Most advice regarding saving money involves actions like abandoning your favorite coffee chain and eating in every night. However, there are ways to save money without watching your lifestyle take a major hit. Here are some tips to help you stretch your income without making any serious sacrifices.
Rewards Cards
Take advantage of rewards cards. If you use the card right, it’s like getting free money. Use the credit card for all of your purchases around town to watch the rewards stack up. Make sure you pay off the card at the end of every month to avoid interest charges.
No-Load Mutual Funds
Take advantage of no-load mutual funds so you can save money on commissions. Look for funds that are performing well so your money will continue to grow.
Get a Better Deal
Call your cable company, phone company, and Internet provider to see if they can offer you a better deal. Some areas have package deals that can help you lower your bill without dropping any services. If you have been a long-time customer, then you can also talk to your provider about rewarding you with special discounts.
Refinance
Mortgage rates have never been lower than they are now. If you have a stable income and good credit, then you will probably qualify for more favorable rates. This is an easy change that can help you save a substantial amount every month.
Home Phone Service
Many people are dropping their home service completely and are using just their cell phones. Another option is to switch to VOIP. Calls are unlimited and the set prices are very attractive.
Use the Library
Save money by borrowing books instead of buying them. A great added bonus is that you won’t have to find somewhere to store your reading material when you’re done with it.
Mid-Week Fill-ups
Fuel prices rise on the weekends, but you can avoid this with some careful planning. The best time to get gas is actually on Wednesday. Try to avoid the stations over the weekend when the prices are at their highest.
Shop Online
When considering making large purchases, take the time to look for the items online. You can usually find better deals through the Internet, allowing you to enjoy the finer things in life for less.
Watch the Bills
Inspect your bills closely for fees to ensure that you are not overcharged. Look at the monthly fees the bank charges you, and talk to them about how they can be eliminated. Switch to another company if necessary. Examining your monthly statements will also help you catch mounting cash advance fees or other expenses that could be avoided.
FSA
If you haven’t signed up for a flexible spending account, then now is the time. You can have money for medical expenses pulled from your check before the taxes are calculated. It’s an easy way to save money. If you have children in daycare, then you should also talk to your employers about FSA accounts for daycare expenses.
Saving money doesn’t have to involve saying good-bye to your favorite treats. Simple changes will allow you to stretch your income further, without sacrificing the lifestyle you love.
As a couponer in the UK, Mary Blanchard knows the ins and outs of the best deals. One of her favorite sites to find discounts is Coupon Croc.