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Simple tips to save money IN 2020Although not all these strategies are applicable to your situation, you could reduce your expenses by thousands annually by using some.
CONTACT US FOR A DISCOUNTThis is what I hear from my mother:
"If you don't ask, you'll never find out!"
It was true. This advice has saved me thousands of dollars, and counting.
There are two ways:
Act proactivContact a company you make regular payments to such as cable television, cell phone carriers or even garbage service. Thank them for their wonderful service, after that ... ask for discounts.
It will take just five minutes. One five-minute phone call can yield years ofdollars savings.
ReactivelyIt isn't an attempt to avoid paying for the service you have used.
This is not right. And illegal. Don't do it.
We've been notified, and are awaiting the bill.
My wife received an amount of $500 for a test she had agreed to take. Contrary to what she was told the insurance company did not pay for the cost.
My wife wanted to pay the bill and get on with her life. I suggested she contact me to clarify her confusion and request discounts.
The result?They gave $300 off!
How many times have neglected to make a quick phone call because you were too busy? You could be losing hundreds or even thousands - of dollars.
In actual fact, Noah Kagan pocketed $2,000 using this method of answering a simple question!
What's the worst possible scenario?
This is among my most preferred strategies to save money. There's no downside risk and unlimited upside.
DUTCH YOUR AUTO LEASESome people can't part with their automobile for the sake of saving money. It's okay, so long as your financial plan isn't at risk.
If the objective is to save money, it would make more sense to buy instead of leasing.
Ideally, you'll want to buy a reliable used car you can keep in the long term.
Why?Since, when you pay off your auto loan (if applicable) it will not be the obligation of making a car payment!
By leasing, however you'll never be able to own the vehicle you lease. Monthly payments will be made for an asset which is declining in value each minute.
If you're trapped in a lease, and you want to get out, consider an exchange program for example:
The most important thing is that you could save money by letting go of your lease and purchasing an affordable used car.
DO NOT REMOVE YOUR BUDGET! TRACK YOUR AMOUNTS!Budgeting is often the focus of all our attention. However, tracking your spending is the key to saving money that no one discusses. In fact the most financially successful people have a clear idea of where every penny goes each month.
It is easier to make educated decisions when you know the exact location of your money.
The power of knowledge is in the mind.
Does that sound good or bad?It depends!
Golf is a major factor for me. To keep my golf costs down I'm willing to compromise in other areas.
On the other hand my wife and me have recently decided that paying $3,000 a year on cable television wasn't important to us.
Based on this knowledge, we found a way to reduce our costs by over 60 percent.
You won't be able to track your expenses when you aren't keeping track of them. This makes it hard to know what you can do to cut costs.
This is a 3-step process to keep track of your expenses and save money.
The key is to create an effective, repeatable, and reliable method that will work for you. Continue to work on it, and you'll be amazed at the results.
SCAN FOR FREE ENTERTAINMENTIs it worth spending money for fun? Sometimes, it does.
You must pay to get into a concert, and nobody is letting you eat for free.
There are many ways to enjoy yourself, even when you don't have the budget.
If you're looking to save more money this year, think about experimenting with a $0 entertainment budget for a month. Try to determine how much fun you could have with no money.
Here are a few of the best ideas for free entertainment to get you to get