So you’re not really the coupon-clipping type, and you want to save on your card credit rate. That’s not a problem. These days everyone is looking for ways to save money. If you’re using one of the top ten credit cards, you’re already saving money on interest. We’ll show you some other ways to save that you may not have thought of.
- Stop watching TV. We know, in our culture, this advice is almost blasphemous. Yet there are good financial reasons to reduce or eliminate your couch potato habit.
- Never buy something the first time you see it. If you didn’t have to have it before you knew it existed, chances are, you don’t really need it. Most people do a lot of research before making major purchases. Don’t even minor purchases deserve at least some thought?
- Eliminate impulse buying. How many times have you gone to the store for milk and toothpaste, and come out with milk, toothpaste, a magazine, a soda, and a three-pack of chewing gum? You probably doubled your expense with these three little items that seem so harmless.
- Always grocery shop with a list, and don’t buy anything that’s either not on the list, or that you simply forgot to write down. Americans throw out tons of food each month, much of which could be attributed to overbuying, and all of which represents needless expense to consumers.
- Reduce your reliance on fast food and cook at home more often. You’ll find the leftovers work just as well as fast food for quick meals at home, and they’ll be much healthier to boot.
- Invite friends over instead of going out. Simple, informal gatherings are often more fun than expensive nights on the town anyway.
- Request a card credit rate reduction on existing credit cards and loans. If you tell them you’re in a world of financial hurt, they may be willing to work with you.
- Use the best reward credit cards. Reward credit cards give back, every time you use them. Just make sure to pay off that balance each month.
We’re sure there are countless other ways to save on the little things that add up so quickly. The best tip we can offer is to track your spending. Monitor your credit card and debit card receipts to see where your money is going, then get creative when you think about all the ways you could save.