Four Little Known Places to Save CashHello, Dinks. The weather is warming up in most places. It’s one of the best things about spring. For whatever the reason, some people spend more money when it’s warmer. Whether you’re going out with your significant other or buying a couple of spring outfits, you should ask yourself a question. Do you have enough money to pay for this? If you don’t, there are a few places that you can look to help you save. Instead of side hustling, what if you could save money by cutting costs in places that you don’t expect.  Below are four ways that will help you save money.

Consider other energy and water companies

In most areas, there are one of two main energy companies. They are usually the main ones that are being promoted to the residents. That doesn’t mean that they have the best or cheapest service.  You just have to do a little research. Changing your power companies shouldn’t be difficult because of anti-monopoly laws. If you find a cheaper company with a good reputation to go with, making the switch can be as easy as making a quick phone call.

I’m stuck with both of my companies, but it’s not a problem to me. My light bill averages $50 for a month. Water is included in my rent. You truly can’t beat that deal.

Save money on drinks

Do you drink coffee? Do you purchase it each day? If you said yes to both of those questions, I want you to pay close attention to this cash saving idea. Instead of spending $3 -$4 on Starbucks each day, you should make your own. Your coffee will cost you about $0.50 per cup instead. You may have to get up 10 minutes earlier, but who cares? You’re saving money. If you drink soda a lot, don’t purchase bottles from the vending machine. They add up. Instead, buy your soda in bulk from a store such as Kroger, Walmart or Publix. This can cut your costs by a half or more.

Purchase generic products

Is “General Mills” better than ‘Cornflakes”? Is “Kleenex” better than “generic tissue”? Is “Crest” better than regular toothpaste? When it comes to some items, you can easily tell the difference. With others, there isn’t a difference. It’s just the packaging. Instead of buying name brand products, you can save your money and buy the generic brands. In the past, I’ve purchased generic cereal, pop tarts, and hamburger helper. I didn’t notice a difference. The products were just as good to me. If you make buying generic products a habit, you can easily save a couple of hundred or more bucks each month. You could do whatever you want to with that extra money.

Shop once a week

Many people make two or three trips to the grocery store each week. There’s no reason for you to do that. Cut those trips down to one outing; You can do it. You just have to switch some things up.

You and your significant other should have a shopping list. It should be posted on the fridge so that you can add anything that you need from the store to it. Shopping lists make a big difference. They will keep you from buying unnecessary things. Once a week, buy everything that is on the list.

Your shopping list also saves time. You aren’t just walking down the aisles wondering if you need something or not. Your list is a guide for you. Follow it so that you can be in and out of the store in no time.

 

Disease Called Debt

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Avatar photo About Jason Butler

Jason Butler is an Atlanta native, as well as businessman, blogger and teacher. Not only is Jason a prolific flipper, marketer, writer and side hustler his number of years in higher education and student support have given him expert knowledge in understanding the economics of the student loan industry.

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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