Eliminate these hidden costs and free up some funds today.
If you’re looking to squeeze extra money out of your budget, you might be surprised by just how many unnecessary items are hiding out in your everyday expenses. From subscriptions you may have forgotten you’re paying for and hardly use to pricy services you can downgrade, WiGsOs has found 35 expenses you can slash from your budget today for quick savings.
Banking Fees
If your checking account charges a fee and you can’t get out of it, it’s time to look elsewhere. As little as $15 a month can add up over the course of a year. There are free options available, so why pay fees when you don’t have to?
One excellent option is the Free Checking Account from PenFed*. By avoiding the hassle of monthly fees, you’re eliminating the waste and frustration of paying to access your own money. You can open an account with just $25 and there’s no minimum balance requirement, giving you plenty of flexibility. PenFed also offers other features like more than 85,000 free-free ATMs nationwide and 24/7 digital banking online or through the mobile app.
*Federally insured by NCUA
Full-Price Items
Buying things at full price may be a habit, but there are always discounts, sales and coupons to look for. Comparison shop for the things you want — see if it might be on sale somewhere else. Clip coupons and download coupon apps such as Ibotta, Rakuten and Honey.
Gifts
If you’re a person who shows appreciation to your family and friends through gifts or whose holidays involve a lot of shopping, consider downgrading to cards or messages instead. These add up. Families who opt to save on gift giving report saving a lot of money (and reducing their pressure, too).
High-Interest Credit Card Debt
High-interest credit card debt can be a killer on the budget. To avoid paying only interest, be sure to make your minimum payments and more if you can. You’ll also want to consider how you can lower your credit card interest. If you have a good amount of credit card debt with a high interest rate, consider doing a balance transfer to a credit card that offers a 0% intro annual percentage rate.
Cellular Data
Every cellphone plan is different, but most of them have some limits on how much cellular data you can use before you are charged extra. To save your data, log on to Wi-Fi networks whenever possible. Also, turn data and roaming off when you’re not using your phone, as some apps will use your data without notifying you.
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