Any extra cash you can save is also more opportunity to invest or clear off debt.

1. Unsubscribe From Emails

A 2017 report from Fluent reported that 68% of millennials claimed a promotional email has influenced their purchase. Hit the unsubscribe button now and remove any spending temptation.

2. Check Your Insurance Rates

Call or visit your insurance company’s website for discounts. For example, most insurance companies offer a discount for taking a “Defensive Driving” Course or for purchasing cars with certain safety features like full-front airbags. Also, some companies will offer you a discount if you pay the full 6 month premium upfront.

3. Negotiate Costs With A Cash Incentive

Many service vendors are willing to lower the price of their services if you pay in cash. Even a 10% discount will go a long way.

4. Make Smart Use Of That Extra Change

Remember the days of cash when you came home with change in your pocket or purse? Some of us emptied out those pockets into a piggy bank of sorts, letting the money grow day by day until we brought it over to the local change deposit and exchanged for cash. In today’s world, you need not walk around with jingling change. I recommend downloading Acorns, an app that encourages “mindless saving”. With Acorns you link any checking account or card and each purchase is rounded up to the nearest dollar, with the option to invest the spare change. There is a management fee, anywhere from $1-$5 a month depending on your membership level. This app takes the guess work out of saving and is great for those who struggle in this department

5. Always Ask For An Itemized Bill

You would be surprised how much extra “padding” you’ll find in everything from healthcare costs to car repairs. Next time you are surprised with a large bill, ask for it to be itemized. You will sometimes find items you don’t need or you might in fact be wrongfully billed.

6. Cut The Cord

Cable is insanely expensive these days! Just last year I found myself paying $170 a month for cable and internet. After much debate with my cable provider I cut the cord and opted for a cheaper internet only package and started subscribing to Netflix and Hulu instead.

7. Cut Down On Your Miscellaneous And Entertainment Budgets

The average American spend $232 a month on meals outside the home. That money put into an investment fund every month over 10 years with a 7% interest rate will yield $40,000. Limit yourself to 1-2 nice nights out a month and pay in cash when you go-you’ll be less tempted to splurge. Also, those miscellaneous items sure do add up. The morning coffee, late night Uber, or even that new blouse all seem like small expenses at the time but can easily turn into thousands a year!

8. Look Into Less Expensive Versions Of What You Have Now

Maybe switching from branded to private label toilet paper won’t save you a ton every month. However, there are some great ways to save money by trading down on things you use now without sacrificing quality. For example, switching to pre-paid cell phone plans like Tello (paid link). In 2018, on average, consumers spent $99/month on a cell phone plan (1). Tello offers pre-paid plans from $5 to $39/month saving you anywhere from $60-$90/month. Tello offers nationwide coverage, no fees, and no contracts. Services like this are great for individual users looking to minimize their monthly expenses.

This article was originally published teachingcentsability.com.