These savings tips may be a little extreme, but they will help to get your finances in check.
As the first month of 2016 comes to and end, you may still be struggling with your budget from the holidays. If you are ready for a dramatic change in your spending habits, look no further! Keep these extreme savings tips in mind to help you start the new year off with a full bank account.
- Set strict rules – set rules that fit with your lifestyle but will still help you spend less. Consider switching your cell phone carrier, canceling cable TV, or only paying for transportation on weekends. While you don’t want to completely cut out all extra spending, find ways that you can cut back.
- Know what you need vs. want – you may not be able to cut back on your groceries, but do you really need to eat out three times a week? Figure out what you can go without, even if it is for three out of four weeks a month to help you save.
- Take a close look at your finances – look at your bank statements and credit card statements to see where you are spending the most money. Also, look at all your bills, including utilities, to see if you are getting overcharged or turning on your heater a little more than you need to.
- Get creative – cutting back on your spending doesn’t mean you have to avoid all social situations. Look for free events in the area that you can enjoy with your friends and family. Volunteer your time or hold a potluck dinner to get out and about without spending any money.
One of the best ways to protect your finances is by investing in the right insurance policies. Contact the insurance professionals at Risk Management LLC in Brookfield, Wisconsin for all of your insurance coverage needs to ensure your finances are covered in case of any disaster.
