Daily expenses like your morning cup of coffee purchased on the way to work and satellite television with excessive channels can consume your expendable money quickly. Luckily, there are many ways to put some of your hard-earned money back in your pocket where it belongs by simply making a few changes in your lifestyle.
Buy in Bulk
If you have a large family, food shopping and essentials like shampoo and toothpaste can cost you a lot of money over the month. Getting a membership to stores like Costco or BJ’s allows you to buy in bulk and save. If you take multiple medications daily, and your renewal is once a month, see if your doctor will write it for every three months. This will immediately offer you savings on the deductible by reducing it to just four times per year. All pharmacies do not charge the same prices, for instance, if you have a Walmart in your neighborhood, check the Walmart $4 prescription list to see if the medication you take is on it. If it is, switch pharmacies.
Stop the Impulse Purchases
Advertising agencies specialize in grasping your attention to make an immediate sale. Before you make an expensive impulse purchase, shop around first. Many retail stores use catch phrases like “limited time only” or “one day sale” to get you to buy before you get the chance to change your mind. This can lead to paying too much for an item that may later go on sale for a cheaper price.
Stick to Your Shopping List
Going to a supermarket unprepared can cost you a lot of extra money. This is because when you don’t draw up a list and stick to it, you basically go aisle by aisle in the store and end up picking up a lot of items you don’t need. A list allows you to go in clear-headed and with a sense of direction. This helps to remove the temptation to buy more than you need or unnecessary items.
Take Advantage of the Competition
Stores constantly compete to gain your loyalty. This can work to your advantage. Many now have free savings cards that pertain to your buying habits. This allows you to get items and future purchases significantly discounted or for free. Examples include: a reduction in the cost per gallon of gas, free coffee or a few dollars off your next visit. Many credit cards also offer discounts on things like airline tickets and cash back on certain purchases.
Another way to save on the things you buy frequently is to pay in cash. This allows you to pay only the asking price without any added interest, and lets you keep track of your spending. Set aside a certain amount of money each week for specific things. When you spend it, it’s gone. Try not to take money out from your bank or place a purchase on a card.
Review Your Cell phone and Cable Bills
Most people simply pay their bills each month without ever reviewing the invoices for possible errors. When you sign up for cable television, they put boxes in the rooms you desire. If you change your mind once the cable guy shows up and decide that three boxes are fine versus the four you requested when you ordered the service, the technician may not note the account accurately. In this case, you may be paying for four cable boxes instead of the three you have. If you don’t review your bills, you’ll never know. Also, with cable, there are introductory channels that you initially receive. Once that time expires they may not remove the extra channels, they just start billing you for them. Again, without taking a look at the monthly bill, you may pay for services you don’t use or need.
If you use your phone for infrequent calls or text messages, you may not use up all the data each month. Many cell phone providers do roll them over; however, if you have no need for them, you’re basically paying more each month for no reason. Contact your service provider and reduce the minutes by switching to a lower plan.
There are many ways to save on the things you use each day. Review your bills frequently, and always shop around before making a big purchase.