15 Tips to Save Your Way to $1 Million
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8. Cut the Cable Cord
It’s likely that you are paying more than $100 for cable, but there are now may cheaper ways watch television. Instead, you can subscribe to Sling TV for $20 per month and still have access to channels like CNN, Comedy Central, and ESPN. If you get a $50 digital antenna you’ll still be able to watch local and big broadcast channels. By making the switch you can save $900 per year.
9. Use Cash Instead of Plastic
It’s far easier to spend more when using your debit and credit cards because you don’t feel the same sting as when you part with physical money. A recent study shows that consumers are willing to pay almost twice the price when they are using a card as opposed to cash.
Also, to avoid ATM charges don’t use an out-of-network ATM. Instead, use your local bank’s app to find ATMs in the area you are in, or switch to an online bank that doesn’t charge fees if you stray.
10. Get a Discount on Your Homeowners Insurance
A little home maintenance can go a long way. And any changes you’ve made to make your home safer can bring down the cost of your annual home insurance premium. If you install a home security system insurance companies Allstate and Nationwide will give you a 15% discount.
11. Slash Your Utility Bills
To cut down on your energy bills you can install a $25 programmable thermostat so that you can adjust your home’s temperature at will. During the summer, you can install solar screens or window films to stop the sun heating your house while the AC is switched on.
The water heater is the second largest utility cost in your home, and you can cut down here too. For every 10 degrees you turn the temperature down, you can save 3% – 5%. Also, by fitting low-flow fixtures you can reduce the amount of hot water you use by 60%.
