Are you struggling to save money?
Have you been wanting to save money for some time, but don’t seem to be able to put anything aside each week or month?
Five Money Saving Tips
Here are five tips to help you save money each month. That way when those unexpected expenses come up you have the money to pay for them. Relieving the financial stress of the situation.
Making small changes to save money can have a big impact fast. Here are some great tips to get you saving money now.
- Cancel unnecessary subscriptions
Are you paying for subscriptions you no longer use or need? Check your credit card statements and bank statements for any subscriptions that you may have set on autopay that you have forgotten about. It is helpful to not sign up for free trials that require a credit card, it can be all too easy to forget about it and not cancel it before the trial ends and then you end up paying for it each month when you don’t really need it.
2. Shop consignment and thrift stores.
This one is a personal favorite. I love shopping consignment and thrift stores. It can be a fun treasure hunt to see what deals you can find on needed items, but it also saves money. A lot of times you can find gently used clothing at half or third of the price of the original price.
There are also online consignment places and you can sell items that you aren’t wearing anymore for store credit or even cash.
3. Buy household items when they are on sale and stock up
There are items that you may be using very regularly and you feel like you are constantly purchasing them. Thinks like dishwasher soap, laundry soap, toilet paper, paper towel, etc. Keep track of what you have on hand and how often you buy it. Watch for sales on these items and if you have the space, stock up so you aren’t buying them last minute and paying a higher price.
Another great place to get these items is if you already have a membership to places like Costco or Sams, purchasing these items in bulk can save you money over buying them at the grocery store.
4. Pay off high-interest rate debt
If you can make extra payments or additional principal payments to high-interest rate debt you will save money. You will save money on the overall interest and free yourself of the burden of this debt. Then once you have the debt paid off, you can put that money into your savings account and watch it grow.
5. Change your cell phone plan
There are many cell phone providers out there and they are always running specials and incentives. Check with your current carrier to see what promotions or specials they may be offering that you could take advantage of.
It is also worth checking into other providers to see what deals and specials they are offering that may save you money over your current plan.
May providers will offer additional monthly discounts for setting up autopayments or paperless statements. These discounts can range from $5 to $10 a month or more. Then you can put that additional money into your savings account each month.
Have you found these money savings tips helpful?
Get help reviewing your monthly expenses and see where you can save money each month. Schedule a free consultation call HERE and let’s talk about how I can help you save money so you can enjoy financial freedom.