Best Financial Advice: 3 Moves to Reduce Expenses and Boost Savings
Thursday, 14 March 2024, 23:00
Simple Changes to Reduce Monthly Expenses
Cutting expenses isn't always easy, but it's possible with a few smart moves. Discover how canceling unused subscriptions, sealing air leaks in your home, and comparing insurance costs can lead to significant savings.
1. Canceled a streaming service
- I canceled a streaming service I hadn't used in months, saving $17.99 monthly.
- Consumers waste an average of $25.34 on unused subscriptions per month.
2. Sealed up some air leaks in my house
- I sealed air gaps with caulk and weather stripping to lower energy costs.
- Reduced drafts, air leaks, and old HVAC inefficiencies can save $200 to $400 annually.
3. Shopped around for insurance
- I compared insurance costs and switched to a more affordable policy, saving around $45 annually.
- Most insurers penalize loyal customers with higher rates.
Implement these steps to cut expenses and improve your financial situation today.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.