If you make saving money a daily activity, then accomplishing your financial goals will become significantly easier. For this Tuesday Tip, we have a few ideas that you can integrate into your daily routine. These tricks to save money can help you stretch your budget while managing personal credit card debt.
Daily Tricks to Save Money
- Drop an expensive habit. Cigarettes, alcohol, soda, junk food, and other unnecessary purchases can cost you thousands of dollars every year. Stopping these activities is difficult, but if money is tight, then it’s worth it to try to at least cut back a little. Try starting with limiting the habit to only at home or skipping every other day.
- Use coupons. We get so much junk mail in our physical mailbox as well as our email inbox that it’s easy to forget that some of it can actually be useful. Keep an eye out for coupons and discount codes to use for purchases at places you shop frequently. You may even consider determining your grocery list by what coupons have come your way.
- Cut your cable subscription. There are a lot of cheaper alternatives to cable TV. Paying for Netflix, Hulu, and another streaming service combined is still probably cheaper than what you pay to your cable provider. If you don’t want to deal with canceling, consider reducing your subscription level or just threatening to cancel. Cable providers will often try to keep you with around by lowering the rates at least temporarily.
- Drive slower, less, or not at all. Transportation is expensive. Driving slower can save on gas and reduce the risk of an accident which could cause your insurance premiums to increase. You should also group your errands together to limit the number of trips in your car. If it’s possible to take public transportation or ride a bike to work or around town, do that instead. Maybe you can even sell your vehicle to generate huge savings right away.
- Do more at home. Paying for food, drinks, and entertainment is significantly more expensive when you’re out and about. Invite friends over to socialize or watch movies to cut entertainment costs. If you still want to go out, consider eating dinner and having drinks at home before you head out on the town.
- Stop buying bottled water. You already pay for water that is available from the sink anytime. If it tastes bad or you’re worried about what’s in it, buy a filter to use at home. There’s no need to double pay for something, especially water.
- Shop at second-hand stores or yard sales. Clothing and other items can be a significant expense depending on your shopping tendencies. You’d be surprised what you can find at thrift stores or even a local garage sales. You can even haggle and use your negotiating skills to get better deals.
There are still more tricks to save money on a daily basis. Being vigilant about cutting spending or finding areas in your budget to reduce costs is the best way to get ahead financially. It requires a little extra effort, but there are lots of financial and emotional rewards to working at saving.
If you are in the process of debt elimination and need assistance, call American Consumer Credit Counseling today on 800-769-3571 to speak with a certified credit counselor.