Money Saving Tips

Hello, 

So we’re going to switch gears a little and talk about personal finances. With the price of EVERYTHING going up we are all trying to find new ways to fund our champagne taste on a beer budget. 

Looking for ways to save money is very important to any budget. I’m going to share some money saving tips to help you with your finances.

1- Utility bills

How often do we sign up with a utility company, set up auto pay and never review our invoices or contracts? Some utility companies offer discounts that expire or start adding various fees over time. Taking time to review these bills can lead to extra money in your pocket!

2- Grocery shopping with a list 

Ever walk into the grocery store for milk and walk out almost the entire store? Yeah, me too. The best way to avoid this is by having a list and sticking to it. Go in the store, get what you came for and LEAVE! Hard, I know, but it can be rewarding in the end. 

3- Seek out sales 

Listen, there is nothing wrong with getting the things you want on the low-low. Oftentimes, especially if I’m shopping for an expensive item, I will search multiple stores to compare prices. I live for a sale and always feel like a winner when I get to shop and save money at the same time. 

4- Subscriptions 

Similar to what I mentioned regarding utility bills, subscriptions are on a set it and forget it model which can lead to monthly payments for a service you do not use. I paid a gym membership for 2 years and only went to that gym 4 times. Review your bank statement for any subscriptions you no longer need. 

5- Budgets

Having a budget in your head may seem like it’s working, however, when you actually sit down and create a proper budget it can be eye opening. I have worked with clients who didn’t realize how much they could learn about their finances by having a budget. Once their finances were laid out in an organized manner they were able to make more informed decisions. Get with a finance professional or get an app today and start budgeting!

A penny saved is certainly a penny earned. Even if you find $20 a month that you can save, in a year that will grow to $240, which is money that can go towards something else.

I hope these tips help you find savings in some way, or give you more slush funds so you can enjoy more of the things you love. 

If you need help putting together and sticking to a budget please reach out for a free 30 minute consultation.

Till Next Time!