Come the end of every year your family and friends are always talking about their New Year’s resolutions. Some people try to lose weight, some try to better themselves with more schooling or advancing their careers but another popular resolution is that of saving money throughout the year. The tips found below will show you different ways that you can save money for the New Year and many of these you might not have even thought about.
One of the most common ways to spend money that is not necessary to be spending is by paying late fees. If you have a habit of paying bills late you should take advantage of the auto payments that many credit companies offer. This will help you to pay your bills on time and you will no longer have to worry about paying the extra late fees every month.
Study Your Credit Card Bill Closely Every Month
It is recommended that you keep track of your spending and read your credit card bill carefully every month. Many of us miss things that should or should not be on there such as refunds, overcharges, services that you no longer use, or even the unfortunate event of credit card fraud. The more attention you pay to the credit card statement every month the more likely you will find errors that will end up costing you.
Start An Emergency Fund
Now is the time to start and emergency fund if you do not already have one. With this type of savings you should set up a new savings account and have money automatically transferred into it out of every one of your paychecks. Even if it is a small amount each pay period you will find that the balance will add up quickly and you will have the peace of mind of having some money saved up when an emergency occurs.
Credit Card Negotiations
When you are trying to save money throughout the year one of the most important things you can do is to negotiate with your credit card company. You can often have your annual fee waived as well as any late fees that you may occur throughout the year. It is also possible to negotiate your interest rate on your credit card as well. You will never know unless you try.
Cut Back On Some Of Your Spending
When you are looking at your spending that occurs on a weekly basis it is easy to see where all of your money goes. More than likely you will also be able to see a trend where your spending is. When you see a trend such as spending money on that cup of coffee every morning or eating meals out at restaurants you can cut back on these expenses. You will then find that you will save quite a bit of money every month.
Coupons can help you to save money a little bit at a time. No one is saying that you have to be an extreme couponer like you see on the television reality shows but you will notice that even if you use a few coupons for every shopping trip you will see the savings start to add up.
Shop Around For A Service Provider With Better Rates
Shopping around for better rates is a time consuming process but you will find that you will save money in the long run. You should shop around and compare prices for your Internet provider, cell phone provider or even services such as the company who cuts your lawn every week. You will be surprised that these types of companies are very competitive and will often price match and offer you certain benefits that your current company does not.
Saving money should be a resolution that is on everyone’s to do list for the New Year. It is easy to learn how with the tips above and many others tips as well.
Image credits to : Rachel Beyer