3 ways to save $1,000 this year (easily!)

When you invest a little of your time getting organized…

… it gets easier to stay on top of your money.

Okay, so where do you start?

I’ll show you 3 ways to save $1,000 this year (easily!) – but first, let’s talk about the idea of small tweaks that add up to big savings.

There are two main places I want you to look for small tweaks: 1) recurring charges and 2) fees.

Many people are paying for things they aren’t even using (gym memberships, anyone?) – but never bother to cancel or downgrade the service.

Or they keep paying late fees or overdraft fees, without stopping to say, “what can I do to make sure this doesn’t happen again?”

Well, that sort of thing stops now. I’m going to give you 3 ideas for how you can sock more money into savings – money that is literally getting wasted right now. Even one of these (easy) changes can save you hundreds (yes, hundreds) of dollars every year.

1. Cancel monthly subscriptions. If you’re like a lot of people, you forget stuff. Like that “free” upgrade that turned into a pricey premium subscription. If your cable bill is over $100 a month (and it probably is), you’re paying too much. These days nearly all your favorite shows are available for free on the internet – so why are you paying for premium cable service? Trim it back (or better yet, cancel it entirely), and save around $1000 a year.

2. Set up auto-pay so you never pay bills late again. With internet, phone, rent, and utilities all coming due on different dates, it’s easy to forget when to pay. And when you miss that deadline – by even one day – chances are you’re getting dinged with a late fee. By setting up auto-pay with your checking account or credit card, and reviewing the bills when they arrive, you’re eliminating any chance of paying bills late…and saying goodbye to late fees.

3. Set up alerts on your bank account so you never pay overdraft charges again. Bank fees can be an enormous expenditure if you’re not paying close attention to your finances. Most banks charge between $25 and $45 per overdraft, and some banks will even hit you with an additional fee every day your account is overdrawn. If you don’t check your account daily, one ill-timed transaction could end up costing you hundreds of dollars. But set up an alert, and your bank will let you know when you’re in danger, so you can fix the problem before it starts.

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One Response

  1. Craig Maclean said...

    Great info!

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