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Many of us have savings goals, but it can be hard to save with so many outgoings. Luckily, with a few small lifestyle adjustments, you can make big savings on your monthly expenses. To get going today, try these five simple tips.
1 . Keep It Minimal
According to Micheal and Masa Ofei, ‘we define minimalism as the process of identifying what is essential in your life and eliminating the rest. Less is more.’
Minimalism can help you to save money because you become more intentional and mindful with your purchasing habits.
To help you live a minimalist lifestyle, consider the objects that you actually need to buy. Before you make a purchase, think carefully about the necessity, the price, and the value. Carefully considering your purchases is the key to saving money.
2 . Go Green
According to Electrek, ‘Transitioning to 100% green energy would save Americans billions in energy costs each year.’ Data showed that yearly savings per household would be between, ‘$1,050 to $2,585.’ Consider switching to a green energy provider, or investing in solar energy. There are lots of other ways to go green and save money:
- Shop for second-hand items.
- Recycle and upcycle your household waste.
- Grow your own fruits and vegetables.
- Use energy-efficient appliances and water-saving fixtures.
3. Compare Providers
The average household has plenty of bills to pay, from your phone tariffs to your gas bills and internet costs. Many people choose one provider and then stick with the company long-term. The problem is, you could be missing out on a better deal. To reduce your monthly bills, take a look at the PocketGuard app. The app helps users to look for less expensive bill providers, or negotiate lower rates. You can also organize the older subscriptions that you’ve forgotten about.
4. Create A Budget
To save on your monthly expenses it’s incredibly important to create a budget. You’ll need to organize your expenses into categories, to understand your financial health. A budget can help you to save money, visualize your monthly spending, and set financial goals. Whether it’s budgeting, retirement planning, or investments, you need a roadmap to secure your financial future. To learn more about planning your future finances, consider working with a retirement advisor.
5. Use Apps To Save
Discounts and deals can help you to save money on your monthly expenses. To get started today, try these neat apps:
- Shopkick: This app helps users to get free gift cards and rewards. Simply scan your shopping receipts, and start enjoying plenty of free discounts. Shopkick rewards users with ‘kicks’, for each dollar they spend. You can earn discounts by shopping online or in stores.
- Retail Me Not: Using this app it’s easy to find deals, whether it’s tech, clothing, or homeware. You can browse discounted items from stores like American Eagle, Macy’s, and Sephora.
With these five simple tips, you’ll get closer to reaching your savings goals. You might be saving for a special purchase, or looking to make your money go further.
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