Things You Can Do Now That Will Save You Money Later

 
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Things You Can Do Now That Will Save You Money Later

The cost of living, unfortunately, is not getting any cheaper, and many people struggle to keep up with the finances. However, there are things you can do to alleviate your financial pressure a bit. The following is a list of things you can do now that will save you money later.

Save on the Bills

Bills, bills, bills. We all have them. We all would be happier without them. However, there is no way to get out of paying them altogether. We can however, find ways to reduce the bills and make them a lot more manageable.

Check out these 5 ways to save on bills:

  1. Cell Phone Plan: Find yourself a cheaper cell phone plan. If you have a plan that has a bunch of perks you are not using and is costing you quite a bit of money, consider switching to a different plan.
  2. Thermostat: Make sure to lower your thermostat by up to five degrees in the colder months and then raise it back up by five in the warmer months to save on energy costs.
  3. Pay Bills On Time: Sign yourself up for automatic bill payment. This will help you always make your payments on time and avoid having to pay any late fees.
  4. Keep Energy Use in Mind: Always keep in mind the energy cost and usage of any new appliances that you may get. You do not want that new fridge to run up your bill because it uses an unnecessary high amount of energy.
  5. Insurance Plan: Find a different insurance company every few years. Many insurers will offer their new subscribers lower rates.

Food Savings

Food is an important part of life. It can also be something that runs up our bills quite a bit if we are not careful. However, there are some ways to cut the costs down.

Ways to save on food:

  1. Shop Smart: Never go to the store when you are hungry. You could end up spending money that you did not need to spend on food you do not need to be eating.
  2. Buy in bulk: It might not seem like a wise decision to spend money on a bunch of food in one go, but in the long run it can keep a lot of money in your wallet. Watch for sales or wholesale places.
  3. Make a List: Always use a shopping list when you go out. You can avoid buying things you do not need and make sure to get all of the things you do need so you do not have to go back out and waste more time, energy, and gas.
  4. Stock Up Your Freezer: Get yourself a freezer if you do not already have one. This will make storing the groceries you buy in bulk easier because you will be able to hold onto certain perishables longer.
  5. Avoid Eating Out: Eat at home more often than you go out. Buying groceries and cooking yourself is usually a lot cheaper than going out to eat. It can often be a lot tastier and healthier as well.

Cutting Down on Entertainment Costs

We all love to have fun, but oftentimes that can cut into our finances. With the right actions however, a good time can still be achieved while also saving money.

  1. Cut the Cable: Consider ditching cable and making use of cheaper, or even free, alternatives so you do not have to spend needless money to be entertained in the evening.
  2. Look for Free Events: Find out what kinds of free events your community may have coming up. There may be a concert, film showing, play, or any number of other fun events you could take part in for no money.
  3. Use the Library: Go to your local library to check out movies and books instead of going out to a store and paying for them.
  4. Hang Out at Home: Get all your friends to come over to your place for a night of fun activities rather than going out and spending a bunch of money on dinner and drinks.
  5. Visit a Museum: Take advantage of any free museums your local area may have. You can learn something new and save money.

Handling Your Finances

When it comes to our overall finances, there are plenty of steps that can be taken to ensure that money is saved in the long run.

  1. Maintain a Budget: Set up a proper budget and stick to it. By getting an idea of the overall shape of your finances, you can plan for how your money will be used and where it will go.
  2. Banking: Get yourself a free checking account that will not charge you for ATM use, transfers, or debit charges.
  3. Review Employee Benefits: If your employer has a match system for your retirement savings, hop on that. It is pretty much free money for you to use for your retirement.
  4. Using Cash: Use cash when you go shopping. This will help you stop needless spending when you go out and prevent you from going outside of your budget.
  5. Set Up Emergency Fund: Have an emergency fund set up and regularly deposited into, so that if an emergency occurs, you do not need to dip into your savings or go outside your budget.

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California loans are made or arranged pursuant to a California Financing Law License. See State Disclosures for additional disclosures.

1Loan approval is subject to meeting the lenders credit criteria, which may include providing acceptable property as collateral. Actual loan amount, term, and Annual Percentage Rate of the loan that a consumer qualifies for may vary by consumer. Loan proceeds are intended primarily for personal, family and household purposes. Minimum loan amounts vary by state. Consumers need to demonstrate ability to repay the loan.

2Based on consumers who received a loan from LoanMart from February 2002 to October 2018.

3Application processes could take five (5) minutes to complete. Upon completion, a conditional approval may be given pending review of documentation. Funding time is based on the time from final approval following receipt and review of all required documents and signing, prior to 2PM PST on a business day.

4To exercise the right to rescind, the consumer(s) must notify the lender in writing by midnight on the third calendar day from obtaining the loan. Within one business day from notice of rescission, the consumer(s) must return any monies received and fees paid on behalf of the consumer(s) by certified funds.

5Lenders recommend and encourage consumers to pay early and often and more in order to avoid additional finance charges.

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All loan applications are subject to meeting Capital Community Bank’s credit criteria, which include providing acceptable property as collateral. Consumers need to demonstrate ability to repay the loan.

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