You could be spending a lot of money unknowingly on unnecessary things, at least before reading this article. You can be forgiven for that. Here are the top 10 habits you can develop to start saving some extra dollars for other important projects.
- Carrying Packed Lunch to Work
How much do you spend on lunch on a daily basis? Onaverage, a meal can cost $10 which addsup to $2500 in a year. Making your own lunch can cost barely a half of this, enabling you to save a few more dollars in the process.
The idea of carrying packed lunch from home every day may not be appealing to you but it can be the perfect way to save some money in the long run. The estimated annual savings from this method is as much as $1200.Make a wise decision moving forward.
- ATM Fees
How often do you withdraw cash using the ATM? ATM fees are unavoidable when you are in desperate need of cash.However,they will add up if you are not wary of them.ATMs charge an average of $2.90 for out-of-work network customers for cash withdrawals and another $1.67 on top of it for using an unaffiliated machine.
Withdraw the exact amount you will need each week to prevent these transaction fees from adding up. You can save up to $50 annually using this method. Online Installment loans can be another option too. The loan is remitted directly to your account hence saving you from the high transaction fees in the case of ATM cards.
- Laundry Services
Did you know that doing your laundry alone can save you a lot ofmoney in a year? It is always tempting to hire someone for laundry services butit is now time to start reconsidering spending money on it because you can do it all alone and save extra cash in the process. If you do not own a machine, you are likely to spend up to $3 and wait at the Laundromat.
However, you will still save up to $7 because if you hire somebody, the approximate amount to be spent isat least $10 a week. The estimated annual savings is $450.Laundry services can consume lots of your funds unless you get reliable cash like the installment loans which are offered to qualified customers at a personalized payment schedule.
- Reconsider Your Cell Phone Plan
This is another way to save your money. Onaverage, cell-phone subscribers’ use just 64% of the minutes subscribed for. You can call your cell-phone Companyand request for an analysis of your usage. Buying fewer monthly minutes while getting unlimited evening and weekend minutes can work better than an expensive plan. Save more money by switching to the most suitable plan.
- Buying Coffee
Many Americans have admitted to spending a lot of money on coffee on several occasions. You could end up spending as much as $1100 on coffee annually. Have you ever considered making your own coffee at home? You can spend only $3 to $5 a week on this. Meanwhile, you can as well drink what is offered at work. Imagine saving as much as $275 yearly! Amazing? Try it out.
- Grocery Shopping
Create a grocery list and stick to it to save some money on your grocery bills. Stockpiling groceries is also another tip where you stock up when the groceries are on sale and skip one grocery shop in the subsequentmonths.
An ideal solution, in this case, can be the installment loans to enable you to stock up your grocery before the next purchase in the following months. Avoiding online grocery shoppingcan help you save some money too. Making orders using services such as Amazon Fresh or Fresh Direct will cost you a lot of money which can add up to about $400 a year.
- Too Much Insurance
You can review your insurance policy annually with a customer-service representative or your agent. Think about a higher deductible on any insurance policy. The best tip is to cover minor losses yourself because filing numerous small rates can raise your insurance rates. This will enable you to get a lower rate with a high deductible policy.
- Online Shipping Fees
Several sites such as Barnes and Noble, CircuitCity, Sony Music and Amazon provide free standard shipping on many orders of $25.You can pool purchases with close friends to qualify for these shipping offers. In this manner, you can save between $5 to $20 per order.
- Quality Used Cars
The quality of cars has increased in recent years and there is less risk in buying a used car. It makes sense now to buy a quality used car at the expense of a new one to save tens of thousands of dollars. You can get a good car which may still be under warranty. It is no longer a good idea getting any loan to buy a car unless it is reliable like the online installment loans.
A good quality car should last for 15 years without major repairs and you can imagine how much you can save within this whole period. Besides, if you own two cars, you can consider getting rid of one in order to save some funds. This is true given that the average vehicle owner spends about $9000 annually to own, maintain and insure the car.
- Phone and Internet Providers
You can consider a package deal from your local cable or Phone Company. A digital service is provided by the high-speedinternet, digital phone service, and a broadband internet connection for a lesser amount than when you pay separately. This can help you save a lot more dollars.
It is now obvious that some habits can take plenty of your finances. However, this cannot be the case if you have a good source of finance such as the installmentloans. These loans are offered to qualified customers and come with many benefits. Customers get access to larger loan amounts, personalized repayment schedules, and longer repayment periods. You too can try them out.
It is not easy to cut all the bad habits at once but you can start spending money on beneficial things like traveling or personal experiences. There are also plenty of ways to invest your cash and maintain financial stability. Take an action today to enable you to have a better future.