Finding it hard to save money each month? Join the millions of individuals nationwide who have the same challenge.
A survey by Bankrate.com indicated that 27% of Americans do not have an emergency fund in place. Some people think they don’t make enough money while others aren’t willing to cut corners to save a few dollars.
Here are 7 simple tips to help you save up to $100 or more per month:
Getting an all-inclusive plan can help you avoid paying over $100 or more per month. Some cellphone providers offer plans starting at only $40 per month that include unlimited talk, text and Internet.
Monthly savings: $60
Cash-back at the register
Each time you use your debit card at an out-of-network ATM, you’re probably accumulating a surcharge. The national acerage for this fee is $2.60. Make six withdrawals and you’ve just accumulated $15.60. Next time you are out shopping select the cash-back option.
Monthly savings: $15.60.
Give yourself a mani and pedi
Manicure and pedicure combos cost anywhere from $25 to $30. It’s nice to sit back and relax but it can add up really quickly. Scaling back the number of visits per month and conducting and online search for ways to do it yourself can quickly save you some money.
Monthly savings: $25 to $30.
Have a girls/guys night in
As much as we all enjoy a break from time to time, a night out on the town can get costly. Even if you find late-night special, you will still rack up a nice bill once you finish tacking on drinks and tips. Avoiding this expense by having everyone brining a dish and renting a movie can save you some extra cash.
Monthly savings: $18.
Reconsidering your gym membership
Even if your gym membership has a low monthly rate, don’t forget about your local parks, recreation centers or the great outdoors. Not only will you save money but you will meet new friends and have the freedom to constantly change your workouts.
Monthly savings: $10 or more per month.
Pack your lunch
It’s nice to get out of the office every now and then but if you spend an average of $10 a day on lunch that cost can quickly accumulate. Packing your lunch at least twice a week will results in a substantial amount of savings over time.
Monthly savings: $80.
Avoid cable television
We all know that cable can be very costly and there are cheaper alternatives. Instead of spending over $100 on the cable bill alone consider online streaming alternatives. Many of television networks also offer streaming on their websites – Don’t worry you won’t miss your favorite shows.
Monthly savings: $50 or more.
Bottom line: it’s not how much you make, but how you spend it. How have you found creative ways to spend your money? Leave us a comment below or on Facebook (click here)!