• 10 months ago
Here are some practical ways to save money all year long.
Transcript
00:00 (upbeat music)
00:02 How to pocket more of your income?
00:05 For starters, get a handle on your expenses.
00:08 Keep track by category, use an app, write it down,
00:11 create an online spreadsheet, whatever works for you
00:14 to make sure your expenses don't exceed your income.
00:17 Next, pay yourself first.
00:19 Automatically transfer a portion,
00:20 at least 10% of your paycheck into savings each pay period
00:24 so you don't touch it.
00:25 Cancel unused subscriptions.
00:27 Get rid of membership services you rarely
00:29 or no longer use.
00:31 If you sign up for a free trial
00:32 that requires an automatic subscription,
00:34 set a reminder to cancel before it ends.
00:38 Bundle services such as auto and home insurance,
00:41 cable, internet, and phone providers
00:43 to save big bucks each month.
00:45 And consider getting rid of that landline you never use.
00:48 Before you hit the supermarket,
00:49 make a list of what you need to avoid impulse buys.
00:52 And by all means, don't go shopping on an empty stomach
00:55 or you'll definitely buy things you don't need.
00:58 Save big bucks by swapping expensive brand names
01:01 with store brands, which typically cost at least 20% less.
01:06 Hit thrift stores, consignment shops,
01:08 flea markets, yard or estate sales.
01:10 It's a great way to find a deal
01:12 or a rare one of a kind treasure.
01:14 Try a staycation.
01:15 The average cost of a one week vacation in the US
01:18 for one person alone is almost $1,600.
01:22 So try buying a day pass at a local hotel with a pool
01:25 or experience your own town as a tourist.
01:28 (upbeat music)

Recommended