Many people feel the pinch a little in January, meaning they’ll want to start thinking about how to save their money over the upcoming year.
Parenting is expensive- here are some tips on how to save the all-important cash in ways you won’t even notice you’re making savings.
- Cut the Subscription services
You need Netflix to stay with the program these days, and there are many other streaming services available- do you really need the cable, too?
Many of your favorite shows and weird documentaries can be found online. Save money by cutting off your cable and find a fabulous deal for Wi-Fi that allows for unlimited streaming.
You started a free trial for an online workout coaching profile but didn’t cancel the trial- that’s another $12 a month. End that free trial before the month is up! It’s easy to make big savings on the money you may not even realize is being spent at all.
- Check your balance, daily
Using your credit card for all of your transactions, you can easily lose track of what you’ve been spending. One day, you may get your card declined due to insufficient funds in your account.
If using cash is not an option for you, use online banking to keep track of your spending. Many banks offer apps to their customers which means they can manage their spending from the comfort of their own homes or when out and about.
Use apps that send daily alerts to help you keep on track.
- Save on the Day you get Paid
Make sure to have any automatic payments coming out the day you get paid so that you are aware of the money you’ll have for the rest of the month.
If you have a savings account, transfer any remaining money you have at the end of the month, and then a regular amount each time you get paid. You’ll see your savings grow incredibly quickly.
- Use a gift card to pay for your coffee
Caffeine addiction is a real thing in the modern age. While you don’t have to stop drinking it (never!) a daily coffee can cost up to $5 a day, which when you think of it as over $1000 a year, you can see that the cost really does add up over time.
Load up a weekly allowance for your coffees and don’t add any additional funds until the start of the following week- it also helps to keep caloric intake in moderation, too.
- Want Vs Need
When you have money it’s easy to buy the shoes because you want them, rather than because you need them. When you start saving money like it’s your full-time job, you’ll begin to see how much money you spent on things you never really needed at all.
- Look after the pennies
Keep small change in a jar. It may not look like much at first, but your change will soon add up over time and you’ll be able to deposit it into your account and have it make quite the difference.