5 Easy Ways to Save Money
The first piece of advice that many people get when they’re trying to get out of debt is to cut back on their spending. Often, however, the things they’re told to cut, such as cell phones and transportation costs require them to make major changes tot heir lifestyle. Fortunately, there are plenty of ways to save money that most people won’t even notice. If you’re looking to save money, try these tips.
- Get rid of your gym membership. Cutting this can save you about $30 a month, plus the gas you use to drive yourself to the gym. Don’t consider this an excuse to not exercise, however. Instead, run or walk around your neighborhood, and download a few free exercise videos to keep up your strength routine.
- Watch your bank balances. If you haven’t done so already, be careful with how much you spend. If necessary, go back to balancing your checkbook everyday. Overdraft and low balance fees can eat up hundreds of dollars a month that could be going to paying off debt.
- Consolidate debt. A good debt settlement company can help you to lower the interest rate on your credit cards and other loans. In many cases, they can also help to stretch out payments over a longer period of time. That means you’ll pay less every month, and more of what you pay will go to paying off the debt, not interest.
- Look at your subscription services. Almost every American household has been signed up for something with a recurring monthly charge, but very few of them realize it. Magazines, cell phone apps, and even movie clubs add charges to your credit card each month. If you can call to cancel the ones you don’t use, you can save a lot of money.
- Change your grocery shopping habits. Most people find themselves in the store several times a week picking up just enough food for one or two meals. If you limit yourself to one trip a week, you’ll be forced to plan meals around what you have. This will also give you the opportunity to plan your shopping around what’s on sale and what you have coupons for. You’ll get tastier, healthier meals, and save a lot of money.