Here Is a List of 7 Painless Ways That You Can Cut Your Spending - Deepstash

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Here Is a List of 7 Painless Ways That You Can Cut Your Spending

https://www.thebalance.com/painless-ways-to-cut-your-spending-1388550

thebalance.com

Here Is a List of 7 Painless Ways That You Can Cut Your Spending
Name brand products are good, but store brand products are often just as good (if not identical). Make the switch to the bargain labels, and you'll slash 25-50 percent off of your weekly grocery bill. With more and more grocery chains launching their line of organics and other premium products, there's never been an easier time to switch.

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Ask For a Better Deal

Ask For a Better Deal

Call all of your service providers —phone, Internet, cable, etc. — and ask them to give you a better deal. You may just be surprised at what they're willing to offer to keep your business. 

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Shop To Save

Shop To Save

Challenge yourself to save more every time you shop by looking for things on sale or clearance. When you're always on the lookout for a bargain, there's no end to the money that you can save; and soon it becomes a game that you look forward to playing.

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Switch To Store Brands

Switch To Store Brands

Store brand products are often just as good as name brands. Make the switch to the bargain labels, and you'll slash 25-50 percent off of your weekly grocery bill. 

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Shop With a List

Shop With a List

To keep impulse shopping from taking hold of your budget, make a habit of shopping with a list. Jot down everything you need, and then only shop for those items.

If you are tempted to add an extra item to your cart, go home and think about it first. If you still want the item, add it to your next shopping list.

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Plan Meals

Plan Meals

To be less tempted to eat out, plan what you'll make for dinner. Then, consult some free meal planners, shop for all of the ingredients, and try some new recipes. 

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Carry Snacks

Carry Snacks

Eating out always costs more than eating at home. Avoid this cost entirely by keeping snacks on hand at all times. 

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Use It Up

Use It Up

Before you buy something, see if you can find something you already own that'll meet your needs. This simple exercise will help you spend less and clear out some of the clutter in your home.

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SIMILAR ARTICLES & IDEAS:

Myth: Shop Early for the Best Deals

Myth: Shop Early for the Best Deals

While early holiday shopping can snag you discounts and the best selection, you are most likely to get the best deal just before holiday shopping.

Retailers need to move h...

Myth: Buy Coupons for Huge Discounts

Coupons are sold in lots to allow couponers to stock up on the best deals.

While coupons are great to save money, it does not make sense to spend on coupons in order to save. Coupons vary greatly by geographic location and store, and may not apply to your geographic area. Instead of buying coupons, get the Sunday paper for better ads, download an app or keep a coupon binder to stash extras.

Myth: Always Buy in Bulk

It makes sense to stock up on non-perishable items such as soap and canned goods.

However, buying wholesale perishable items like fruit and milk might mean it goes to waste if you can't consume it before the expiration date.

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Brand name products

You don’t have to spend money on the big brand names.

Your local grocery or drug store might have a store brand or sell a generic version. In most cases, the ingredients are pretty muc...

Basic car maintenance

You do not need a professional mechanic to sort out many of the simpler car problems.

There are all sorts of easy and helpful instruction videos available to repair or maintain your car for cheap.

Shopping when you’re hungry

We are more susceptible to buying stuff we don’t need when we are hungry. The same goes for a leisurely grocery trip. 

Make your shopping trip when you have other errands to do and a limited time to do them. You will be less likely to spend time exploring and picking up items that you did not originally plan to purchase.

Keep everything as simple as possible

The more credit cards you have, the more chances you have for identity theft and the more chances you have to miss a payment. The more investment accounts you have, the less attention you can give ...

Don’t ever let your “future self”...

...take care of your current situation.

Your future self might have more income, but it’s also fairly likely that your future self might have less income and you’ll find yourself in a really bad situation. 

Even if your future self is doing well, there are probably going to be other big expenses that you’ll want to deal with at that time, like buying a house.

Focus on...

  • Building an emergency fund: set up an automatic weekly or monthly transfer from your checking account to your savings, then leave the savings alone until an emergency appears.
  • Eliminating high-interest debt: Set up a simple debt repayment plan by organizing your debts by interest rate, then attempt to make a double payment on whatever debt has the highest interest rate.
  • Saving for retirement: It will actually end up being a much smaller burden than you expect,  lifted up by the pleasure of knowing that you’re securing your retirement.