D' Finance Bench

The Right Place To Sit At For Financial Advises

Cut Back on Spending

At first it may seem difficult to limit spending and stick to a budget, however there are a few practical changes that you can make everyday that will cut your spending more than you expect.

Firstly, alter credit car behavior. Start to pay cash whenever possible. This will help you avoid making a purchase unless you actually have the money available. If you decide to make a credit card purchase, be prepared to pay the balance off monthly. This will save a lot of money through avoiding interest charges. If you already have a credit card balance, then transfer to a card with a low interest rate. Also, find a card that does not charge an annual fee.

Another tip is to pack your lunch everyday. All of those lunch hours spent at restaurants will add up. Bringing your own lunch can save you several dollars every day, which will add up over time.

Use your cell phone during off peak hours. Some people will spend a couple hundred dollars a month on phone charges. Avoid this by making most calls during off peak times. Check with your service and plan to find out when you have cheaper or unlimited calls.

Stop throwing away the Sunday newspaper before skimming through the advertisements. Clip some of those coupons and check out the sales. This may seem tedious, but the savings are often worth it. Many stores will double or triple the amount of the coupon. This technique can save you up to 20 or 30 dollars each time you head to the food store.

Additionally, refinance. Mortgage rates have been extremely low over the past year. This has been a great opportunity to reduce the monthly house payment significantly. If you are planning to have your house paid off prior to retirement, then you may want to factor this in before refinancing.

Finally, bundle your insurance. Many insurance companies will offer their customers lower rates if they purchase multiple policies. For instance, some people use the same agent for multiple cars, and others combine their cars and house. Always keep in mind that a dollar here and there really begins to add up. Avoid the temptation of thinking that changing your spending habits wouldn’t save that much money.

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September 25, 2012 - Posted by | Budgeting | , , , , , ,

7 Comments »

  1. […] a family budget vision. Talk to your spouse and children about whatever budgetary constraints you are facing, or whatever financial goals you intend to set. By being completely honest about the […]

    Pingback by We are Family: Budget Tips for Today’s Familial Ties « D' Finance Bench | September 26, 2012 | Reply

  2. […] gimmicks with friends on a Friday night is fine if you do it once in a while. But this can be expensive if you add them up at the end of the month. […]

    Pingback by A Frugal Lifestyle « D' Finance Bench | September 26, 2012 | Reply

  3. Not only is packing your lunch cheaper, it’s probably healthier too! Every time I go to a restaurant I know I am putting in hundreds of calories more than if I ate at home or something I prepared myself.

    Comment by Birgit Nazarian | September 27, 2012 | Reply

  4. […] up to a few more dollars. When you cut back in a lot of small ways, you could end up with a lot more money at the end of the […]

    Pingback by Every Little Bit of Savings Adds Up « D' Finance Bench | September 29, 2012 | Reply

  5. […] database sheets of your own. Make a system that works for you and will help you keep track of your monthly budgeting progress. Spread The Knowledge: Pin […]

    Pingback by A Little Goes a Long Way: Smart Secrets to Budgeting « D' Finance Bench | September 29, 2012 | Reply

  6. very true

    Comment by Jixi Fox | October 4, 2012 | Reply


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