Common Money Saving Tips - Phynance Web

1. PHYNANCE Web Common Money Saving Tips Phynance Web Editors@phynanceweb.com www.phynanceweb.com

2. Use these best money-saving tips to get ideas about the best ways to save money in your daily life. Eliminate Your Debt Set Savings Goals Pay yourself first Quit Smoking Take a “Pause” Spend to Save Utility Savings Create an Interest Account Annualize Your Expenses

3. Eliminate Your Debt If you are trying to save money through budgeting but still incurring heavy debt, start with debt. Not con- vinced? Add up how much you spend each month to pay off your debt, and you’ll see it quickly. Once you are free from paying interest on your debt, that money can easily be channeled into sav- ings. A personal credit line is just one option for consolidating debt so that you can pay it off better.

4. Set Savings Goals One of the best ways to save money is to imagine what you are saving. If you need inspiration, set savings goals with a time frame to make saving easier. Looking to buy a home with a 20 per- cent down payment in three years? Now you have a goal and know what you need to save every month to achieve your goal. Use the Area Savings Calcu- lator to set your goal!

5. Pay yourself first Set up an auto debit from your checking account to your savings account every payday. Whether it’s $50 every two weeks or $500, don’t deceive yourself with a healthy long-term savings plan.

6. Quit Smoking No, it’s certainly not easy to quit, but if you smoke one and a half packs every day, which is about $3,000 a year, you can feel the savings when you quit. According to the Centers for Disease Control, the percentage of Americans who smoke cigarettes for the first time since at least the mid-1960s is now less than 20 percent—join the club!

7. Take a “Pause” While the term may be trendy, the idea behind it is solid: Instead of dropping sev- eral thousand on airline tickets overseas, look for fun closer to home in your backyard. If you can’t run the distance, look for cheap flights in your area.

8. Spend to Save Let’s face it, utility costs rarely add up over time, so take charge now and make your home weather-friendly. Call your utility company and ask for an energy audit or find a certified contractor who can give you a review of energy efficiency throughout your home. This will range from simple fixes to sealing windows and doors to installing new insulation, siding, or Energy Star high-efficiency appliances and products. You can save thousands in utility costs over time.

9. Utility Savings Lowering the thermostat on your water heater by 10°F can save you 3-5 percent in energy costs. And installing an on-demand or tankless water heater can save up to 30 percent com- pared to a standard storage-tank water heater.

10. Create an Interest Account For most of us, keeping our savings separate from our checking accounts helps reduce the tendency to borrow from savings over time. If your goals are more long-term, consider products with higher yield rates like Region CDs or Region Money Market Accounts for better savings.

11. Annualize Your Expenses Do you pay $20 a week for break- fast at the vending machine in your office? That’s $1,000 you’re taking out of your budget for soda and snacks each year. Suddenly, that habit adds up to a considerable amount.

12. About Phynance Web Phynance Web is one of the best Guest Post submission sites where you can publish finance-related content at a low price cost. We accept all types of content for finance, share market, and crypto categories. You can share your content related to financial tips, and stock marketing tips on our website. Submit Your Content Now!

13. PHYNANCE Web Write For Us Editors@phynanceweb.com www.phynanceweb.com