How to Cut Expenses
One of the reasons people hate the idea of creating a budget is they don’t want to feel deprived. But what if you could save money and still enjoy the things you love? Sounds too good to be true, doesn’t it? This time of year, everyone talks about saving money and visions of Ramen noodles enter your mind. Not so! You can eat healthy for cheap. You can do a lot of things for cheap.
The truth is there are ways to cut your expenses that won’t affect you at all. Others will be a bit different, but still, give you exactly what you want at a cheaper price. Let’s look at five ways to cut your expenses without feeling deprived.
5 Ways to Cut Expenses
Cut the Cord-Are you still paying for cable or satellite TV? Join the in-crowd and cut the cord. Thanks to services like Hulu, Sling, Netflix, Dish On Demand, PlayStation Vue, and many others, you can watch the TV shows you love and live TV for a fraction of what you’re paying now. Why would you continue to pay $150 a month or more for channels you don’t even watch when you could be paying closer to $50 per month and still watching the channels you love? Read also: Cutting the Cable Cord, What’s it really like to live without cable TV?
Switch Cell Phone Providers-What are you currently paying for your phone and data plan? Is your plan unlimited? Many of the big-name providers have started doing away with unlimited plans or charging an arm and leg. Companies like Straight Talk offer unlimited phone, text, and data for around $35 to $45 per month. If you haven’t made the switch, it’s time. Check out the less expensive companies in your area to see how much you could save.
Get Your Interest Rates Lowered-Do you have credit card debt? Have you always paid your bills on time? Call each creditor and keep pushing until you get your interest rate lowered by five-percent. You may have to ask to speak to a manager to make this happen. Point out what a good customer you are. If the companies refuse to work with you, and you can swing it, switch to a card that offers zero percent interest for 12 to 18 months. The key is to make sure you can pay off the balance within that time. This can save you hundreds to thousands of dollars in interest.
Stockpile-Last, but not least, if you don’t want to give up the things you love, consider stockpiling. Whenever an item goes on sale, buy extra. This saves you money by allowing you to get the brands you love without having to pay retail. If you want to REALLY save money, match those sales with coupons and use rebate apps.
Little changes add up to a lot! There are over 100 small things you can do that will add up saving money. I know that to see a list of 100 things might seem overwhelming, but you adopt one or two habits at a time, and before you know it, you’re looking at a bigger checking account.
You don’t have to give up the things you love to save money. There are so many simple things that can save you thousands per year. For example, if you drop cable TV and were paying $150 per month, you’d save $900 by switching to Sling and getting a lot of their channels for $50 per month. That’s nothing to sneeze at. The same goes for your cell phone. If you’re paying $95 a month and switch to a company for $35 per month, you’ll end up saving $720 a year. With those two changes, you will have saved enough money to take a vacation. That doesn’t sound like deprivation at all, does it?