It’s candy season, which means you have a good chance of stocking up on candy and planning a party costume for Halloween.
While you can focus on carving pumpkins or apples, it’s also a good idea to pay a little attention to your finances, especially as the expensive holiday season is approaching. The good news is that there are tips you can use to try and cut your spending without giving up the treats you enjoy. Here is what they are.
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1. Cancel unused subscriptions
Complacency can be costly. Many people sign up for streaming services, clubs, or gym memberships that they rarely use but don’t end up canceling either. These small fees for unused services add up and eat away at your available money without improving your life.
Take a look at your last few months of financial statements and look for recurring charges for services that don’t really justify their value. You might find that there are a few things you can undo that you won’t miss that will free up some extra space in your budget.
2. Shop for lower prices
If you regularly use certain products or services, it is worth comparing prices to see if you can get them for less.
For example, switching your cell phone or Internet service to another business can save you money. Or you may be able to switch auto insurance companies to lower premiums without compromising on quality.
You can also buy grocery flyers to see if there are any sales on any big-ticket items you need to buy, and then choose your store strategically. And before you buy bigger items, do some research online to see where you can get the lowest price.
3. Refinance expensive debt
Credit card bills and other loans can drastically reduce your budget. If you can cut monthly payments and lower interest charges, you can free up money for more fun things. The good news is that you may be able to do this by refinancing your debt.
A credit card balance transfer or personal loan could lower the interest rate you pay and could lower your monthly bills. If you can qualify for a lower rate, there is little reason not to refinance your debt. Just make sure you have a debt repayment plan and watch your spending so you don’t get into more debt.
4. Make full use of coupons
Finally, take advantage of coupons whenever you can. Before making a purchase, do a quick internet search to see if there is a coupon available. This applies to both online purchases and items you purchase in-store.
You can also get coupons for newspaper groceries, either by buying a Sunday newspaper and cutting them up yourself, or by purchasing them from online resale websites. It can help lower your grocery bill with just a little effort.
With these four tips, you should be able to reduce your expenses without having to make big sacrifices. And that’s a really good tip to try.