Many of us are feeling the pinch these days as costs increase. But even if you aren’t feeling the squeeze, who doesn’t want to save a few bucks? Here are a few tips to save in your day to day:
Stick to a budget.
You know this tip already, but it’s worth repeating because those who budget are better able to adapt to changes in their finances, according to the Financial Consumer Agency of Canada. With a budget, you’ll have a better idea of what you’re spending money on and where you can cut back. Plus, there are countless online tools and apps available to help streamline the process.
Re-evaluate your subscriptions.
So many services these days offer free trials that auto-renew, so review your bank statements for recurring monthly costs like cable TV, streaming services or magazine delivery. Chances are there’s at least one you’re not using regularly, so make the choice to cut it loose.
Automate your savings.
This simple step makes it easy to pay yourself first; saving becomes like a must-do bill payment, except you’ll be the one to reap all the benefits! Remember, it doesn’t matter how much you put away at a time; every little bit makes a difference.
Join a loyalty program.
Racking up rewards based on purchases you’ll already be making, like groceries, is one of the easiest ways to save money. With a program like Air Miles, you can get promotions and discounts on your everyday shopping. Then you can get cash back or dream-worthy products, from video games to home appliances. If you pair your program with an affiliated credit card, you can get even more Miles on any purchase, plus perks like travel insurance.
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