Sometimes, looking at the long haul when it comes to savings can be overwhelming. Sure, you know that it’s a good idea to start saving money, but it just seems so hard to make a dent.
Perhaps before you take the dive into saving for your retirement, you can test your saving talent with a few easy ways to save a few dollars here and there.
Hopefully, it’ll get you excited to start to save even more for the future.
Fix Your Own Stuff
Your grandpa probably tells you how he used to fix everything around the house. Let’s face it, even if you’re pretty handy, it’s easy to have someone else fix things for you. Take some time, and even use YouTube to help you fix things that you would otherwise call someone else for. Of course, always call a professional for serious issues!
Be Serious About Your Credit Cards
Ask anyone who knows anything about saving and they’ll tell you that you’ll want to pay down your credit card debt before anything else most of the time. If you can start focusing in any extra money you can on that debt, you can help yourself in the long term.
Ditch the Car
Many of us are guilty of driving our cars to places we can walk to (depending on the weather). Why not start walking to a few more places nearby or use your bicycle if there is somewhere you’d like to go a bit further.
You’re not alone if you’re planning on going down this route. Millions of Americans have already cut cable, which usually means to get rid of cable television programming, but to keep internet service. Be careful, if you add on a lot of subscription services after cutting cable, you can still be paying as much as you were before!
Eat Before You Shop
There’s a lot of truth in the adage that you shouldn’t grocery shop hungry. If you eat before you head out, you’re probably going to shop a little bit smarter and with your head, instead of your stomach.
Pick a Week Every Month or Every Other Month to Live Cheap
While not everyone is able to do this, it’s almost fun to pick a week each month or every other month where you live as frugally as possible. No eating out. No extra purchases. You’ll live as though you had nothing extra. It’s a good way to get into that saving mindset.
If you’d like to get more serious about your savings, we’re always here to help!
Any opinions are those of the author and not necessarily those of RJA or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Investing involves risk and you may incur a profit or loss regardless of strategy selected. This is a hypothetical illustration and is not intended to reflect the actual performance of any particular security. Future performance cannot be guaranteed and investment yields will fluctuate with market conditions.