Have extra cash? Put it in an envelope. In fact, put it in several.
That's how "Broke Millennial" author Erin Lowry saved $500 in a year on a $25,000 salary. The theater major moved to New York City in her early 20s after landing a job as a page on "The David Letterman Show." The aspiring actress' job was to entertain the audience before the show started. It was fun, she said, but paid little.
"I had a vision of a starving artist and it's almost this romanticized thing that kids do in college," Lowry told NBC Better. But Lowry soon realized her paycheck wasn't nearly enough to cover the $950 a month she owed in rent. To make up the difference, she picked up extra work as a Starbucks barista and babysitter, often working all three jobs in revolving shifts in a single day.
"It was a pretty tiring time in my life," said Lowry. But she was determined to make it work and save money in the process.