15 Money Moves That Can Fund Your First Ounce of Gold
Many investors look to other assets, such as gold, as a way to diversify their portfolios. But you may not want to sell stocks or have the necessary savings to make your first gold purchase.
Dealing with small leaks in your spending like unused subscriptions and putting those savings into gold can help you go from zero gold to buying your first ounce in 2026.
10 ways to make room in your gold budget
Leakage spending includes ongoing costs you pay for products and services you don’t use or can get at a lower price. Here are some ways you can free up money to invest.
Gold Investor Kit Gift: Sign up with American Hartford Gold today and get a free investor kit, plus up to $20,000 in free silver on qualifying purchases.
- Bundle cable, streaming and more: Bills for cable television, cell phones, internet and streaming services can be combined. Find companies that bundle these offerings so you can get them all at the lowest price.
- Cancel unused subscriptions: Canceling unused streaming subscriptions that cost $10-$20 each month, can add up to $120 to $240 in annual savings. Review your bank statements to see any recurring charges for products and services you don’t use or can get at a lower cost.
- Save on electricity: Apps like GasBuddy can help you find the cheapest gas options, as can loyalty programs.
- Cut down on expensive grocery brands: At the grocery store, you can find store brands at a lower cost than the big names, but at a lower cost.
- Buy groceries on senior discount days: Some grocery stores offer higher discounts if you shop occasionally.
- Bulk insurance plans: Avoiding duplicate insurance add-ons and combining your insurance – such as home and auto insurance – may help you save.
- Increase your insurance deductible: A high deductible lowers your monthly premiums and frees up more room in your budget to buy gold. But make sure you don’t give up the financial protection you need.
- Use LED lights: LED bulbs last longer than conventional bulbs while burning 75% less energy, according to the Department of Energy.
- Reduce the use of pressure: Delaying any unexpected purchases for a set time frame – such as 24 hours or one week, depending on the item – gives you enough time to rethink a potential purchase.
- Ask for senior service discounts: You could save hundreds of dollars a year by getting great utility discounts from your provider. Companies may not advertise it, but it’s worth asking.
Free Silver: See how you can get up to $25,000 in free silver with American Gold & Silver Group
It redirects savings to the golden goal
Small savings add up over time. Freeing $100 a month to buy gold results in $1,200 a year. While that’s not enough money to buy an ounce of gold, it’s enough to invest in a gold exchange-traded fund (ETF). Use these money habits to build your savings quickly.
- Take a side gig: Side hustles can come with flexible hours and the ability to increase your income.
- Enable automatic investing: Setting up an automatic transfer from your checking account to a gold fund ensures that money disappears from your checking account before you have a chance to use it.
- Invest in incremental cash and bonuses: Instead of letting lifestyle change when you get a raise or bonus, commit to investing more money immediately.
- Make yourself accountable: Finance is personal, but find one person to share your goals with who can hold you accountable.
- Sell unused junk: Platforms like eBay make it easy to list unused items for sale and profit. You can put that extra money into gold.
Volatility Shield: Read about Newport Gold Group precious metals price matching
