There Are Easy Ways to Save
Most people think there are no shortcuts or easy ways to save. Talk about putting money aside for a rainy day, and they respond with a grimace. It appears no one ever told them there are painless ways to save money. Well, it’s long past time that you expose your mind to the concept of passive savings. It means you don’t have to give up things you enjoy. The idea is instituting small changes that will result in substantial rewards. These lifestyle hacks will put more money in your account at the end of the month. You might say, it is almost like having the boss give you a raise. I have your attention now don’t I?
Although you are listening, it’s clear that you are skeptical. “Oh sure,” you say, “There are no easy ways to save.” You have been conditioned to associate saving as painful. It is achievable only through sacrifice and austerity. Depending on how much you need to put aside for a home, a vacation or whatever, saving can be viewed as unpleasant. Or not, because it is just a matter of attitude and perception, but that is a story for another day. Our topic is easy ways to save money.
Here are my five best, tested and approved as easy ways to save for a home.
Kick That Credit Score Up a Few Notches
When you apply for a mortgage, a high FICO number will get you a lower interest rate. Even a quarter point reduction on a $200,000 mortgage will save you tens of thousands over the life of the home loan. Consider that motivation. If you are buying a home, bringing up your credit score is an easy way to save thousands.
Shop Auto Insurance
If you haven’t shopped for car insurance lately, it’s time to make some rate comparisons. Providers are competitive. It may also be possible to trim your coverage options. If you have an older car for instance, perhaps you should review the idea of dropping your collision coverage or raising your deductible. Recently I made a change and lowered my annual payment by $250 without sacrificing coverage. Now if that is not an easy way to save, what is?
Change Cell Phone Carriers
Another easy way to save money each month may be to switch cell phone service. When I noticed last year how expensive my monthly mobile service was becoming, I did some research. On a friends recommendation, I switched from a major carrier to Google’s Project Fi. The monthly savings add up to approximately $60 per month. With my new service I only pay for what I use each month, and in a year and a half, I have not had a bill over $30.
Cut the Cable Cord
Several years ago I canceled my cable subscription and became an avid live streamer. With my Amazon Fire Stick and Prime for $99 a year and a live streaming subscription to Netflix for $9.99 in HD, I have almost limitless program options. A bonus – a wide variety of premium channels available through Amazon and other options like Hulu and Sling open your world of viewing pleasure! All total my cost is about $30 a month. Ditching cable is an extremely easy way to save on entertainment.
A few other options to consider include, using cash back or reward credit cards, switching to a cheaper internet service, and asking your credit card company for a lower interest rate, especially if you bring up that FICO score!
Those are my best easy ways to save money without sacrifice. I challenge you to think of a few of your own! Happy saving!