We talk about it all the time… saving money. Have you considered ALL of the ways that you can do this? You might be shopping around for the latest and greatest deals on everything or price matching at Walmart and clipping coupons, but what about some of the other ways that you can be saving money? Watching all of the sales and clipping coupons will only get you so far. Here are a few ways to save money that people often overlook.
You see commercials for this whenever you turn on the TV or computer. You hear the ads on the radio. The best way to save money on car insurance though is not to drink and drive. If you get caught drinking and driving, aside from having to face jail time and some hefty fines and legal fees, you will have to get car insurance with SR22. This can be very expensive. However, by shopping around, you will be able to find that some insurance companies offer this type of insurance at prices lower than their competitors.
How much do you spend each month on electricity? Did you know that if you do a few small things, you can make big changes in your energy bills? Consider this, your thermostat is responsible for nearly half of your power bill each month. In the summer, each degree higher you set your thermostat will save you approximately 2% on your energy bills. The opposite holds true in the winter. Aside from saving you money, this can also assist those who are trying to reduce their carbon footprint and be more environmentally friendly.
You can also choose to unplug your appliances and energy vampires when you aren’t using them. This includes things like TVs, DVD players, DVRs, phone chargers, computer chargers and the like. These things use energy even when they are off and they are causing your power bills to be higher than what they should be. If the outlets are hard to reach, consider getting a power strip and plugging them into that. Then when you are not using them, you can just flip the switch on the power strip and they will receive no energy until you flip the switch back on.
Discounts and Incentive Plans
One way to save money might be through your employer. Some employers will offer incentive plans and/or discounts for a variety of things. These could be on things like gym memberships, passes to festivals, movie and theater tickets, computers, and more. Check with your human resources department to see what is offered at your place of employment.
Another great tip for saving money that has to do with your employer is investing in your 401(k). This will also save you money on your taxes at the end of the year.
Medical Expenses and Health
When you need prescriptions, ask your doctor to write them for generic ones. Many places have generic medicine as low as $4. You might also practice a few habits that are healthy – like trying to exercise on a regular basis. When you do things like this, you won’t have to go to the doctor so frequently. If you have any habits that are unhealthy, like smoking, give them up. You will be healthier and be saving a ton of money. If you will be paying cash for your medical visits, ask if they have a cash discount. If your employer happens to offer a flexible spending account, use it.
There are apps out there for both Android and iOS that will save you money on things you have already purchased online. This money will be the difference between the price you paid and the sale price if it goes on sale after you buy it. You will be guaranteed the difference and get the money right back to your inbox.
If you are currently spending a lot on entertainment at movies theaters or big red boxes, you might consider getting a movie subscription service. This will save you gas, time, and money.
These are just a few of the ways that people might not think of right at first when it comes to saving money. Can you think of some other unconventional ways to be thrifty?