Basic Ways to Save Big This Year
Who reading this right now isn’t interested in saving money? Exactly. Who doesn’t want to reduce necessary spending to drive up their discretionary income? For renters, homeowners, and others in charge of their month to month financial and lifestyle destinies, the dollar here, dollar there shaving away of expenses can really go a long way. Considering the average working professional in 2016 earns the same as one in the same field in 1986, while the costs of goods and services have risen, speaks volumes about the value of a saved buck these days!
So, without further ado, here are some basic ways for self sustainers out there to save big this year:
If you’re like most people, the phone bill, Internet bill, and cable bill are all going to different companies. Choosing to instead bundle these services into one package will undoubtedly lead to $10, $20, even $50 in savings every month. If reliably fast Internet is a must, check for Verizon Fios availability in your city. Bundles like these are ideal because they include fast speeds at a low price thanks to fiber optic technology.
The same principle regarding telecommunications applies to insurance. Most auto insurance providers also offer policies for renters and homeowners. Of course, this works both ways, so depending on which insurer you like best, see if you can’t switch everything over to them exclusively. Insurance companies will always offer lower rates when policyholders have more than just one active policy.
Consolidate student loans
Chances are good you’ve gone to college and gotten a degree. Along with it came student loans, no doubt. The crippling default payments required of recent graduates and others earning very little income don’t have to be accepted; consolidation options exist to reduce the payment amounts. These programs enable borrowers to pay back based on how much they earn. The more money you make, the more you’ll pay every month, but in the meantime it provides some financial breathing space.
Roughly one quarter to possibly one third of Americans avoid online business transactions, i.e. shopping online. The reasons have to do with privacy concerns and fears of having their financial identities stolen. Truth be told, proper due diligence can result in safe and secure online shopping. The result is a much lower cost of many household goods and other important products purchased on a daily basis. The average person can easily save over $100 every year by skipping the supermarket and mall in favor of online alternatives.
Online is also where one can find just about anything for sale used. Every major city and even most small towns have Goodwill and Salvation Army stores as well as other “mom and pop” resale outlets. It’s more than just a great way to find funky outfits for Christmas and Halloween. Used goods can result in major yearly savings, no question.
Making ends meet by ourselves and on our own is no easy task in today’s world. To do so successfully, every avenue of potential savings must be followed. By following up on ways to shave off monthly expenses, independent professionals can make a go at life without worrying so much about whether there’s enough money to make it happen.