Think you don’t have time to live a more frugal lifestyle? These days, plenty of people avoid making significant changes to their spending habits because they assume, they’ll have to spend hours going through their bank statements or tracking their expenses. While it does help to devote a little extra time to your financial strategies each day, you can also accomplish amazing things just with five minutes of effort.
Change Bank Accounts
If your current account isn’t providing you with any benefits, but it is charging you a hefty monthly fee, consider to switching to something more lucrative. There are plenty of banks out there that are all competing for your business today. if you take some time to check out what the options are online, you could even find a handful of great rewards for switching to a new account. Not only do you cut costs, but you get additional gifts and benefits too!
Cut Just One Service
Plenty of people today go over their budget on a weekly basis because they’re signed up to subscriptions they’re not using. It’s all too easy to let money drain out of your account automatically in today’s digital world. However, if you look at your bank statements, you might find something that you can cancel that you wouldn’t actually miss. For instance, if you’re not using your gym membership, don’t just tell yourself you will one day. Cancel your subscription and commit to working out at home instead.
Optimize your Life
There are plenty of ways that you can optimize things in your day-to-day life to save money. For instance, switching to a programmable thermostat will help you to reduce your spending on unnecessary heating and cooling. You can also improve the cost-efficiency of your car by inflating your tires to the level recommended by the manufacturer. Cleaning out your vehicle air filters will also keep it running more effectively for longer. Even doing a little meal prep instead of going out for every meal can save significantly at the end of the month.
Shop with a List
Before you go shopping for anything, write a list of what you’re going to buy and stick to it. This might seem like an overly simple tip, but it can save you a fortune. Remember, grocery stores and supermarkets are constantly working on new strategies to convince you to buy things you don’t need or want when you’re walking through the aisles. Having a list will help you to keep yourself on target and ignore the marketing voodoo.
Drink More Water
Finally, if you want to live a healthier lifestyle and save cash at the same time, you can accomplish both of those things by drinking more water. Drinking a big glass of water before you eat a meal will keep you full for longer and lead to smaller portions. You’ll also feel better when you’re hydrated, which means that you spend less cash on snacks and sugar to pick up your mood. Drinking water at restaurants also reduces the amount you spend on your meals overall.
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Founder Dinis Guarda
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