Deferred gratification is a great sign of maturity and long term planning but every now and then it’s nice to find things you can go right out and put in action immediately while your long term plans mature into reality. With that in mind, here’s a list of things you can get crackin’ to on today to realize some solid savings asap. Now let’s save some money!
Estimated total annual savings for all items: $2054
That’s like getting a $2400 raise before taxes, and I didn’t even count 1 of the 10 items!
1) Internet (I saved $30 by downgrading and yes Netflix still works fine).
Did you know that every single cable company out there offers different levels of internet speed? I was paying for the top package at $73/month (50mbps). I downgraded to the lowest package for $39/month (5mbps) and have never looked back. I can still stream Netflix without any issues. If multiple people are on I do notice some lag time though. Do you want to save $408 a year or not ($34×12=$408)
2) Natural Gas (Turn you hot water heater down).
Have you ever jumped in the shower and realized the water was way to hot? The truth is most hot water heaters are turned up a little higher than most people can handle. If you have a gas water heater, you’re burning a lot of natural gas for this extra heat. Consider turning the temperature knob on the heater down a little and save an easy $5 or $10 a month or more if you’re in a really cold climate. That’s another $60-$120 a year.
3) Haircuts (Monthly 10% discount at several places such as sport cuts).
Some chains offer a discount if you return within 30 days for your next haircut. It’s $3 off $15 at sport clips where I get my hair cut. Little numbers add up so check it out. It’s $36 more a year.
4) Cell Phones (I saved $35 switching to boost mobile).
This is a big one for a lot of people. They get lured in by the big cell phone company providers to thinking that monthly cell phone service has to cost $80 a month. Did you know that you can get a pretty decent phone service plan from Walmart, usually for about $40 or so. I personally have been getting unlimited talk, text, and data (almost unlimited) for $44(after taxes) from Boost mobile for the last several years. Google Fi is another cheap but effective carrier. With the savings, I just do my own phone upgrades, usually 1 model behind the newest phones. I saved another $432/year by doing this ($36×12=$432)
5) Save on Cable.
Ok, this one is a bit misleading. I’ve led you here to trap you into cancelling your cable. After all can’t you watch most of your shows online these days. Even if you couldn’t, it’s a great way to save money and get time back in your already busy day. Let’s just say this saves $10 a month since you’ll have to pay $8 for Netflix. Side note if you have young kids. Did you know you can find cartoons on YouTube as well as old movies. Yearly savings: Another $120
6) Gym Memberships. “Exercise is free.”
That’s what a very fit friend of mine told me one day when we were talking about the gym. I rolled it around in my head one day and realized that she was right. I cancelled my gym membership, got some free weights, laced up my running shoes, and started saving $360 more bucks a year ($30×12…..You get the idea. I’ll tally it all at the end.)
7) Car Insurance.
Maybe you can save some money on car insurance and maybe you can’t but it’s definitely worth checking into. Maybe you can combine things such as home, additional drivers, and good driver discounts if your situation has changed since you last looked. You never know if you don’t ask.
8) Gasoline (Use cruise, tune up, inflate tires, etc.).
Some things in life are just fixed. The price of gas is one of these. After all it’s not like you can store a giant reservoir when the price drops. You pretty much have to pay what it costs, but that doesn’t mean you need to use so much of it. Here’s how I hack out some extra gas savings gaining me about an 11% increase in mileage on my high mileage car: Annual savings for me 11% of my budget ($120)= $158.40/yr
9) Food! Grow your own/combine amino acid sets to get a complete protein profile. Rice and beans.
This one blew my mind when I discovered it. I’ve been saying for years that meat is one of the hardest things to save money on. If this cuts down on just one less 10lb bag of chicken per month at $20 per bag, it would save you an additional $240/yr.
10) Keep back yard chickens.-Free eggs to make almost free food(Pasta, casserole, quiche, deviled eggs, egg salad sandwiches, hard boiled eggs) for years.
They eat weeds and bugs. They fertilize your garden. They don’t take as much space as you think. Let’s say that this saves you a very conservative $15/mo in eggs depending on the size of your family and the number of chickens. That’s another $180/yr in savings.