1. Not making a solid plan.
We all want to pay off our debt and reach financial freedom and security. We all know we should aim to pay off our bills, but knowing we should, isn’t a solid plan. It’s a goal for what you want to achieve, but not how to do it.
Ever since I had acquire this debt, the goal was to pay it off. I’m sure you’re thinking; then pay it, right? Every time I got paid I would throw money at it, and still it was going nowhere. I’m sure at this point I’ve paid more money than I actually even owed and still I have the debt.
How’s that even possible, you ask? Because there were different factors at work here. Where if I had done actual planning; the right planning, I would have realized this. Which takes me to my next point.
Hello Everyone, Welcome back.
So this will be the final blog on a few main ways to cut expenses this year. In my previous blogs, I went into detail about saving money by cutting food cost, phone bill cost, work, travel and general leisure expenses.
In this blog I will be going over bank fees, credit card interests and subscription cost. I'll start with subscription fees, because this should be the simplest.
So you know the ones, a lot of us have so many subscriptions and believe it or not these do add up. I was one of those people, I had Netflix, Hulu, Amazon Prime, CBS All access, Spotify, Youtube Premium and the list continues.
A lot of the times, I forgot about some of these or I don't use them very often. I liked having the option to watch whatever I wanted, whenever I wanted, but the fact remained that most often I watch Youtube, regular old basic YouTube. I've canceled all subscription except for Netflix, mostly because it's Netflix, but also because my mother and sister uses it.
Instead of paying for all those apps and subscriptions, consider using free options and limit what you're subscribed to, to one or two options. These should be the things you use the most often. I realized that a lot of the shows I watched were shows like The Flash, Super Girl, those super hero ones, Riverdale, Nancy Drew, and many others, were all shows that were available on the free app CW, there is also CW Seed, obviously Youtube. There are also a range of other apps I have not personally tried, like Crackle, Tubi Tv, Pluto TV, a quick google search could reveal others. I literally just watch Youtube.
The point is, maybe you don't have to pay for all these subscriptions, this might include gym memberships, I use to have one of those and I went twice, and it was hell to cancel after a year.
Look through your card statements and remove any and everything that you don't absolutely need or make the most of, and instead find other alternatives to getting the same features. Just be creative.
Maybe work out at home instead, or outside. Go for walks and runs. Use the free version of Spotify and Pandera for music. Icloud storage for like $10 for 2tb, yes I had that too. At times like this, these are considered to be a thing of luxury, and every little thing adds up.
Hello Everyone, welcome back.
So the goal of this blog is to give you ideas on how to save money this year. You might want to save money for different reasons, whether it be to; have more money for the things you do want to do maybe like go out more or take more vacations. Or maybe you're like me and you really want to save money so you can pay off your debt faster. Whatever the reason, you have come to the right place.
In my two previous blogs I outlined how to save money by cutting cell phone bill and other expenses, and I went over all the expenses you should be looking to cut, so go check those two out to see that. The reason for that is because it would be too long of a blog otherwise and a lot of people don't like reading super long blogs, so it's broken up for that reason. Today I will go over food expenses.