GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’ve got the option to read more about oureditorial guidelinesand our products and servicesreview methodology.
But its hard to imagine the actual benefits until you start doing it yourself.
You could save anywhere from $20 to $50 a month.
According toC+R Research, consumers estimated that they spend around $86 a month on their monthly subscriptions.
If youre actively using certain subscriptions, you could of course keep them.
To save money, look for ways to optimize your energy usage.
One option is to get a smart thermostat.
Hall estimated that you could save anywhere from $30 to $100 a month by doing this.
Brew your coffee instead of buying it daily, Hall said.
you could be looking at hundreds of dollars amonth or more.
Shop around for better rates oncar, home and health insurance, Hall said.
Bundle policies where possible to get discounts.
Consolidate high-interest debts or transfer balances to lower-interest credit cards, Hall said.
Make extra payments to reduce the principal faster.
You could save around $50 to $150 a month this way.
Be sure to do your research and compare your options before choosing this method.
find out if youre on the best plan for your usage, Hall said.
Downgrade or switch to a more affordable provider if needed.
Even if you save only $20 to $50 a month, that adds up.
Cash-back apps like Ibotta automatically give you cash back on groceries atcertain major retailers.
This could save you $10 to $30 a month.
Hall suggested implementing a 24-hour rule whenever you shop.
If you still want it, then it’s possible for you to go back and buy it.
In a year, thats $5,160 to $9,960 in savings.
More From GOBankingRates
Share This Article:
