Spending less and saving more isn’t exactly most people’s idea of a good time. However, if you truly want to control your finances, you also need to control your spending. This means finding ways to build up savings. Luckily, there are a few places that you can cut spending and probably not even notice the difference.
Reexamine Your Insurance Policies
Insurance can be expensive. However, since there are many insurance companies out there, it can be possible to find lower rates on your existing coverage. Look at your policies and figure out what you are spending each month. By examining your policies you can determine if there are any ways to spend less. Often, savings are possible when you combine automobile, homeowners and other policies. You may also be able to switch to a lower priced insurance solution while still getting great coverage. Each insurance company calculates their rates differently, which means that some companies can offer better deals in certain situations than others. Consider using a rate comparison service to compare insurance rates and see if you can find some simple savings.
Lower Your Utility Usage
Turning off the lights and using less water can add up. You may find that if you focus on reducing your energy consumption that you will really notice a difference on your monthly bills. Consider turning off the lights more often, switching to energy efficient light bulbs or reducing the amount of time you water your lawn. You can also adjust the thermostat a little or put it one a timer so it doesn’t have to run all day. These little changes won’t affect your life much, but could result in a little extra money each month.
Grocery store and other generic brands often work and taste just as good as their more expensive counterparts. Try a few new generic products and see how you like them. If they don’t meet your needs, you can always switch back to your favorite the next time you purchase this item. However, if they are just as good as the other products, you can enjoy their savings. Try a less expensive version of a couple products next time you hit the grocery store. Odds are you won’t even notice the difference.
These simple tips are great ways to spend a little less and save more without compromising. Often getting in control of your finances is simply learning to evaluate options more rather than sacrificing the things you love.