I love shopping, and it's painful for me to save money, but it's something that needs to be done. We've always taken steps to save money and whenever I look up ways to save money, we're already doing them:
* Lower your cable and internet plan
* Reevaluate your cell phone plan
* Unplug appliances when you're not using them
Here are 3 pieces of advice from BeFrugal.com founder Jon Lal:
- Get organized! Don’t wait for spring cleaning to get the cobwebs out of your financing. The New Year is a great time to reexamine your budget and see if you are saving all that you can. Look at your expenses and determine whether adjustments are needed.
- Use a tech tools to save money. Try tracking your spending with offerings like Mint.com, apps like Gas Buddy for cheap fuel and a shopping application from BeFrugal that magically powers every promo code entry box (at checkout), by turning the promo code box into a dropdown list of valid promo codes! As a new way to shop smarter in 2013, the BeFrugal Browser Add-On with CouponomaticTM helps automate savings. Save time and forget searching online for coupon codes because the future of couponing is here!
- After the holiday gift exchange with shopping bills coming in, get extra cash from unwanted gift cards. Simply use a legitimate website that buys and sells gift cards such as Cardpool. Before selling through Cardpool.com, first head over to coupons & cash back site BeFrugal.com and get money back on top of what you are selling the cards for. Rates can change today, but today you will get 4% Cash Back on sale of a Gift Card to Cardpool. Note that Cash Back is only available for the first $1000 in transactions from your Cardpool account (this includes all history in your Cardpool account)
There are many ways to save money, but you need to sit down and think about it. Look at your expenses, plan your meals a week in advance and look for additional income opportunities if you have a skill that's freelancable (word? haha).
Reducing expenses is one thing, but putting money into a savings account is another. Set up an automatic transfer on the 1st and 15th of each month (or bi-weekly depending on how often you get paid) and have a set amount from each check go into a savings account. We also have a certain amount of money go into our son's saving account, each pay period.
Give yourself an incentive to save money. During a 7 month deployment we said we wanted to put at least 10k in savings for a new vehicle down payment - we did it! I like having goals to work towards.
How do you save money? What motivates you to save money? What are some of your struggles?