So if you do think you’ll be tempted to overspend, then delete the app. You don’t want to get caught up in buying just because you can get cash back from some major stores and brands. There are other apps you can choose from as well. You can get money back for shopping through Ibotta, one of my favorites. You do need essentials to live and sometimes you do need new clothes or household items.īut a great way to get some money back is use a cash back app for when you do shop. You aren’t going to stop spending completely. You may still get targeted ads on these platforms, but the less images of things to buy in your feed the better. If you have spending under control and are not tempted, then by all means keep them.Īdditionally, you can unfollow any brands from social media too. Sure, you may get some coupons to save money or see some sales but it’s just a way to loop you back in. The first step is to unsubscribe from retail emails. Of course, you can’t completely avoid it all, but you can eliminate more of it from your life. Remove retailers from email and socialĪ quick way to avoid spending temptations? Remove retailers and stores from your life! A great way to save some money when going out to eat. Tip □ If you do go out to eat and have kids, there are restaurants who will offer promotional periods during different days of the week where kids can eat for free. It will save you money from going out to buy lunch and time when your meals are ready.Īnother reason to invest in that crock pot! Pack lunches and meal prep at homeĪs simple as the idea of packing lunches and meal prepping is, we often overlook this when it comes to saving money.īut instead of going out to eat for lunch or picking up food on the way home, prep in advance!Ī good example is take part of your Sunday (or any weekday) to make lunches for the week and schedule out your dinners. This won’t make you rich, but it’ll keep some money in your wallet every month. If and when you do go out to eat, you can save yourself some cash by sticking to water. Invest in a filter for your faucet or a filter pitcher you can put in your fridge. The body loves and needs water, so why not save money by sticking to water?! I’m not saying you should never drink anything else, but buying beverages adds up. You can also get a good crock pot at affordable prices, so that won’t break the bank. Plus, it’s easy to do so you don’t have to worry about tons of time cooking. There are plenty of amazing crock pot recipes that can make you tons of leftovers. And buying a crock pot is a top choice for saving you time and money on food. Sometimes you do need to make a good purchase to save you money in the long run. Yes, you may lose the convenience factor of not cooking or packing your food, but it will save you thousands every year. Start meal prepping, couponing, and even buying in bulk when it makes sense. The markup on buying food at restaurants is pretty staggering considering what you can do by making it yourself. The major money savings will be on going out to eat less. That’s quite a bit of cash that could be invested or used for emergency fund building. Cut down on groceriesĪccording to the Bureau of Labor Statistics, nationally we spend more than $7,700 per year on groceries and going out. Since the cost to invest in these funds are fractional percentages, you keep more money in the long run. The reason they are ideal is because these funds provide broad market exposure and have low expenses and low portfolio turnover. These are portfolios of stocks or bonds to match and track against the financial markets. One of which you should highly consider are index funds. When you begin investing to build wealth and for retirement you have various choices to choose from. The micro-investing platform takes your spare change and can also invest in fractional shares. Now you are able to put small amounts of money away and grow it.Īnother example is the well-known company Acorns. However, some financial companies have made the process easier.įor example Stash Invest allows you with a min of $5 to invest in fractional shares of stocks, ETFs, or bonds. One of the challenges for a lot of people is having any money to actually buy shares of stocks. One of the fintech advances recently is being able to invest and save spare change. The service is free to use for their 401k Analyzer, which now works for IRAs too! 2. One of the best ways to catch these fees and ensure your investment portfolio is optimized is to use Blooom. Many financial companies have account fees, maintenance fees, or other high fees that are costing you thousands in retirement.Īnd most times, you might not even realize this is happening! If you are investing for retirement in a 401k or IRA (you should be!), one way to save yourself money is to watch out for fees. Catch hidden fees and improve investments
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