Whether you're saving up for your dream vacation, trying to get out of debt or guilty of overspending, we all need to save a little money sometimes. Thankfully, saving money is much easier once you figure out where you need to cut back and how to do it. To get you started, here is a short list of five things you're probably spending too much money on.
1. Convenience Foods
Whether you hit the drive thru on the way home from work, go out for lunch five days a week or fill your grocery cart full of snacky foods, you're probably spending way more on convenience foods than you realize. Cook at home, bring your own meals, and make your own snacks from scratch. It really isn't that difficult, and you'll be amazed at how much money you can save just by planning and cooking ahead.
2. Your Phone, TV and Internet Bundle
How much are you paying each month for your phone, TV and internet? Probably more than you should be. When's the last time you looked over your bills for duplicate or unnecessary charges? When's the last time you called and asked for a discount? (Sometimes they'll give you one just for asking!)
If you have a phone with unlimited talk and text, you probably don't need a landline. You could also ditch the cable and watch your favorite shows online or through Netflix.
3. Cleaning Products
You want a home that's clean, but there is no reason to spend an arm and a leg to get it. Did you know that you can make pretty much all of your own cleaners and save big bucks doing it? It's true. Common household ingredients like baking soda, vinegar, Dawn and hydrogen peroxide can be used to clean just about anything in the home safely, effectively and cheaply!
Of all of the ways you can save money, cutting your grocery budget is probably the easiest and most widely known. There are so many ways you can save money on your groceries while still eating well that it is just silly to pay full price. Cut coupons, watch for sales, ad match, fill out rebates, buy on clearance, buy in bulk, meal plan… the options are endless!
When it comes to money wasters, fees are the worst. You pay top dollar and get nothing in return. This is why avoiding fees is so essential. If you frequently get charged late fees, sign up for auto payments so you never forget a bill again. Leave your movies and library books by the door so you don't forget them. If your bank account or credit card charges you regular fees, shop around for one that doesn't.
While there is nothing wrong with spending a little more on the thing that matter to you, no one wants to waste money on the things that don't. Stop wasting so much of your hard-earned money on these five things and you'll have more money left over for the things that really matter.
What's your best money-saving secret? Share it with us below!