If you’re looking for some quick ways to cut costs, here are some of my favourite tips:
1 – Phone your bank or credit card company – is there something you could be doing differently to save money there? Can you get your interest rate lowered? Worth the few minutes it takes to call.
2 – Call your phone company, cell phone provider, cable provider etc and see if there are any promotions you qualify for. If you don’t use it a lot, is there anything you can cut out? And if you rarely watch tv, can you switch over to Netflix or something similar for a huge discount?
3 – Eliminate one thing – can be an expensive coffee or lunch, or even things like grouping together your errands to save on gas.
4 – Do you find you spend too much on takeout? Make larger portions and freeze extra for busy nights, or make sure you have a few convenience meals tucked away in the freezer.
5 – Memberships…are there any you have that are up for renewal? Magazines, museums, gym, Costco etc. – If you’re not using it often, it’s not worth keeping. If you only go to the place once or twice a year it’s cheaper to see if there’s a coupon for it in the Entertainment book.
What are your quick tips for saving money? What’s the most you’ve saved by phoning a financial institution or phone provider etc?