Aug 7, 2017
4 Easy Ways to Save Money, Starting Today
These easy budget slashes will get you back on track.
It’s hard to save money when you already think you’re doing your best to be frugal.
Whether you’re struggling with student debt or trying to pull together money for a vacation, it’s tough to figure out where to cut corners when you’re just trying to live your life.
Here are a few easy ways to save money that you can start doing today.
Drop your memberships and subscriptions
How often are you making it to the gym? If it’s just a few times a month, think about whether that membership fee is really worthwhile. It may feel like having that tag on your keychain burns calories but trust us, if you’re not using it all the time, it’s just burning a hole in your budget.
You can still save money and stay in shape, consider streaming fitness videos off of YouTube or Netflix for no to low cost and work out in the privacy of your own home. Just like going to the gym, this more enjoyable if you have workout buddy.
Same goes for subscription boxes. If the items (clothing, makeup, snacks) that arrive every month leave you saying “meh” more often than “wow,” give it the axe. Buy the things that you need rather than subscribing to boxes that tell you what you should be buying.
Rethink your cable TV bill
On average, Americans pay about $103 a month for their television. There are lots of new services that will allow you to cut the cord and still have access to your favorite channels and allow you to surf the web at a lower cost.
If you’re not ready to say sayonara to cable, call your provider and tell them you’re thinking of abandoning your service. They’ll likely present you with a cheaper option or help you find a package that suits your budget rather than lose you as a customer.
Leave your credit card at home
It’s easy to just pile unnecessary groceries or clothes into the cart when it’s all going on your card and you don’t see it till the end of the month. Or just to say “charge it” when there’s an impulse buy in front of you.
Physically handing out cash, or carrying a certain limit for shopping, such as twenty or thirty dollars, keeps you mindful of how much you’re actually spending. And remember, keeping a balance on your credit card won’t help your credit.
Don’t go out drinking (so much)
We all like to go out and blow off steam but all those beers are blowing a big hole in your budget. Out of every $100 American consumers spend, about $1 goes to alcohol.
While that number hasn’t changed much over the past three decades, the amount we spend drinking at bars and restaurants has gone up.
Think about how much you pay for a glass of wine on a night out versus buying a bottle to enjoy at home with friends and family. It’s enough to give you a hangover before you even make your first toast.
Saving money doesn’t have to be hard. Just make a few easy cuts and you’ll see the savings start to stack up.
Built for youSign up now
This material has been distributed for informational and educational purposes only, represents an assessment of the market environment as of the date of publication, is subject to change without notice, and is not intended as investment, legal, accounting, or tax advice or opinion. Stash assumes no obligation to provide notifications of changes in any factors that could affect the information provided. This information should not be relied upon by the reader as research or investment advice regarding any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective. The views and opinions expressed in this article do not necessarily represent the views of Green Dot Bank, the issuer of the Stash Debit card.
Why Companies Led By Women May Do Better
Advancing Black-Owned Businesses
Why Stash has Chosen Grayscale for Crypto in Smart Portfolios
How to Spend Less on Your Wedding Dress
Getting Smart About Holiday Shopping for 2021
Understanding Student Loan Forgiveness