4 Ways to Instantly Reduce Your Spending | Cleveland Bradley County Teachers Federal Credit Union

Prices these days are on the rise. But finding ways to save doesn’t have to mean drastically changing your habits. Read on for a few easy tips for cutting back.

Cancel Your Monthly Subscriptions

The average consumer spends way more than he or she realizes on subscriptions each month. Everyone has had times where they don’t utilize their digital monthly subscriptions.

Because the cost of streaming services can add up, do not hesitate to cancel the ones you are not regularly using. These services can always be reactivated if you really need them.

Don’t Be Fooled by Store Credit Cards

There are plenty of stores that offer in-store credit cards which typically boast a cash back percentage. While these may seem enticing, it is way more cost-effective to not make the purchase in the first place.

These businesses hope that signing up for a store credit card will entice you to shop there more often, even if it’s for unnecessary purchases. Even a relatively high discount like 5% is not that much compared to what you need to spend to reap any notable rewards.

Organize and Declutter Your Home

Staying organized and having essential tools and products in designated spaces can help reduce the chance of repurchasing products you already have. These can commonly include items like tape, hand sanitizer and cleaning products.

Additionally, taking an inventory and assessing your possessions may shed light on things you do not need. Selling your extra, unwanted stuff can be a great way to clean up your space as well as earn some additional income.

Consider Buying Store Brands Rather Than Name Brands

While not always the case, a vast majority of the time, the store brand groceries are cheaper than the name brand ones. Buying these products can save on food costs without sacrificing quality.

In fact, generic and name brand products can sometimes contain the same ingredients and be manufactured in the same factory.

Whether you choose to implement one or all of these tips into your everyday life, one thing is clear: Saving money doesn’t have to mean a drastic overhaul of your lifestyle. Simple, small changes can compound into big savings!

If you’re ready to start saving, contact us today for more information about our accounts and services.