Easy Ways To Save Money More Consistently


Saving money can be used for a variety of purposes, including taking a well-deserved vacation, renovating your home, purchasing a new car, or simply putting money aside for a rainy day.

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Saving money, on the other hand, isn't as simple as it seems, and with temptations like takeout, clothing stores, and nights out with friends and family all around us, it's all too easy to overspend and regret not saving the money instead. I hear you say, "But I need that money right now." Not to fear, if you've been thrifty with your money up to this point, there are some easy ways to start saving more consistently.

Limit your everyday expenses

Everyday expenses such as food, rent/mortgage, cell phone, transportation, and personal care items can be drastically lowered by taking steps such as:

  • Bringing a prepackaged lunch to work rather than nipping to the store during your lunch break.

  • Put your rent/mortgage money in a savings account as soon as you get it so you can pay on time and avoid any late fees.

  • Choose a cheaper mobile phone plan or go with pay-as-you-go.

  • Avoid car expenses and help the environment by walking, cycling, carpooling, or even taking the bus.

Be smart about who you bank with

Every bank claims to have the best deals for customers that choose to use them to keep their money safe. Things like nectar points, attractive interest rates and no overdraft charges are all ways banks try to entice customers. Take the time to review all of the banking opportunities available to you to make sure you’re getting the best deal. For example, you might choose a fixed interest rate for the next 5 years, or, you might opt for a Rewards savings account instead. Either way, choose what’s best for your wants and needs, and don’t be afraid to ask questions.

Cancel those unwanted subscriptions!

Even if you make a decent salary, it's easy to lose track of where your money goes. Subscriptions to services and accounts that you don't use are the most common culprits because they're easy to forget about. Take a look at your outgoings over the last several months and see if there are any subscriptions you no longer use, such as the gym, posted publications, or even a Netflix membership. Once you've discovered them, cancel them and enjoy the extra cash in your account!

Look at how your social life is impacting your finances

Finally, having a social life is necessary, and completely avoiding it is a bad choice. The good news is that you don't have to do without it! Rather than meeting your pals at a pub or restaurant, prepare a meal and invite them to bring their own drinks to share. Dinner parties are far more intimate, and can save you a lot of money in the process!

As you can see, there are numerous strategies to begin saving money more consistently, so why not start today?


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