If you want to save money effectively, you should cancel unnecessary subscriptions. Maybe you registered a new streaming media during the free promotion and then forgot to cancel it. Maybe you have a fitness card that you no longer use. Remember to check your monthly credit card or bank statement to find out those recurring subscription fees.
Open short-term deposit certificate
One-year deposits have higher interest than savings deposits.
In addition, the yield of time deposit certificates is usually fixed; As long as you don't withdraw in advance, you can guarantee the rate of return by opening a deposit certificate. Important reminder: If you think you may need to use the money before the maturity of the certificate of deposit, don't choose the certificate of deposit, or you will have to pay a fine for withdrawing money in advance.
Pay in cash or set a card payment limit.
Choose to use cash instead of credit card every time you shop, which can trick your brain into continuing to save money. You can only spend the money you have with you. Take a look at the recently popular envelope financing method and further explore this concept.
Don't spend money for convenience.
Paying for convenience can save time, but it will cost you money. Spending a little more time making coffee, cleaning and repairing things by yourself every day can increase your bank deposit. Make choices and reduce things that you don't pay much attention to. For example, you may cherish the experience of going to a coffee shop, but you can choose to reduce the number of take-away orders.
Earn cash back by buying things
Even in the most difficult times, you have to spend money on necessities. You can get a cash refund for this. You can use a cashback credit card to help you earn cash when shopping. Some cards don't even charge an annual fee. Your credit card may also have a cashback discount at some retailers, but you may need to choose to join activities to redeem rewards. These offers may also have expiration dates or other terms and conditions, so check them carefully to make sure there are no accidents. Cash back application is also an option to consider before getting a new credit card.
Cook for yourself
Food can be a big expense in your budget. ? Get ready for your next few meals and find out what you need to buy from the grocery store. Make a list. Look for coupons and try not to buy anything that is not on the bill. Even without coupons, it is much cheaper to buy food at the grocery store than to order takeout or eat in a restaurant.
Try to live a free life.
Not spending a penny a day or a week can help you save money quickly. This will force you to think carefully about every penny you have to spend. After a day (or a few days) without spending money, you may realize that your consumption habits have improved.
Starting today, get rid of a consumption habit.
There may be a commodity or convenience service that you spend money on every day or regularly, but it doesn't matter if you don't buy it (or buy it a few times less). As time goes on, you may get used to not buying, and this kind of consumption activity will no longer be a habit.
Save money automatically with APP
If you often forget to save money in your savings account, or don't know how much to save, consider using an APP to help you save money. There are many applications that can help you save money automatically. The design concept of this kind of APP is to automatically transfer the money in the salary card to your savings account according to your preset amount. However, the money you put into such applications often has a low (even no) return, so after you save a sum of money, you should consider transferring it to a high-yield savings account.
Sell things you don't need.
Sell things you don't need to achieve a quick cash return. If you want to sell a lot of things at once, you can choose garage auction. No matter what method you use, you should do your homework in advance to avoid regret. Before you sell an item at a price below its actual value, make sure you know its value.