With the new year, many of us are attempting to save some money, but as we all know, it can be a challenge. Our current consumerist culture makes it difficult to avoid saving money when so many deals are at our fingertips. But we also have many ways to save money at our fingertips, from banking apps to investing apps. Looking at the newest financial tips is incredibly easy as well.
With any banking app, it’s easy to track your expenses. Here are some ways you can reduce how much you spend each day.
There are so many streaming apps to choose from. Whether you’re watching Netflix, Hulu, Disney Plus, the list goes on. Because of this, you may be signed up to a few streaming apps that you don’t use, that you forgot to cancel. Make sure that’s not the case for you. While a monthly subscription to these apps isn’t too much, they can add up.
This applies to anything, to be honest. If you’re aren’t using Amazon Prime or another service enough to break even, why have it in the first place?
If you’re still drinking bottled water, you may have your reasons. You may think it’s much cleaner than what’s in your tap, but unless you live in an area with low quality water, the water in the bottles is usually not any better. Spending money on a water filter may be a more worthy investment, to be honest. Plus, those bottles are small, and you have to go through a few of them to hydrate yourself fully. It’s a waste, if we do say so ourselves.
Name Brand Food
We understand the stigma against buying store brand food, but to be honest, most store brands are just as good as the name brands, sometimes better. Let’s be honest: is there really any difference between the name brand iodized salt and the generic? Generic store brands usually end up costing a little less, and the price seems insignificant at first. However, the cost can add up if you’re always buying the name brand.
These are quite expensive, and too much isn’t good for you, but we run on them. An entire bottle can cost $3 or more. You can save money by going bulk, but it’s best to avoid them whenever you can. Coffee brewed at home can cost a lot less, or you can try to get more sleep. The latter is much more preferable, to be honest.
Not Getting Advice from a Professional
Sometimes, not getting counseling can count as wasting money. For instance, not spending a bit on a relationship counselor can lead to an expensive divorce, and not getting help from a therapist can lead to you being less productive. There is no shame in getting help, whether you’re speaking to a local counselor or a therapist. Talk to one today and see how they can help you.
Internet, Cell Phone, Etc.
Your home needs internet, but you should be mindful of your package. Sometimes, the fastest package may not be the fastest depending on where you live, or another service may be just as good. This applies to your phone service as well. There may be a packaged deal that can serve your situation better and cost a lot less as well.
While gas isn’t the most expensive it’s ever been, you may be spending too much, if you’re still getting premium or plus. Most newer cars handle regular just as good. Also, you don’t need to drive somewhere that’s a couple blocks away. It doesn’t consume the most gas, but a short, walkable trip does add up.
Not Saving a Little Bit
Finally, the best way to save a little money is to put in a little each paycheck, and set it off to the side. Many people don’t save, and one of the reasons is because they feel like they have too little to save. But as we said, things add up, and you may soon have more money than you would think.
These are just a few ways to save a little money in 2020. Here’s hoping you save a lot.