OK maybe you won’t be living like a rock star but it’s a start…
For many people in the United States, trying to save money is a difficult task. With a range of household bills to deal with coupled with accommodation costs, food, travel costs, and other essential expenses, there is little leeway for those who are keen to save some money. However, without any savings put aside people often find themselves in difficult situations in the event of a financial emergency such as unexpected bills and repairs.
However, officials have said that there are ways in which people can boost their chances of being able to save money even if they feel that there is little or no flexibility in their budget to make savings. One expert said that there were various little methods that could help households to save more money each month and that even putting aside small amounts of money could prove invaluable as they can quickly add up.
Some of the methods to consider
According to one recent report, there are a number of simple and effective ways in which households can save small amounts of money. One of the methods was to try and save just 50 cents per day in a jar or bottle – leftover change from making a purchase for example. By doing this for one year, a person can save $180 dollars, which is a nice little addition to any savings account and in many cases the person doesn’t miss 50 cents per day.
Another recommended course of action is for people to stop wasting money on cans of soda, drinks from coffee shops, and shop bought lunches when going to work. Instead, take a packed lunch and a bottle of water that can be refilled at home or work. This can save the average person a small fortune each week and also means that you can be healthier as you know exactly what is going into your sandwiches and meals.
One thing that many experts recommend to those who need to start saving some money is to look at how much they are paying out on things such as insurance coverage, utilities, and other regular monthly costs. In many cases, people end up paying way over the odds when they could get a better deal elsewhere. Using comparison sites makes it easy for those who want to switch to better deals and this could equate to significant savings each month for those who are paying more than they need to.