5 tricks to save hundreds of dollars more every month


Saving money is something everyone loves to do. The bottom line of Create a budget It is not spending money on things that are not important to you so that you still have money for the things that matter to you. You may consider making drastic changes to your life to save money, but the best way to save is to make simple changes to your daily activities. You are more likely to stick with it that way. to go along with National Savings DayHere are some tricks you can check out to save hundreds of extra dollars every month.

See your subscriptions

One thing you can do is look at the files Monthly subscriptions. Mint contains Compact tool To help you manage and track your monthly subscriptions. These subscriptions can be useful, but only if you use them every month. It’s so easy to sign up and then “forget” about gym memberships, box subscriptions, streaming services, or meal plans. Then you continue to be charged every month for things you no longer use. Take a look at all the monthly subscriptions you pay for and find out which ones you want to keep using.

Some of the subscriptions you consider “essential” (cell phone, utilities, cable, or Internet) are worth considering. Many other similar facilities and services will allow you to Re-negotiate your bills. Once you contact them, you may find a better plan or offer that will allow you to save each month.

Refinance your mortgage

Another option to save money is Refinance your mortgage If you are a home owner. Whether or not refinancing will do you any good depends on your home and general situation. Interest rates are close to historical lows, so you may be able to save hundreds of dollars a month on one of your highest monthly expenses.

Pay off your debts

If you have a medical loan, credit card, student loan, car, or other form of consumer debt, you may be able to save money by paying off and/or canceling some of the debt. It is a good idea to keep some of your savings in range emergency fund, but if you have more than that in a checking or savings account, you are likely to get more payment for your money by using that money to pay off or cancel your debts.

There are many debt repayment strategies Available, including things like the debt snowball or debt breakdown methods. If you don’t have the savings yet to start getting rid of this debt, this is a good place to start directing your monthly savings. As you start saving more and more, you can use this money to pay off your debts.

Make a meal plan

Besides housing, food is one of the highest monthly expenses for most people. A good way for many families to save money each month is to look at food expenses. Generally, the most expensive thing to eat is eating out in restaurants. The next highest cost will be food delivery or meal prep services, and the cheapest way will be to buy your own food at a grocery store and prepare your own meals.

Oftentimes, eating dinner out rather than cooking it is the easiest option after a long, hard day at work. If this sounds like your situation, one solution might be to make a meal plan on a weekly or monthly basis. This takes all the guesswork out of “what should I make for dinner?” Since you have already decided. It can also help simplify regular trips to the grocery store.

Use credit card rewards

Wise use of credit card rewards can be another great way to save money each month. As a caveat, if you have existing credit card debt or struggle to pay your bills in full each month, it may make sense to focus on paying off your debt before considering credit card rewards. But if you are already on a solid financial footing, using a credit card Rewards It can help you earn extra cash or travel rewards on the purchases you already make.

bottom line

Look for small, sustainable gains. Making these small changes to your daily expenses will increase over time and are easier to stick to over time. Take a look at some of these ideas and see if any of them make sense for you.

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Dan Miller (79 posts)

Dan Miller is a freelance writer and founder of PointsWithACrew.com, a site that helps families travel free/cheap. His main base is in Cincinnati, but he tries to travel around the world as much as possible with his wife and six children.

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