You can save thousands per year by cutting out some expenses you may not even care about. PennyGem’s Elizabeth Keatinge has more.
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00:00You've always wanted to make those chicken lettuce cups and wow your family, right?
00:08Well, cooking at home could save you thousands.
00:11According to Money Talks News, the average household spends $3,434 a year on dining out.
00:17There's also some other expenses you may be able to cut out and kick up your savings.
00:21The pandemic has brought out the best in at-home workouts, right?
00:25Ditch your gym membership and you could save an average of $696 per year.
00:30U.S. News & World Report suggests paying off credit card balances.
00:34You essentially are overpaying for all your purchases when you let balances accumulate.
00:39A monthly cable bill can really have your wallet taking a hit.
00:42To the tune of $100 a month.
00:44Can you live with streaming services?
00:46You may be able to cut down on this bill.
00:48Debt.org also recommends doing a good review of your subscriptions.
00:52You may have monthly subscriptions to services you aren't even using, like apps or memberships.
00:57Most importantly, have a plan.
00:59Write down your financial goals and track your spending.
01:01Seeing what you spend on paper could really be an eye opener.