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Hi i’m chelsea and i’m laura and we are the financial diet and today we’re going to be talking about how to find extra money in your budget by shaving off unnecessary expenses so no matter how tight you think your budget is it’s really important to take a hard look at it and even talk with friends and see the kind of choices they’re making because most of the time
Even the tightest budget comes down to the individual choices you’re making every day and almost everyone can fix something so to kick things off one of my favorite ways to kind of save money and stick to a more strict budget is to make big batches of cold brew coffee at home once the weather gets warmer it can be really tempting to go outside and get like iced
Coffee pretty frequently and if you have cold brew in your fridge it’s a lot easier to make a cup of coffee at home and not be spending money out so my biggest thing when i’m looking to trim my budget is always starting by going through my statements and seeing what i’m still paying for that i’m not realizing and this is usually like auto renewed subscriptions
It could be to a magazine to a website to a service that you no longer use to a bill that goes to an old address it could be any number of things but i found pretty much every time i’ve looked through my budget that there was at least one automatic payment that i was making for something i wasn’t using anymore if you drive a car one of the great places to save
In your budget is on your car’s gas bill you can download an app like gas buddy which allows you to easily compare prices at gas stations near you and you should swap out your car’s air filter which will make your car more fuel efficient so another easy way to make something you’re already spending money on be more cost efficient is to start pre-ordering some of
Your groceries in bulk especially when it comes to things like cleaning products toiletries etc you can order them on a regular basis that they’ll just get delivered to you automatically from a website like amazon or soap or even perhaps your local grocery store has their own website a lot of times you’ll get better deals on these items and you won’t find yourself
Running last-minute to you know like a drugstore to grab one thing where you’ll pay a huge markup for it because it’s always delivered on time another great way to save a little bit of money per month is calling your student loan services and seeing if something like setting up auto payments will shave off any of your interest payments another painless way to
Save money is to make sure that all of your subscriptions that can be shared are shared now this is especially relevant if you live with someone roommate significant other whatever that you make sure that all of your thing like you know netflix amazon prime any newspaper magazine anything that is redundant you split the cost of and only have one subscription for
So another way to save money is by switching to the generic versions of medications that you take over-the-counter in my experience they work just as well another way to save money that we’ve actually covered before is to go through your house or apartment and make sure that every light bulb you’re using is an energy-saving one now we might harp on this but it’s
Because it’s such a painless way to save money every single month that being said you should always make sure that when you leave the house the lights are off and then you can also do things like when you’re at work shut the ac or the heat off and speaking of things like heat and a/c go through your house once per season and make sure that all of your insulation
Is where it needs to be and things like if there’s like a little bit of an air leak in a window or something like that close that up because all of your heating and cooling is going to be flying out the window along with your money so another great way to save money which is especially effective if you live in a city is to stop subway in it calving it and uber in
It around as an alternative grab a friend and go for a long walk or grab a city bike and bike there when spring and summer come in the city i personally challenge myself to walk basically everywhere even really far distances because let’s be honest that’s like ninety five percent of my exercise another strategy that might sound obvious but for some reason is not
Popular with our generation is using coupon coupons are not just for crazy old ladies with a leben cat and they really help you save money we’ll link to a few good couponing apps in the description so you can start using them to your advantage in the end everyone can go through their budget with a fine-tooth comb and find at least one thing they’re doing wrong no
Matter how pinched they might feel and when it comes to pre-empting your future bad budget decisions keep in mind that it’s always an option to leave your credit card and things at home when you don’t need it so that you will be stopped from making those impulsive purchases that we all know tend to ruin even the best planned budget so thanks for watching and don’t
Forget to hit the subscribe button and go to the financial dicom for more bye
Transcribed from video
12 Ways To Find Extra Money In Your Budget | The Financial Diet By The Financial Diet
