How so? Read on and we’ll look at some ways you are spending more money on a variety of things then you need to:
1. Insurance — You’re already paying too much for insurance if you don’t bundle your homeowner’s insurance with your car insurance. This simple step — giving your business to one insurer — will save you 10 percent off of your premiums. You can realize additional savings by adjusting your deductibles, dropping collision coverage on an aged vehicle or by shopping for new insurance provider.
2. Interest — That sale where you “saved” 20 to 60 percent off of clothing, household goods or other items yields no savings if you fail to pay off your credit card before interest begins to accumulate. Tack on interest and your savings can quickly evaporate, costing you much more money if you fail to tackle your debt.
3. Shopping — If you automatically reach for brand names each time you hit the supermarket, then you’re spending more money on your groceries than needed. Unless you’re a coupon guru, most any branded product you buy will cost you more than the store brand, significantly more in many cases. Consider switching to off-brand products — at least for some items — to stop wasting money.
4. New — Buy most anything new and the value of that product will fall quickly. Fashions change, cars are updated and home furnishings are overpriced when bought new. Familiarize yourself with the local thrift shop to enjoy big savings. Buy a used car instead of new. Visit mark down stores to save on household goods, furniture, gifts and more.
5. Negotiate — Most anything can be negotiated, but many consumers think that the sticker price is the final price. Learn the fine art of haggling to find savings on most anything including clothes, furniture, gifts and other items that you normally think can’t be had for less.
6. Habits — Some habits are good, some are bad. Most are expensive! Bad habits include smoking, excessive drinking, overeating and using illicit drugs. Cut these out to preserve your wallet and your health — why cut your life short by living a reckless life?
7. Free — “The best things in life are free.” This is a true saying, although you may have look around for free things or pay for something that you should get for free. For example, that credit card you’ve been paying off faithfully for years has accumulated points toward free gifts, travel, hotel stays and more. However, you haven’t tapped these points yet, meaning you are missing out on an opportunity to save money, wasting it instead.
How much can you save? That depends on your personal quest to preserve cash. Likely, you had no intention to squander money, but waste it you did because you didn’t consider your options.
You may not get a raise from your boss this year, which means finding ways to cut your expenses without cutting back on your lifestyle is not only necessary, but critical to your bottomline.
See Also — 5 DIY Money Saving Kitchen Improvement Tricks
- Up to 75% more absorbent versus leading 1-ply brand
- Includes 12 Huge Rolls (2 Packs of 6 Huge Rolls) of 158 2-ply sheets per roll
- 12 Huge Rolls = 30 Regular Rolls (based on a regular roll with 63 sheets)
Last update on 2020-03-19 / Affiliate links / Images from Amazon Product Advertising API
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