Credit to image used in pin goes to Courtesey Graphic. – Changes were made to the original image.
We all love that feeling when we have some extra money in our pocket at the end of the month. And many of us have the intention to save some of it and reach a certain savings goal, but we don’t know how to reach that milestone.
So what better place to look for some awesome advice than Dave Ramsey?
Imagine you have more than enough money left in your hand. What will you do? Will you pay off your debt or go on a dream vacation?
Well, all these things can happen! Let’s check out how.
Don’t run after brand names.
It’s all about marketing tricks. The marketing genius creates the brand impression in such a way that we all start running after it. But you’ll get the same quality in generic medications, cleaning supplies, paper products, or food items and the best thing is it’ll cost you less than those so-called brand items.
Transfer funds automatically.
Set up a bank account that transfers funds every month from your checking account to your savings account automatically. You can even go for a direct deposit. It’ll move each pay check’s 10% to the savings account automatically.
Energy costs should be reduced.
Try to take shorter showers and fix leaky pipes without wasting too much time. Apart from that, use cold water to wash clothes. LED light bulbs and dimmer switches will help you to win the race.
Pack lunch from home.
Have you ever thought about how much you spend in a month just from buying lunches out? With just a little effort in preparing a meal at home can save a lot of money and help you health.
It’s time to unsubscribe from marketing emails.
Email marketers can do their jobs quite efficiently. They offer tempting flash sales or “irresistible” coupons. If you can’t resist buying, click on the unsubscribe button. It’s the best solution to save money because your inbox will be less cluttered and as a result, you can protect yourself from that temptation of “deals.”
Do you spend money on subscriptions?
Nowadays we are addicted to paying multiple subscriptions for entertainments. Amazon Prime, Spotify, Netflix, gym memberships are just a few. If you are not using some of these subscriptions regularly, you can simply cancel it. If you really feel that it’s hard for you to not have that gym membership or Netflix, you can subscribe to it later on. But for now, just give it a try!
Spend as little as possible on phone calls.
Is your monthly cell phone statement competing with your monthly grocery bill? Then it’s time to cut your cell phone bill at once. You can start by cutting expensive data plans, useless warranties or phone insurance. Don’t hesitate to switch providers if it’s a bit expensive than others.
Stop wasting or overspending.
Stop buying nonessential items every month. Try to cook with what you already have. If an item isn’t a basic neccessity, just say no to yourself. Start storing things more. The habit of wasting or overspending will stop automatically.
Now the secret is out! Saving money is actually possible! It seems easy, but all you have to do is follow them on a regular basis. Then you’ll be able to see a visible change in your finances.