Some money saving tips are obvious. Don’t eat out? Done. Don’t buy Gucci? Done. But what about some ways that aren’t so painfully apparent?
Here are some common money-sucks that you probably didn’t know you could save on.
1. Stop paying ATM fees
ATM fees have a funny way of sneaking up on you. people who are smart with their money try to limit the amount of times what they use ATMs. Sometimes you have to, but other times you can avoid it.
2. Don’t ignore company benefits
Does your company offer free food or free health insurance? A lot of times they may not tell you, but a little soul-searching can tell you the right answer.
3. Get rid of outdated appliances
It might be more money up front to buy a new refrigerator, but that old one might end up costing you way more. Don’t let the past be the reason that your wallet suffers. Instead, invest in energy efficient appliances.
4. Stop buying extended warranties
I’ve never needed to buy an extended warranty and I’ve saved a ton of money from not investing in them.
5. Don’t cancel on your fellow drivers
Uber and Lyft are super convenient, but did you know that cancellation fees can add up? Why pay for something that you didn’t even buy?
6. Don’t forget to use coupons
I’m never going to be on an episode of Extreme Couponers, but if the opportunity arises, I’m going to take advantage of them.
7. Don’t fall for sales
Sales might seem like a great way to save some money, but they may actually be causing you to spend MORE. If you weren’t planning on buying something BEFORE the sale, don’t buy it after.
8. Don’t let interest rates fool you
It might seem like you’re getting a great deal on a loan, but don’t let interest rates fool you. A high interest rate can EASILY make you pay double or even triple what your initial investment was. It sucks, so make sure that you’re being wise with your money.
9. Don’t buy things with credit
Don’t buy things with money that you don’t have. Why stress yourself out? It might seem self-explanatory, but a lot of people do this.
10. Skip on the pool
Unless you’re going to be swimming in your pool every day, or at least enough to justify it, it might be better to skip it. They cost a lot in terms of maintenance and if you’re looking to save a few hundred dollars, this is a great place to cut back on.
11. Only make right turns
UPS stopped turning left and they saved a bunch of money. It reduced car accidents and cut back on the amount of time that the engine is kept idling. It might be something you want to try.
12. Buy your own cable box, modem, and router
Buy your own cable box and modem to save money on expensive rentals. Not down for it? Get rid of cable. I haven’t watched TV in over a year. As for a router? Companies like to overprice they’re rental equipment because people usually think that’s more convenient. Shopping for your own router is actually pretty easy. Don’t pay for something if you could save money by doing it yourself!
13. Buy food at the right time
Who wants to pay an extra $2 for an avocado? Buy fruits and vegetables in season to avoid paying extra costs.
14. Drop collision and comprehensive coverage
If your car is worth less than $3000, it’ll cost you more than you’ll probably get back if you make a claim.
15. Need to heat up water? Use the microwave
Using your microwave to boil water saves more money than heating up the stove. However, if you must boil it without a microwave, make sure to place the lid on the pot. You’ll save more energy.
16. Get rid of your landline
I’m guilty of this. I still have a landline, but I’m probably going to end up getting rid of it soon. Why keep it when I have one that I can take everywhere?
17. Stop buying paper towels
Instead of buying paper towels, I’ve invested in some high quality reusable microfiber dish towels. They’re super easy to clean and a lot nicer looking.
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