Ways to Save Money That Won’t Feel Like Sacrifices
Budgeting means changing your entire lifestyle and sacrificing the things you love, right? Wrong!
Having to cut out all your hobbies and other guilty pleasures when trying to save money can be very discouraging. Budgeting isn’t supposed to force you to change your entire lifestyle; it’s supposed to make you smarter with your money so you’ll have a little extra at the end of the month to do what you love. Sacrifice will be required in some areas, but it is unreasonable to expect to move to a smaller apartment, let go of your social life, or even abandon your beloved Starbucks. Whatever budget you create should enhance you and your lifestyle, not hinder it! Before you go cancel all your plans for the next year, consider these few tips to help you save big money!
Cut your cable (or at least the premium channels)
Is having a high cable bill really worth all those premium channels? Do you even use them all? Sports channels and other premium channels can come with a hefty price tag, so if you don’t use them often it may be in your best interest to cancel your subscription. Some providers offer channels à la carte so you can pick one or two favorite premium channels without paying for 8 others that you’ll never watch. Don’t forget to negotiate with your providers! It is also important to consider switching over to a subscription service such as Netflix, Hulu, or even Direct TV which now allows you to bundle TV streaming with AT&T services.
Cancel your magazine and newspaper subscriptions
Subscriptions are easy to forget about, but if those magazines end up being piled up on a coffee table they’re probably not worth the money. If you can’t bear to part with your magazines, try switching to online subscriptions which end up being much cheaper in the long run.
Ditch overdraft protection
It may sound like a good idea, but it’s actually a way for banks to tempt you to spend more than you can afford, and then charge you a hefty fee for the privilege. Some banks don’t set a limit on how many overdraft charges you can accrue in a day, so it’s easy for a little carelessness to end up costing you a lot. You are better off skipping this option and, instead, carefully monitoring your account balance so that you do not overextend yourself. Be sure to avoid this and other mistakes that could be costing you money.
Cancel your club memberships
Subscription boxes and gym memberships pile up, but do you get the most out of them? Chances are there a few you can part with, so make sure you review your monthly statements and see which ones you can live without.
Tackle rising gas prices
With gas prices continuing to rise, the price of car ownership is taking up more and more of our budgets. However, there are a few easy tricks to save money despite rising gas prices, including paying cash instead of credit and planning ahead to avoid having to fill up at expensive highway gas stations.
What many people don’t realize is a little goes a long way when it comes to saving money. A lot of small changes can do just as much as one or two big changes to help you save money. Have some more ideas on how to cut costs? Need help getting started on a budget? Feel free to give us a call or leave a comment below!