It is springtime in the Las Vegas Valley, and that means it is time to do some spring cleaning in and around your home. But, when was the last time you did a little spring cleaning on your finances?
So many Americans are finding it more and more difficult to make ends meet these days. Inflation is sky high, interest rates are up, the dollar just doesn’t seem to go as far as it used to. Many people start running up big credit card debt in order to survive, and that debt becomes overwhelming. Before you know it, you are considering filing for bankruptcy and starting over.
Don’t let yourself get caught up in that kind of a financial nightmare. There are ways you can save money each month, and each year, without having to drastically change your lifestyle. You may have to set a budget and stick to it, but that kind of discipline will lead to a much happier and financially stable life.
According to an article written by Kirsten Joyce on 8NewsNow.com, our nation’s consumers ran up over 180 billion dollars in credit card debt last year! That is a record amount for a single year in the United States. Her article also reports that 73% of Americans say that they “are living paycheck to paycheck” and they cite the major reason being high inflation.
Whether you currently find yourself in a financial predicament at this time, or not, here are five easy ways you can review your monthly bills, subscriptions, and other services, and look for ways to save money.
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Larry Martino is the long-time Afternoon Drive personality on 96.3 KKLZ. The views and opinions expressed in this blog are those of Larry Martino and not necessarily those of Beasley Media Group, LLC.
1) Use A Budgeting App
There are many apps to choose from nowadays which can really help you set a budget for the specific amount of income you receive. Follow the budget, and you’ll stop ringing up so much credit card debt. It might be difficult to train yourself to stick to a budget, but it will really help your financial situation in the long run.
2) Use A Cheaper Cell Phone Data Plan
Are you using all of that “unlimited” data on your cell phone plan? If you are using it, do you really need to do so? If you can get away with using a limited data plan on your mobile phone, you can save a lot of money on your monthly bill.
3) Review Subscriptions And Memberships
This is a biggie for many of us. You sign up for a service because you get to use it for free for seven or fourteen days, and then you are auto-enrolled. However, you forget to cancel it so each year on the anniversary date, you get charged another annual fee. If you are not going to use that service anymore after you’ve tried it out during the trial period, be sure you officially cancel it to avoid further charges.
4) Make Use Of Those Free Perks
If you are a AAA member or AARP member, be sure to use those discounts they offer to keep busy in an inexpensive way. Did you know there is no age restriction to join AARP? Many young adults in the 20s and 30s are willing to pay about $12 annually in order to be able to take advantage of all the free offers. You should too!
5) Review Your Energy Bill Monthly
Review your energy bill each month and search for ways you can save money by unplugging unused gadgets, running the dishwasher, washing machine and clothes dryer in off-peak hours, and even adjusting your thermostat by a degree or two. Those saved dollars really do add up over time.
