Kelly Blodgett launched Money Gal Coaching with a goal of serving people who, like her, were burdened by debt. You can get her tips for paying down debt on a regular basis at Bring Me The News, in addition to the Money Gal Coaching website and Facebook page. In her words, these are tips and tricks that she used to pay off debt.
Saving money is something that you are either really good at or it goes against everything that brings you joy.
I find that while I really enjoy saving money some ways, other ways can be tedious and not worth the effort. But remember, saving money isn't about being cheap. It's a way to find some extra money, without getting a raise, to buy things you actually love – like vacations or that new home project you've had your eyes on!
Here are 15 tips I personally use. They can come up big in the event that you lose your job, are looking to get an emergency fund started or you just want to be a little better about managing your money.
1. Pay off your debt. Payments to interest is like throwing money out the window.
2. Keep a running total while you are grocery shopping as a reminder of how quickly the bill adds up.
3. Buy generic brands, they're the same as the brand items.
4. Review all of your subscription services and cancel those you use the least.
5. Send money to a savings account automatically and for specific items (it’s easier to save for that trip to Mexico next spring versus for a generic vacation fund).
6. Unsubscribe from companies that always email you tempting offers.
7. Bring your lunch to work (if you aren’t working from home of course) and save restaurants as a way to treat yourself.
8. Say yes to the match from your employer’s 401K benefit, it's free money.
9. Look at your cellphone bill: Can you get on a family plan, ditch your insurance, get on a plan with less data or sign up for an off-brand service like Cricket or Visible?
10. Make your morning beverage at home. You'd be shocked to see how much an average coffee drinker spends each year.
11. Rent books at the library (you can even request books they don’t have).
12. For your next vacation, grab an airbnb rental during the week. You’ll find a cheaper rate and you won’t have to spend lots of money on gas and airline tickets.
13. Sell anything around your house that you are sick of, don’t use or is more work than it’s worth. You won’t miss the junk once it’s gone and you’ll love the cash.
14. Challenge yourself to not spend any money (besides the essentials) for a week.
15. Shop around when making larger purchases. You might be able to find it cheaper at another store or get a price match.
Disclaimer: Bring Me The News will receive a portion of the proceeds from readers who purchase a service from Money Gal Coaching via our articles.