An easy way to reach those saving goals is to reassess your budget. We all have things we could trim from our budget and we’ve compiled a list of five things you should stop spending money on, without compromising your quality of life.
I’m sure you’ve seen this on every list highlighting ways to save, but it is true! Coffee from your friendly neighborhood coffee shop is expensive. If you’re spending an average of $5 every day on coffee, that can add up to about $1,300 a year! A small bag of ground coffee and/or some sweetener and milk would cost you around $15 and last a few weeks. Newer coffee makers even have a setting to start brewing coffee automatically at a specific time so you won’t waste any precious time in the morning getting it ready. This coffee maker has an option to brew in a carafe or a personal mug. If you really enjoy the fancy drinks, treat yourself to one a week! $260 a year for coffee is far better than $1,300.
Stop spending money on bottled water and start using a water filter! By using a water filter, you are not only helping to reduce waste, but you’re also helping your wallet! This faucet mounted water filter is easy to install, affordable AND makes your water taste good. Unlike water filter pitchers, you don’t have to wait for the water to filter, it comes straight out of the faucet fresh and ready to drink!
Landlines and Fax Lines
Nowadays, most people have cell phones and, much like payphones, landlines and home phones are being phased out. If you have a landline, this means you also have a separate phone number and it’s much easier and more convenient to use one phone number so stop spending money on that extra line! If in any rare case you need to fax a document, any delivery service store or local office supply store will either have a fax machine you can use or can fax the document for you.
Books and Newspapers
There is something special about holding a freshly printed, new book in your hand, but how often will you reread that book? If the answer is rarely, it’s time to head to the library and check out those books. Don’t want to deal with a hard copy? Within the past few years, libraries have added and expanded their eBook and audiobook collections. These digital copies don’t require a physical trip to the library so you can rent and return right from your digital reading device.
Your checking account should be free of fees, and if it isn’t, it’s time to switch banks. These fees will take a bite out of your budget when only “a few dollars here and there” start to add up and especially when ATM fees hit a record high for the 14th straight year in 2018. RMLEFCU provides a Kasasa checking account that’s not only free, but it will refund your ATM withdrawal fees nationwide at participating MoneyPass ATMs. To find one of these MoneyPass ATMs, RMLEFCU has a free app to easily locate the ATM nearest you.