6 Simple Ways To Save Money Each Month
Saving money could be much easier for an average American than they think. The thing is, most of us just don’t pay attention to stuff we spend money on because spending money on certain things has become a routine.
This is easily fixable by simply doing an overview of your monthly spending: do you really need everything you’re spending money on? And how can a title loan help?
Here are 6 things you could cut down or outright cut out without drastically affecting your life – and you’d easily save $100 – if not more – each month.
1. Cut The Cable
Did you know that an average American household spends around $200 on cable each month?
Yet less and fewer people use cable the more time passes: subscription services and premium channels hold most of the content people are looking for today, while cable with its hundreds of channels is mostly used for evening news at best, and as background noise during dinner at worst. It’s just… there because it’s always been there and we believe it to be essential.
It’s not, and to make it worst, it’s expensive at that. Cut it already.
2. Cut The Subscriptions That You Don’t Use
Promotional periods are the bane of our existence. We sign up for a service because it’s free, or on sale, and then we just never cancel it. And if we don’t cancel it they just keep automatically taking our money.
Do you still have that HBO Premium you got three years ago specifically for Game of Thrones? When was the last time you used it?
Keep the subscription services you use regularly and cut the rest. You can always sign up for a month or two and cut it again if you find that new and interesting content has been added.
3. Cut The Gym Membership
If you’re an avid gym user then this is not for you – but most of us aren’t avid gym users. We just have it because we’re planning to go and become healthier.
We just never do. At least stop paying money for it.
4. Cut The Food Delivery, Takeout, And Coffee Budget
This is a classic and for a reason – most of the money you didn’t need to spend but spent anyway is usually for this category.
I don’t believe in depriving oneself, but one should know their limits. Getting a takeout and a Starbucks coffee once a week is fine, getting it every day or even every other day will suck your budget dry.
Allocate a certain amount of money to it and treat yourself every once in a while. But that’s it – it should be a treat, not the main menu for dinner.
5. Save The Change
It doesn’t matter if you’re paying in cash or with a card – if you pay for something, imagine you’re doing it with a bill of a certain amount and save the change – or deposit it in your savings account – if you’re paying with a card.
For example, you bought something worth 12.19? Imagine you paid 15 bucks in cash and deposit $2.81 in the savings account. It might not seem like a lot, but it will add up by the end of the month.
6. Keep Your Emergency Fund Well-Funded
It might seem like this is spending money, and not saving it – but trust me, a well-funded emergency fund can be if not a life-saver, at least a wallet-saver in the long run.
Emergencies can put you in a financial hole. And the longer you postpone dealing with the emergency, the worst it will get and the more money it will cost you.
Having an emergency fund saves you from additional expenses. In fact, even if you don’t have an emergency fund, I’d suggest getting money as fast as possible to deal with the emergency, so that it doesn’t get worse with time.
If you have a car, then a title loan could be a good option.
7. Get A Title Loan
Title loans are a quick and easy way to get emergency cash. These are loans that require you to use your vehicle’s title as collateral. You need to be at least 18, have a car title in your name that is lien-free, and a driver’s license or a valid government-issued ID.
Any one of our lenders at Carolina Title Loans, Inc. will accommodate pretty much any type of income, and will pay little attention to your credit score – so you can apply even if your credit is bad or outright non-existent.
How Do I Find Title Loans Near Me?
The easiest way to apply for a title loan is to go online to our website and fill out the form. A Carolina loan representative will contact you to go over the process, answer any questions, and let you know what you need to have. This is also where you can give the rep a location and they will come meet you; there is no reason why you have to come into the store to go through the process.
Whether at your preferred location or at a title cash near you, they will inspect your vehicle and your documents to determine if you qualify and for how much cash. This process takes on average 30 minutes. If you’re approved, you’ll receive the money on the next business day at the latest.
When you fix your spending, you’ll learn just how to save money each month and make things easier. With these tips, you can find that saving becomes much easier.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.