Cheap and Cheerful: Easy Ways to Reduce Your Cost of Living

 

ways to save money

 

 

Money is the leading cause for stress in the US.  Approximately, 30% of adults report significant financial stress. Additionally, stress can easily creep up on you, especially if you’re raising a family.  Fortunately, there are some obvious ways to save some money.  For example, buying simple, healthy snacks for your kids over pricey store-bought packaged ones.  Have you seen the price of hummus?  Here are additional way to reduce your cost of living:

Manage Credit Cards

Lines of credit are useful.  Especially, in times of financial difficulty.  However, it can be easy to lean on them a bit too much.  Doing so, could end up costing you more than it has to.  Many companies offer a helpful perk of transferring your balance from your current card to theirs.  Additionally, some offer no interest or lower interests for a few months, so it’s worth looking into. The window of time without payments  and/or added interest could be very beneficial in helping you catch up on bills.  You can even use the extra money that you’ve saved  for a rainy day or emergency fund.

 

ways to save money

 

Cut Extra Services

Many membership based services lure people in with a free service for a certain amount of time or another appealing offer.  After the trial window, you might find yourself paying money each month to a service you don’t really use.  If it’s something that legitimately benefits your family, then by all means take advantage of it.  On the other hand, if it’s costing you even a small amount of money each month, and you won’t really miss it, cut the proverbial cord.  What you will save can help reduce your cost of living, versus rationalizing it as inexpensive fee each month.

Save When You Can

Another way to reduce your cost of living is to set aside 10% of your net pay.  The following year you’ll be able to start buying food or even services in bulk. This will cut down on your grocery bill.  You can get a better price on the cost per roll for toilet paper by buying it in a bulk package.  Even phone service providers are now offering a cheaper price per month, if you buy several months at once.  Unfortunately, the problem is that it costs more up front.  Oftentimes, people just can’t afford that initial upfront cost. By making a few cuts, you may be able to afford it the following year.

Finances can be stressful, but with a bit of strategy to reduce your cost living, the stress-relief alone is well worth it.

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