I want you to save lots and lots of money so you can achieve your financial goals!
Of all the ways I know to save money, there is only one real way you can save a lot of cash: don’t spend any of it.
Since not spending ANY money isn’t possible for most people, consider being a little frugal, a little creative, and do a little research before you shop. You’d be surprised how many different services, apps, and other products are out there that want to help you save money on the things you’re already paying for.
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1. Clip Coupons for Groceries and Other Stuff
There was a time when I’d spend hours and hours clipping paper coupons from the newspaper and those I printed from the Internet in order to save a few bucks. Instead of searching endlessly for hours, I use the Ibotta coupon app, which you can download for free.
2. Make Coffee at Home and Drink More Water
If you’re addicted to espresso beverages like we are, consider making your own at home with the Bialetti espresso maker instead of going out for coffee. You can save a ton of money and customize drinks to your preference. Also, water is free or cheap, so swap your daily soda for water!
3. Switch Your Cell Phone Service Provider
Before I made the switch to Ting Mobile, I had been on the fence about switching cell phone service providers, so I did hours and hours of research into mobile virtual network operators like Ting. Ting Mobile is still the best, low-cost service provider, so I’m sticking with ’em. See how much money you could save by switching to Ting Mobile. Plus, Ting lets you bring your own device AND they give you $25 for making the switch.
4. Refinance Student Loan Debt
Check out SoFi’s student loan refinancing program, something I wish I had known about years ago when we started on our journey to debt freedom. As of November 2017, fixed rates are as low as 3.35%, which is amazing. Some of my student loans had interest rates at 6.8%; I could have saved a lot of money with SoFi.
5. Clothes Shopping Ban
Consider not buying any clothes for awhile, unless you truly need a replacement item. Clothes shopping for fun adds up fast, so try mall walking — no spending required.
6. Refinance Mortgage Debt
If you have a mortgage on your home, you might be eligible for a better rate. Check with your bank or look at this list from Bankrate.