Let me ask you, if you had the choice or opportunity to cut out a few hundred dollars from your monthly budget wouldn’t you be significantly better off?
Honestly, I think you would…
Don’t get me wrong, we all have our small pleasures that we like to have, and many times we don’t look at how these small things or extracurricular activities can affect our overall financial picture.
You might me be thinking ok what might I be able to live without or cut back on to save a few dollars on my monthly budget. Well, I’m giving you a head start because here are free personal finance budget tips you can use to eliminate or cut back on. This tips will help you save hundreds or even thousands dollars per year.
Morning Breakfast/Coffee Habit: Do buy breakfast or coffee at Starbucks in the morning? If you do, you can start saving probably 3-5 a day by eliminating these things. Many we don’t think about because breakfast food is usually cheap compared lunch and dinner. So spending a few dollars in the money does look that bad. However, if you eliminated this habit you could save between $20-30 a week, and $80 to $120 a month.
AC/Heating System- Keeping your thermostat at medium temperature will save you money year round rather than changing the temperature everyday
Eliminate Your Gym/Fitness Membership: Look at how monthly fitness club membership and see how much you’re paying monthly. Are you going to the gym enough times to justify the cost? For example, A $50 a month gym membership costs you $600 a year. Being proactive, couldn’t you find much cheaper alternative or just cancel altogether and work at home. Exercising is necessary in your life, but saving money at time doing it is a win-win situation.
Cell Phone Extras: Are you paying for ringtones or new phone applications every month. Mobile companies are smart because they only charging you a few dollars a month for these perks and applications. If you have subscribe to two or more of these services you might spending a pretty penny when you add the total cost for the year. Do yourself a favor and use your phone for it’s intended purpose and that’s for talking.
If you would like more money management tips come to www.freepersonalfinance.org