There’s always a reason to set aside more money; retirement, nest egg, simple savings. No matter what your personal financial situation is, you’ll never regret making cutbacks to unnecessary spending in order to save up.
Four Tips to Help You Save Money
Switch Your Bank Account:
You may be amazed at how much money you’re spending on fees with your current bank accounts. Check with your teller about discussing other plans or options, and see if you can cut those fees down. If there is no other plans available to you, shop around at other banks, or consider making bigger withdrawals to avoid paying for each individual transaction on your bank card.
Shop Smart, Not “Cheap”:
Frugality doesn’t mean having to eat substandard food or wearing ugly, tattered clothing. It means comparison shopping; keeping an eye on prices. Buying items on sale, cooking from scratch, and buying bulk are just a few ways that you can set aside some extra cash throughout the month. Spend some time looking through flyers, and cut out spending on things you don’t need. If you decide to go out for some shopping therapy, take out a certain amount of money and leave the rest out of reach. This is a sure fire way to stick to your shopping budget, and ti make sure you think really hard about your purchases before making them.
Conserve Energy and Heat:
Instead of turning up your heat, grab a blanket or a sweater. Keep the heater off while you’re sleeping or at work, and get to know your timed settings on your furnace, if available, so the heat kicks on just before you come home. Turn off lights in your home when they’re unneeded to save money on electricity, and never run the dishwasher or laundry machines for half loads. By making conscious choices to use less energy or gas, you’re making a great choice for the environment and your wallet.
Downsize Your Vehicle:
Most people in north America drive to get from one place to another, and many of us make most of our trips alone. If you’re making the bulk of these trips in a passenger vehicle, the truth is that you’re spending more than you need to on gas. Consider making a choice to downsize into a smaller vehicle where appropriate. Consider a scooter, moped or motorcycle as your main method of transportation to cut down on gas prices.