Budgeting Magic: 5 Simple Principles to Save Cash Monthly

Saturday, February 11, 2017, AM | Leave Comment

If you feel like there is never enough money to do what you want in life, you are not alone.

The good news is that there are many easy ways to tweak your budget and reduce your monthly expenses.

Let’s look at some specific ways to cut costs and save more every month.

Budgeting Magic

  1. Pay Down Credit Card Debt

    One of the biggest expenses that you will deal with is credit card interest. By reducing your outstanding balance, you can reduce the amount of interest paid each month.

    Ideally, you will pay off the entire balance at the end of each billing cycle, which will allow you to pay no interest at all.

  2. Start Eating at Home

    A box of pasta, a can of tuna fish and a dozen eggs can be purchased at the grocery store for less than $5 in some areas. For that price, you can make many different meals that will feed your family for days at a time.

    In some cases, you may pay less per meal buying food at the store than you do tipping the pizza delivery driver.

  3. Regular Maintenance

    Scheduling a regular air conditioning service appointment can keep your unit functioning at peak levels. This may make it easier to save money on your monthly cooling bills during the summer.

    Some companies, like A-1 American Services, know that if you have a central heating and cooling unit, proper maintenance can help you save money in the fall and winter as well.

  4. Carpool to Work

    Carpooling to work allows you to get away with putting less gas in your car. Even if you save just half a tank of gas per week carpooling, that could be the equivalent of $80 to $100 a month.

    It will also reduce wear and tear on the vehicle, which could reduce long-term maintenance costs.

  5. Get Rid of Useless Memberships

    Do you have a membership at a gym that you never go to or a subscription for a magazine that you don’t read anymore? If that sounds like you, it may be a good idea to cancel and save yourself $10 to $50 a month.

No one wants to pay more than necessary for the things that they want and need. By eating at home as opposed to going out, properly maintaining your home and car and paying down credit card debt, you can save money without changing your lifestyle.

Author BIO

Rachelle Wilber is a freelance writer living in the San Diego, California area. She graduated from San Diego State University with her Bachelor’s Degree in Journalism and Media Studies. She tries to find an interest in all topics and themes, which prompts her writing. When she isn’t on her porch writing in the sun, you can find her shopping, at the beach, or at the gym. Follow her on twitter and Facebook.

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