7 Different Ways to Save Money For Financial Stress Relief
Posted Jul 04 2013 2:00pm
You’ll be surprised at how many different ways there are to save money if you’re truly committed to making a change in your financial picture. It may hurt at first to put away (or cut up – even better) those high-interest credit cards and cut corners when you’ve been used to ‘spending frenzies,” but after a while you’ll realize the benefits in the money you’ve saved for that big item, down payment on a home or a child’s education.
Some of these different ways to save money can save you up to thousands per year. Here are a few that you can easily put into action immediately:
Take your lunch to work. This can be a huge savings and make a positive impact on your budget. Be creative so you don’t burn out with sandwiches and soup. There are many hints and tips online about how to make your lunches interesting and nutritious. (And, don’t be surprised if you lose weight too!)
Don’t incur ATM fees. Some banks don’t charge a fee even if you don’t use their bank to withdraw money. But, some do charge outrageous fees, and these can begin to add up. Either choose another bank or withdraw money from your own bank.
Prepare home-cooked meals. It’s so easy to pull through a fast-food restaurant and bring home dinner for your family. But, it can be a constant strain on your budget and it’s usually not as nutritious as preparing a well-balanced meal at home. Get the family involved – and prepare heat-up meals on your days off.
Buy used items when you can. Books are especially easy to purchase at a discount or trade with others. If you read a lot, it’s a good way to get all the material that you can use without breaking the bank.
Shop for auto and life insurance. Many have saved hundreds of dollars per year by simply shopping for the best deals in insurance. You can get information from your state insurance department or speak to your current agent about lowering costs.
Prescription drugs. Necessary monthly medications can devour your budget. One way to keep prices low is to choose generic rather than brand names. You may need to speak to your physician about this alternative, but it can save you a ton of money. Also, check to see if a mail-order pharmacy can deliver your medications for a lower price.
Removing your land line. Most people use cell phones now anyway and can get a bundled package that includes long distance, wireless and even cable services. Call around and see what kinds of deals you can make with a service provider.
Once you begin to see how simple ideas can save you money, you’ll be enthused and ready to find your own ways to cut down and save money for the future. You may also want to let your friends and family know that you’re trying to save money so they won’t pressure you to go on expensive trips or other activities that will cost more than you want to pay.