It’s almost a new year and time to start fresh! Here are 5 things to do in January to start the year right.
1. Track Spending for One Month
Make a commitment to track your spending for one month. It is OK to spend normally, as long as you are tracking it throughout one whole month. Then, at the end of the month see where most of your spending is going and what areas you can cut back on to add to your savings.
2. Shop Christmas Clearance
Wait for items to clearance out to 75% off or even 90% off and stock up. CVS and Dollar General are 2 stores that go down to 90% off. Make a list of any birthdays or special occasions you will be buying for throughout the year. Then, wait for deep discounts to score gifts for a fraction of the price.
3. Negotiate Lower Rates
Have you been consistently making payments on a credit card? Being in good standing is a good time to negotiate a lower rate, simply call and ask if you qualify for a lower interest rate. The worst that can happen is they say no. Also, look at an itemized cell phone, cable, etc. bills to see if anything can be cut out.
4. Check for unclaimed money
One in ten are owed money they forgot about or didn’t know about! Go to National Association of Unclaimed Property Administrators to search for your unclaimed property. It costs nothing to search.
5. Reconsider Subscription Services
Make a list of all current add-on or subscription services you currently have. Can you live without any of them? If yes, that is more money monthly that can do to savings or debt payments.
Learn more Money Savings Tips! We are here to help you Save to Survive in 2022 with creative ways to trim your budget, save on groceries, afford Christmas gifts and more. Join the SavEars community of friends.
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