If you’re looking to save a little more money this year, whether it’s because you want to buy that beautiful pair of shoes you spotted while shopping or because you want to give yourself a little more financial security, you’ll be happy to know that there are lots of really simple, practical things you can do to reach your goals…
Here are some ways you can start saving money:
Cancel Your Subscriptions
Most of us have numerous subscriptions to services like Netflix, Readly, and Birchbox, to name a few. This is fine if we actually use them, but most of us have at least one subscription that we really don’t make a lot of use out of.
By identifying and canceling these under-loved subscriptions, we can save a fair amount of money over the course of a year. So, what are you waiting for? Start canceling now.
Consolidate Debts
If you happen to be servicing multiple debts right now, one of the best things you can do is to consolidate them into one manageable payment. Using a consolidation loan is often a good way to lower your interest rates while making repayment simpler.
This means you can pay off your debts more quickly and really start to focus on saving money for your future instead.
Sell Coupons
Did you know you can sell coupons that you don’t want to use? There are numerous websites that will enable you to switch your coupons and gift cards for real cash in a matter of minutes. So, if you have any sitting in your drawer, trade them in right now and add the cash to your savings fund.
Meal Plan
Groceries are often one of our biggest expenses, after all, we all need to eat, but it is possible to cut down on the weekly food bill? If so, how? One of the best ways is to meal plan so that you know exactly what you are going to eat each day of the week, and therefore, only buy exactly what you need to make those meals.
This will eliminate waste, save you money, and ensure you always have something tasty to eat.
Roundup
There are numerous apps that enable you to round-up the cost of any payment or purchase you make. The excess cash is then put into a savings account where it will grow and accumulate. This is a really painless way to save money because you rarely notice or miss those extra few dollars here and there, but you’ll be surprised how much they can add up over the course of a year.
Live By the 30-Day Rule
The 30-day rule means that instead of buying something on impulse, you make a note of it and wait 30 days before purchasing. If after those 30 days, you still want it, go ahead and buy, if not, don’t.
You’ll be surprised just how often you go off making a purchase when you have to wait just a little while.
As you can see, there are lot of ways you can save money. We hope these tips help you to become more financially secure in 2021.
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