If you want to know how to save money, you’re not alone. Everyday, people are looking for different ways to put more of their hard earned money back in their own pockets. With the economy as bleak as it is, saving money is more important than ever. Here are a few ideas as to where to find cost cutting methods that are as painless as possible.
One of the easiest ways on how to save money is making sure you pay your credit card bills on time each month. According to statistics, Americans blow $22 BILLION a year in credit card late fees, penalties and other charges. If this happens to you on a regular basis sign up for automatic bill pay so your payments will be deducted straight from your checking account before they are due.
Another rather overlooked money sucker and a simple way how to save money is your cellphone bill. This can be multiplied when there are several people in one household using cellphones on different plans. Make sure everyone in the house knows how much data or minutes they are using monthly. If you have a plan that seems like a bargain because it is cheap up front, make sure you are not using more minutes or data than what is allowed. This is where the overage fee add up. These fees can create a huge bill that you may be totally unprepared for.
The best way to avoid this scenario is to contact your carrier, identify what your normal usage is and then discuss the best plan for you.
Depending on your lifestyle, another easy task on how to save money is giving up unused or even underused memberships. Many people purchase a membership to a gym when making a New Year resolution with all the intent in the world to reshape their body and live a healthier lifestyle. For most this will fall by the wayside after a few months but they hold on because they think they’ll start using it again. Be honest with yourself and see if you’re really going to use the membership. If not drop it and save the monthly fee.
Another type of that’s easily shed is a movie or game rental membership. These are frivolous expenditures when dealing with strict budget and should be treated as such.
Here’s how to save money that’s most likely overlooked everyday. Automatic teller machine (ATM) fees can add up and are usually charged when using one not associated with your own bank. Some banks offer a mobile app made specifically for finding their nearest ATM. This is a great way to avoid those small fees that can add up over time.