It’s still early in the New Year. Hopefully, everyone has been working on their finances this year. If you’re still struggling with saving money, I have a few things that you can do to become more frugal. These are tips that anyone can do.
Cut your cable
Cutting cable is one of the easiest ways to help you become frugal. A lot of cable bills are over $100 per month. That is too much money to be paying for it. More people are cutting the cord each month as cheaper alternatives continue to present themselves. There are options like Netflix and Hulu. You can also stream sports online as well
Buy store brands
How many of you all have been to Walmart and seen the Great Value brand before? If no, it’s the Walmart brand. They sell a lot of different Great Value products. From my experiences, store brands are just as good as regular brands. Depending on what the item was I couldn’t even taste the difference. Store brands are also cheaper than the name brands too.
Go out less
By going out less, you can save a couple of hundred dollars each month. There are several things that you have to pay for when going out such as food, drinks, and parking. If you go out three times a week and spend $30 each time, that’s $90 a week and $360 per month. If you stop going out, you could save that extra $360 each month. Imagine what you could do with that extra money.
Using coupons is a very popular thing to do if you’re frugal. There are coupons for almost every item out there these days. It doesn’t make sense to pay full price for things anymore. There are several places where you can get coupons from such as the newspaper or online.
It’s no secret that cooking is cheaper than going out. One way to become more frugal is to make your lunch and bring it to work with you every day. This is a practice that I’ve been doing for the last few years. I can say that I’ve saved at least a couple hundred dollars by doing this.
Work out at home
Canceling the gym membership and working out at home is another way to become more frugal. Gym memberships can be expensive. If you’re not going to the gym at least twice a week that membership could be considered a waste. You should cancel it and exercise at home. Working out at home can be very easy. You can grab some weights and a small mat from your local thrift store and start a workout plan. If weights aren’t your thing, you can look at hundreds of workout videos on YouTube.
The final thing on my list is to purchase a used car. New cars depreciate by a few hundred dollars once you leave the car lot. A good used car can be just as good as a new one. It is also much cheaper. Just make sure that you don’t by a lemon. That could cost you more money in the long run.