TIPS ON SAVINGS…
Saving money can be a bit of a daunting task. It helps when you have some guidance. I cannot tell you how many times I have received a check and before I know it, it’s been spent. In identifying a savings plan you have to consider all of your expenses. Here are some tips to help you save and plan your finances better.
Get Old School With It
Find yourself a note book and write down all of your monthly expenses. This should include bills, groceries, personal expenses (hair, nails, clothes and recreation). Be mindful of where your money is going and how it’s getting there.
Identify Your Paying Comfort
Some people can afford to pay all their bills at once. While others are better at paying their bills weekly or even bi-weekly. For example, my cell phone bill costs $109 per month. Rather than pay the $109 flat every month- I set up automatic weekly payments in the amount of $27.25 that way. Now just think if all of your bills were hitting your account simultaneously- and the devastating impact it leaves once all of your bills are paid. Versus paying your bills in weekly increments. It’s all about what works best for you.
Do Not Waste Money on Outside Food
One of the best and easiest ways to save money is buy not spending it unnecessarily. Bringing your lunch or packing snacks while on the go can help you save lots of money by not wasting it on outside food.
For each day that you bring your lunch, the money that you would have spent on lunch should be transferred from your checking to your savings account.
Take Public Transportation Instead
If you live in an area that has a solid public transportation system, then replacing your normal ride with a cheaper alternative will surely save you some money. Driving, ride-shares, and social transportation networks are really convenient and cool ways of getting around, but if you want to save a lot more cash. Substitute your driving commute, Uber or Lyft ride for a public transportation commute instead.
Do yourself a favor by depositing the difference in the amount you would save by taking public transportation instead of driving.
Online Coupons & Promo Codes
There are tons of websites that promote online shopping discount codes. Before you check out what’s in your cart, be sure to check out if there are any online promo codes first. A simple Google search can help you!
Income Taxes Return and Write Offs
There are so many tax write offs that you can claim when filing taxes. Be sure to seek out a tax professional that can help make filing taxes and claiming write-offs easy. The more write-offs you can claim the more money you may get back on your tax return.