Unplug Your Electronics. Your electronics keep drawing power even when they’re not in use. Unplug your device chargers, game consoles, and TVs when you’re not using them for savings that will add up over time.
3. Reduce Heating Costs. Lower your thermostat a few degrees and use blankets or wear layers. Seal windows and doors to prevent drafts.
4. Embrace Free Indoor Activities. Enjoy free entertainment like movie nights, reading, or playing board games in the winter months to avoid expensive outings.
Use this long list of more free things to do in the new year.
5. Meal Plan & Batch Cook. Focus on your health through home-cooked meals. Batch cook then freeze the leftovers. Try out these simple and cost-effective crockpot soups for warm and filling meal ideas.
Use this monthly meal plan to stay organized and on your budget with ease.
6. Join a Gym or Online Workout Community. January is a great time to invest in your long-term health. Many gyms and workout platforms offer discounts this time of year.
However, if your current gym membership is going unused, it’s time to cancel and find a fitness routine that works for you.
7. Try a No-Spend Challenge. Set a no-spend rule for unnecessary items throughout January. Or try one of these money-saving challenges:
8. Give Dry January a Try. Cutting back or eliminating alcohol for the month is a great way to reset after the holidays. You’ll see the savings add up quickly too.
9. Buy on Post-Holiday Sales. Take advantage of January clearance sales to stock up on discounted items for next year or essentials like winter clothing.
Pro Tip: Whenever I spot small items on sale that my kids or their friends would love, I grab a few and stash them in a drawer for birthday gifts throughout the year. It’s a simple way to save both money and time when those birthday invitations start rolling in.
10. Take A Trip. The cheapest month to fly is January and the best flights to save will be found midweek (Tuesday and Wednesday).
But beware, destinations like ski resorts or warm-weather vacation spots might still see higher demand and prices.
5 Valuable Ways to Make Money in January
Next, these ideas are for bringing in more income this month.
1. Sell Unused Items. Clean out your home after the holidays and sell unwanted clothes, electronics, or gifts on platforms like eBay, Poshmark, or Facebook Marketplace.
2. Offer Winter Services. Provide snow shoveling, salting, or driveway clearing services. Or offer to take down holiday decorations for neighbors.
These are great ideas for kids and teens to earn extra income too.
3. Seasonal Retail Work. Some stores may still need help managing returns and restocking after the holidays.
4. Offer Virtual Services. Offer virtual services like organizing, bookkeeping, or social media management for small businesses that need extra help in the new year.
5. Take Online Surveys. Companies seek consumer feedback to inform their product and campaign decisions. Simply register and share your opinions on your preferences and interests.
Free Printable December Savings Tracker
Now, grab the December Savings Tracker and get saving! To use it…
- Set a goal.
- Then, write the amount you save in the circles.
- Write your total at the end of the month and feel proud about how much you saved towards your savings goal!
What’s Next?
Next, become a part of the Wealthy Woman community and receive my best tips for wealth-building. Start now!