We’re all subject to a quick-fix mentality from time to time. Some months are harder than others when it comes to our budgets, and we scope around for any solution that we can implement fast. Here are some quick fix suggestions from Savings Advice. While they shouldn’t replace long-term saving strategies, they certainly won’t hurt.
Get minimalist. Anything you don’t really need, consider whether you can sell it. A garage sale is one option, eBay another. Keep the things you really love or need, and lose the rest. Clean living goes a long way to a clean mind, and that’s a bonus when it comes to saving money.
If you have items still in the box, I’m willing to lay down a bet you don’t really need it. Dresses with their tags still on them, kitchen accessories untouched. Take them all back and enjoy your improved credit card total.
Cancel, Cancel, Cancel
There are some memberships I couldn’t live without. Others I have merely because I am too lazy to cancel them or haven’t really thought about whether they are such a necessity to my existence. Before your next month’s budget spirals out of control, cancel everything you don’t need. Life is so much easier when you don’t have a bill to be paid every couple of days.
Ask For Lower Interest Rates
Call your credit card company and ask them for a lower interest rate. The worst that could happen would be they say no, and if you’re a good customer, they might just say yes. Every little bit can be a huge bonus, and any money that stays in your pocket as opposed to the credit card companies coffers is a big win as far as I am concerned.
Turn It Off
If you need some extra financial fat for your budget, get mean about your utilities, even if only until things loosen up. Three minute showers, no heaters on if rooms are unoccupied. Don’t use a dryer for your clothes and make sure your washing machine is full before you put on a load.Wear a sweater instead of turning up the thermostat.
Don’t Buy Snacks
Go for a week only drinking coffee at home. Or banning yourself from buying any form of food at the train station. A bit of stringency on the tiny purchases that add up to an unbalanced budget could be the change you need in getting your savings back on track.
Cancel Your Landline
At the very least, it’s thirty dollars a month you will be saving. At the most, you could save a couple of hundred bucks. Which is the difference you need when it comes to the monthly budget.
Don’t Drink Or Smoke
Even if only for a month. You’ll feel better, but you will be amazed about how much spare cash you have on hand. Put the money towards your savings and debt repayment. You might even cut down permanently when you see the positive effect it has on your finances.