With Labor Day fast approaching and school starting again for the fall, finding ways to keep your budget in check are important. With that in mind, what follows are five easy ways you can immediately reduce your expenses and add up to $2000 to your bank account over the next year:
Premium cable networks such as HBO and Showtime can add upwards of $1000 per year to your total cable or satellite subscription bill. If you’re not watching the content you’re paying for, it makes sense to cancel that part of your service and pocket the savings. Most people only watch a handful of channels compared to the hundreds they are paying for.
Are you receiving magazines or other periodicals you rarely ever look at? If you subscribe to say a half dozen magazines, that could mean a couple hundred dollars each year. Much of the content found these periodicals can be obtained for free online. In addition to saving you money, the online content is many times much more current and immediate.
Banks are notorious for “nickle and diming” you to death with fees for everything from checking accounts to withdrawing money from an ATM. The banking industry is intensely competitive. These fees can add it quickly over the course of the year. If your bank is charging you fees to do business, it’s time to find another bank.
This may seem obvious but paying your bills on time is probably to simplest way to keep more money in your pocket. While it can be easy to forget to pay a bill, the late fees and other charges that comes with that forgetfulness can add up in a hurry. These fees can ranges from just a few dollars to $30 or $40 or more for each incident. One way to insure on time payments is to make use of any automatic electronic payment systems your bank may offer.
Instead of ordering out for lunch, pack your own. Bringing your own lunch to work each day can mean a savings of $800 based on spending only $6 a day. Even you you can’t bring your lunch everyday, try to do so a couple of days. Even two days a week will save you a significant amount of money.
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Marty
With summer in full swing and energy prices soaring, I though I would offer my top energy savings tips for summer. Most of these tips center around reducing your electricity usage in and around your home. So, without further ado, here are some money savings ideas: Read the rest of this entry »
