Interested in saving more money in 2020? Whether its to help you buy a more reliable car, or pay off some debts to improve bad credit, you’re definitely going to want to take a look below at our top 10 best money saving tips for 2020!
Create A Budget
Budgets are timeless, which means if you don’t already have one you are missing out on one of the best ways to save. Just remember you actually need to stick to the budget you make, otherwise it won’t do much good.
Meal planning is amazing for those who want to save money. All you have to do is set aside one day to think about what you want to cook for the whole week, and what you will need. Shop only for those items. Get everything cooked and set aside in portioned containers, and BOOM! You don’t even have to cook for the rest of the week, plus it’s healthier than take-out! Bonus Tip: Save even more by reducing how much meat you buy and filling your meals with more fresh, affordable, filling veggies instead!
Cut Out Non-Essentials
If you’re serious about saving more money, one of the best tips you can follow is to eliminate all non-essentials from your life. That means cigarettes, alcohol, eating out, delivery services, rideshare services, and anything else that you can live without.
Get Rid Of Subscriptions & Supplementary Services
While cutting out all non-essentials, you can also take a look at your online life and get rid of any subscriptions or supplementary services in the virtual world that cost you monthly as well. This could be money you spend on apps, goodie boxes, clothing subscriptions, and more. While it may not seem like a lot to spend $5 here or there, it does add up – and it could cost you hundreds or more per year.
Paying too much for your residence or vehicle? Downsizing might be the answer you’re looking for. Of course, it may not be the solution you want to hear, getting a smaller place or a cheaper vehicle to save more money doesn’t have to be permanent. The more you save, the closer you’ll be to reaching your goals and living the life you desire; it just takes patience!
Get Some Support
If you’re desperate to save money, trying to go at it alone can be downright discouraging, so don’t be afraid to reach out for support. You can have an accountability buddy who helps you stick to your guns when your fingers feel the urge to spend. Or, if you can find others who are likeminded, you can find ways to split your finances, whether that means carpooling, sharing meals, or moving in together as roommates to cut down on your total cost of living!
Don’t Spend Unexpected Income
While getting unexpected cash always feels like a blessing, and you likely almost always spend it right away, this is the worst thing you can do if you’re trying to save. Instead, always treat unexpected cash as if you had never gotten it. Immediately put it away in your savings and just forget about it!
Automate Your Outgoing Expenses & Use More Cash
Tired of trying to remember which bills you’ve already paid, and what’s what? Sign up for automatic payments! This will not only ensure you never have to worry about forgetting to pay anything again, in many cases there are actually monetary incentives for enrolling in automatic payments! Also, to make sure you don’t overspend and throw off your payment schedule, force yourself to use cash for all in-person spending. It will keep you more aware of your expenditures and help you stick to your budget!
Reduce, Reuse, & Recycle
While most people today have grown up in a “throw away” culture, you’d be surprised how much you can save by just reducing, reusing, and recycling your items. From using old kitchen scraps to grow a vegetable garden, to patching up old clothes yourself, there are infinite ways to be more cost-effective in your day-to-day life, as well as more environmentally conscious!
Just Say “No”
If you need and are trying to save money, being around people who are frivolous with theirs can be hard. Don’t let it get to you though, just stick to your principles. If you have to go home to make dinner, but your friends are trying to convince you to go out for drinks and eat something out instead, as hard as it might be, just say no! Or at the very least come up with an alternative plan that helps you save money without missing out on time with those you love.
If you are looking for the best in auto financing, no matter what your current credit situation is, choose Suburban Auto Finance and learn how we can help you get back behind the wheel in no time. At Suburban Auto Finance, we understand everyone deserves the independence of having a reliable vehicle, and our mission is to work as hard as we can to make that happens for you.