No matter how much money you make, you’re probably not making enough. There are more costs out there than you might imagine and they tend to pile up faster than you could ever expect. If you’re looking for ways to save money, you’re in luck – the following ten tips and tricks can help you to keep your bank account in the black.
Make a Budget
Budgets are everything to financial planners. Make a budget so you know where your money is going and so that you feel motivated to stick to your plan.
Plan Your Meals
One of the easiest ways to waste money is on food. If you want to save some money, plan out your meals at the beginning of the week so that you don’t get tempted to blow your money on fast food.
Look at Your Subscriptions
How many subscriptions do you have? How many are you actually using? If you can’t answer both of those questions, it’s time to take a look at your credit card statements and making some cuts.
Repair, Don’t Replace
Yes, it’s time to start investing in replacement parts. Throwing away perfectly good items is a great way to hurt your bank account and the environment at the same time, so start learning how to repair your own stuff. In time, you’ll notice that the cost of replacement parts is much lower than the cost of new items.
Know-How Your Money Works
Do you actually know what your money is doing? Do you have it in a checking account that has no interest and high fees? Are you throwing it an investment that probably won’t pay off? Take some time to educate yourself on what your money is doing so you can figure out if you’re ignoring better opportunities in favor of something that’s not quite so great.
Establish a Fun Account
You’re going to spend money – and you deserve it? Just make sure that you’re drawing from the right account when you do so. Establish a separate account just for having fun and realize that when it’s done, you’re done.
Don’t get tricked into buying brand names just because you’ve heard of them. Buy generic, buy store-brands, and buy the knock-offs if you can find good reviews. You want to make sure that you’re actually paying for what you use, not what the name on the … Read the rest