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Are youtrying to save money?
Where do you start?
Do you really have to skip your morning latte?
These are all questions that might be running through your head.
Below, GoBankingRates shares Rachel Cruzes top tips for saving money.
Create a Budget
One of the top strategies Cruze recommends iscreating a budget.
Cruze recommendedsetting up a monthly budget.
This allows you to look ahead at what expenses you have coming up to properly plan.
Consider cooking at home to save money.
Similarly, consider packing a lunch for work each day to avoid the temptation of getting takeout.
Cancel Cable
With dozens of streaming services on the market, cable is no longer necessary.
Cruze suggested eliminating cable and using a low-cost streaming service.
Platforms like Netflix, Hulu and Amazon Prime have many offerings, including live TV and more.
Why pay $100 per month for cable when you could pay less than $20?
Consider Seasons
Seasonal purchases are also an important consideration.
For example,fruits and vegetablesout of season can cost nearly double.
Do you really need that watermelon?
Instead of purchasing groceries out of season, try cooking according to the seasons.
Check Your Insurance Coverage
Insurance isnt a set-it-and-forget-it expense.
In fact, regularly reviewing your insurance is a top money-saving tip, according to Cruze.
sign in to each of your autopay accounts and look at your policies.
Is it time to search for anew insurance carrier?
Do you not have the right punch in of coverage?
Without regularly reviewing your insurance, you could be overspending on your policies.
Theres no one-size-fits-all approach when it comes to saving money.
Take the time to evaluate your financial situation to see where it’s crucial that you make changes.
Dont be afraid to adjust your money-saving strategies regularly.
Saving money and improving your financial situation takes a consistent effort.
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