For a lot of people, the recession of the late noughties was a massive rude awakening, prompting them to tighten their belts, cut back on luxuries, and put more money into savings. However, now that the economy has perked up so much, people are spending more, and saving less. If you feel that your personal finances are slipping through your fingers, here are some quick and easy changes that you can save you heaps of cash!
Put your Money into a Routine
Giving yourself a solid financial routine is one of the most effective ways to regain control of your money, and dodge unnecessary expenses like overdraft fees and late charges on loan payments or utility bills. No one wants to be late to pay a bill, or slip into their overdraft, but basic principles of money management can often slip through the net when you don’t keep your eye on the ball. Turn all this around by getting into a more structured routine. Set a day of the week where you have some free time, and dedicate part of it to going through routine tasks, like going over your expenses, reconciling your bank accounts, and verifying credit and debit receipts. Establishing a routine and sticking to it will allow you to accomplish more in your life, like tracking a budget and monitoring investments. You can find some more advice here http://www.thesimpledollar.com/setting-up-a-weekly-money-routine .
Switch to Better Service Providers
We all have to pay various recurring expenses to keep a comfortable home. Electricity, water, gas, internet and TV all represent a drain on our money, and they’re not something that you can forego when you’re trying to penny-pinch for a couple of weeks. The easiest way to save money on these things is simply switching to a cheaper provider. Most people can afford to save on at least one recurring subscription or bill by doing a little research and finding a company that will offer them a better deal. Even if you’ve been getting a bargain from several different providers, you may be able to save money by bundling services together with deals like this http://www.verizonfiosdeals.com/fios-availability.html.
Be Smart with Groceries
We all know that it’s more cost-effective to eat out less, and have more home-cooked meals. However, don’t fool yourself by thinking that buying groceries will save you money in and of itself. If you go to the supermarket without a well-planned shopping list and your belly growling, you can easily make a string of knee-jerk impulse buys, and end up paying way more than you have to. To make sure you’re being smart with your grocery shopping, make a point of planning at least three cost-effective meals in advance. If each of these meals are enough for leftovers, it can feed the whole family for a week! You can save even more by making the main dish of one meal meat-free; a big garden salad, pasta primavera, etc. You should also try out some cheaper brands – you’ll be surprised at how tasty some of them are!