And one of the easiest ways to add to your nest-egg is to simply cut expenses and save more of your hard earned money.
We often forget some of the golden rules to saving that our parents taught us. Here’s a quick list of things you can do to save on bills in 2019. No matter your circumstance, there’s something here that everyone can use like cutting down your mortgage bill, save on utilities, get more for your money at the grocery store, and even get samples of popular products.
This might make some people upset to hear, but it’s time to quit smoking. Not only is it hazardous to your health, but it’s costing you and your family a fortune. Smoking one pack per day costs over $2,000 per year!
There are plenty of techniques to quit smoking, but it all comes down to your dedication to cut the habit. Come up with a plan and have family and friends keep you accountable!
New lighting technology has really come a long ways. Now although they do cost more than traditional incandescent bulbs, CFL and LED bulbs can last for years without having to replace them. You don’t even need to replace every bulb in the house at once. Even swapping just your four or five most-used light bulbs can save you $45 or more a year!
CFL vs. LED
CFLs, which use a quarter of the energy of incandescent bulbs and last for years, are the next cheapest option after traditional bulbs. But they also have some drawbacks: They take a while to warm up to full brightness, and they also contain a small amount of mercury.
Meanwhile, LEDs are more expensive. However, they’re getting cheaper all the time, and they are easily the best lighting option available: They light up instantly, are efficient as CFLs, produce a warm glow without getting hot to the touch, and can last for decades.
It’s easier than ever to rack up monthly subscription bills since many products and services nowadays offer monthly plans. But the problem with those is that you sign up and forget. Or you get “cancel remorse” and keep subscriptions that you really don’t use.
Go through your bank and credit card statements and review your subscriptions immediately!
You ever go to the grocery store when you’re hungry and find yourself checking out with way more than you intended? We call this “Hunger Shopping” and it’s quite dangerous to your wallet!
Before going to get groceries, make a list of groceries that you need for the upcoming week. That way, you only buy what you’re intending to use and the amount that will get thrown away from being expired is kept to a minimal.
One of the easiest things you can do to instantly start saving money is to buy in bulk! Retailers often give a MUCH better deal on products such as paper towel, toilet paper, detergent, etc if you buy in bulk.
This might seem like an obvious one, but we often forget how much money we waste by not buying in bulk.
Eating out often can be expensive. But going out to eat for a date night every now and then is totally fine and can be done on the cheap if you choose your restaurants wisely!
Consider these special deals when picking where to go:
Chili’s Three for Me $10 Meals
Choose an appetizer, entree AND desert for just $10
Outback Steakhouse’s Waslkabout Wednesdays for $9.99
Choose steak or chicken with fries AND a drink for just $9.99
Applebee’s 2 for $20
Choose between two salads (or one appetizer) as well as two main meals with sides for just $20
Olive Garden’s Unlimited Soup, Salad, and Breadsticks
Choose between ANY entree at Olive Garden and get unlimited soup, salad and breadsticks. Or you could just do the $6.99 option of unlimited Soup/Salad and Breadsticks.
Banks Don’t Want Homeowners Knowing This
Still unknown to many is a brilliant Government Program called the Freddie Mac Enhanced Relief Refinance Program (FMERR) that could benefit millions of Americans and reduce their payments by as much as $3,000 per year! You could bet the banks aren’t too thrilled about losing all that profit and might secretly hope homeowners don’t find out before time runs out.
So while the banks happily wait for this program to end, the Government is making a final push and urging homeowners to take advantage. This program is currently active but could be shut down at any given time in 2019. But the good news is that once you’re in, you’re in. If lowering your payments, paying off your mortgage faster, and even taking some cash out would help you, it’s vital you act now and see if you could qualify for FMERR or a better rate in today’s marketplace.