We know that we are able to spend less by making sacrifices, whether it’s eating out less to buying less and cutting back on items. It can be an effective way to save, but it is also painful.
Here is how you are able to save money, without changing yourself too much.
Staying fit and being healthy is hard work, but if you are in good shape then you are able to save a lot of money on your life insurance and health insurance.
Consider Car Insurance
You should reexamine your car insurance every year to see if you are able to make any savings. You could for instance raise your deductible, which will then lower your premiums. If you have an older car then determine if you really need collision coverage. Also every year compare medical insurance quotes, which is easy to do online.
Improve your Credit Score
Of all the ways that you can save money painlessly, improving your credit score is the most important. Having a good credit score can save you a small fortune.
Invest on the Cheap
If you are a mutual fund investor then stay with funds that have a lower expense ratio. Keep the weighted average expense ratio under 50 basis points.
The Triple Threat
A large monthly expense is cable, Internet and phone. The major providers will usually offer discounts when all three of these are bundled together. You can then save money and get just one monthly bill each month.
The option of going prepaid on a cell phone will not suit everyone, but there are some that will be able to save a small fortune by going prepaid.
Online shoppers can take advantage of special discounts. There are also discounts, promo codes and coupons.
If you have good credit then there are cash back credit cards that gives you a certain amount back on purchases.