Many of us are feeling unsure about when life will return to normal. And that includes our day-to-day lives and finances. Regardless of what is going on around us, there are some easy and positive things that nearly anyone can do to save a little money that can really add up:
1. Buy in Bulk
We’re not encouraging hoarding! But it makes sense to buy in bulk. For example, the large container of cottage cheese is a much better deal per serving than small containers. Remember to bulk buy for things you can keep in the freezer or the pantry for later use. Items can include meats like chicken breast, canned tuna, and ground turkey. Finally, check the per pound ounce price and compare that against the single-serving prices.
2. Reduce Your Car Insurance Premium
Although it’s not that much fun to hassle with changing car insurance premiums right now, it might be the best time to find a great rate. The first thing to do is to make sure that you aren’t paying for more add-on services than you actually need. Then compare prices by gathering multiple quotes. There are online tools like insurify.com that compare insurance policies for you. You can also call up your current provider and ask if they can price match. You’d be surprised to learn that you might be able to get a discount just by asking.
3. Use Coupons
Of course, it’s a great time to save with coupons. Many major grocery chains and retailers offer digital coupons on their apps. You can download your local grocer’s app to take a look before hitting the store. You’d be surprised how much you can save by clipping and using coupons.
4. Cut Back on Subscriptions
You may find that you have several subscriptions that you aren’t using. If you have more time available, make a list of all of the subscription services that you’re currently paying for. This includes apps, TV streaming, and “physical” subscriptions, like product boxes and gym memberships. Decide what you can part ways with, permanently or just for a few months. Maybe you don’t really need multiple streaming TV subscriptions. Occasionally, you will uncover subscriptions that you haven’t used in months, and canceling those can add up to significant savings.
5. Keep Your Energy Usage Low
Every small amount counts when it comes to energy use. Look up and research energy incentive programs in your area. Some states encourage residents to reduce energy consumption between certain hours at a reduced cost. If you find that you’re home more during the current situation, it’s even more important to be mindful. You can do some easy things to help: Turn off the lights when you leave a room you aren’t in. Unplug electronics that don’t need to be plugged in. And during the colder seasons, turn down the heat and wear layers.