Here are a few quick ways to catch money-pits, or easily fixable wastes of your hard-earned income. Have one I forgot? Add in the comments below!
1.Cable. Why are you spending money on cable when you can get Netflix for $8/mo? Or hulu? Or utilize the magic of the interwebs? You shouldn’t be watching much TV anyways.
2. Phone apps. There are thousands of free apps that do the job — those dollars add up quickly. Save for a small handful of truly useful paid apps, most are a waste.
3. Credit Card Interest. This one’s harder to stop, if you cannot pay off your entire balance right away. Work on paying off debt via the snowball effect — pay off everything you can towards the credit card with the highest interest rate until done, then put that money towards the next highest, etc.
4. Eating out for lunch. When you make a sandwich at home, the costs are minimal compared to buying a $5-10 meal for lunch, even for fast food. Spend a few minutes each night or in the morning to gather a balanced lunch and you’ll save money and your waistline.
5. Utilities. Are all the lights on in your house, the TV blaring with the radio and the heat turned up very high (or the AC blasting with the windows open?) Take a look around your house and see what you can do to minimize utility usage, and shave off money each month.