The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Contact
  • Subscribe
  • Submit an Article
  • Books
  • Categories
  • Coaching
  • Book Lynnette
  • Money Coach University™
No Result
View All Result
The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Contact
  • Subscribe
  • Submit an Article
No Result
View All Result
The Money Coach
No Result
View All Result

Money-Saving Tips: 4 Ways to Save More Money

Lynnette Khalfani-Cox, The Money Coach by Lynnette Khalfani-Cox, The Money Coach
in Saving Money
Reading Time: 3 mins read
save more money
9
SHARES
144
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

One out of four Americans plans to make New Year’s resolutions about money, according to a new survey from Sallie Mae.

According to Sallie Mae, 21 percent of consumers want to save more cash.

If you could stand to bolster your bank account, here are four ways to save more money and help you keep more of your hard-earned dollars:

1. Join a membership organization

Of all my tips to help you save money, joining a membership organization can be incredibly effective and easy.

For example, AAA members get discounts on everything from hotel stays to passport photos.

People 50 and older can join AARP and receive benefits ranging from reduced rates on health and life insurance to savings on shopping, dining, travel and more.

Even professional organizations and civic groups offer various financial perks to their members.

2. Extend the life of your car

I know that Beyonce recently reportedly bought Jay-Z a $2 million sports car, but chances are you’re not such a high roller.

Still, if you were contemplating buying a new or used car in 2011, that could cost you thousands of dollars in new car payments, more expensive car insurance and more.

Instead, save yourself big bucks by extending the life of your current car — one of the most important ways to save more money.

With today’s technology, it’s not uncommon for cars built in the year 2000 or later to be able to log 150,000 to 200,000 miles.

“Routine vehicle maintenance is the best way to keep your car running,” says Jeff Santana, manager of the AAA Car Care Center in Springfield, N.J. “Regular trips to your mechanic can mean the difference between tens of thousands of miles in your car’s life.”

Also, review your owner’s manual for guidelines and service schedules that will tell you how often you should do routine maintenance, such as changing your car’s oil, rotating your tires and replacing things such as the water pump or timing belt.

3. Re-run your numbers

Everyone should have a good idea about the numbers that are driving his or her household budget, specifically how much money is being spent each month on things such as food, utilities, credit cards, insurance, etc.

Go over each of your major categories of spending early in 2011 and contact each creditor you’re paying to ask about discounts.

Can you shave 10 percent off your cable bill? Will your credit card company lower your interest rate?

And what about your auto insurance? Have you shopped around lately to make sure you’re getting a competitive rate?

Comparison shopping to lower your existing bills can save you thousands of dollars annually, keeping more money in your pocket.

4. Do it yourself

Paying other people for services that you can do yourself can get awfully expensive awfully quick.

Sometimes it’s necessary to pay others for things when you lack the time or expertise to do something — say babysitting when you have to work, or putting down new tiles in your bathroom.

But if you have the ability, by all means, consider tackling certain projects yourself to save cash. Your investment will be spent in time, and not dollars.

For example, there are a host of areas where we pay for services that we can definitely do on our own, such as lawn mowing, shoveling snow, basic hair services, manicures or house cleaning.

The key is to identify areas where you’re shelling out cash that could be better saved if only you could take on various tasks yourself.

All of these strategies, if carefully and regularly implemented, can fatten your bank account not just in 2011, but for years to come. Do you have any tips that help you save money? Please share them below.

Tags: financial new year's resolutions
Previous Post

5 Questions You Must Ask Before Filing Chapter 7 or Chapter 13 Bankruptcy

Next Post

Hire an Ex-Offender and Get Paid

Related Posts

chuttersnap

How to Save Money at EV Charging Stations

by AskTheMoneyCoach

Congratulations on joining the exciting world of electric vehicle (EV) ownership! As a first-time electric car owner, understanding electric car charging stations is essential for a seamless and cost-effective charging experience.  This comprehensive guide will equip you with all the information you need about EV charging stations and provide valuable...

shopping tips

10 Shopping Tips to Save Money on Groceries

by Lynnette Khalfani-Cox, The Money Coach

Here are 6 shopping tips for people feeling pinched at the grocery store.

inflation

15 Ways to Fight Inflation, Higher Interest Rates and a Recession 

by Lynnette Khalfani-Cox, The Money Coach

All across the country, Americans with financial concerns are worried about three big challenges: inflation, higher interest rates and the economic fallout from a recession.  Although it’s easy to get caught up in news headlines like “The Federal Reserve Plans To Raise Rates Again,” it’s not a good for anyone’s wallet...

emergency fund

How Much Do I Need in My Emergency Fund During COVID-19

by Lynnette Khalfani-Cox, The Money Coach

According to a Bankrate survey, 23 percent of respondents said their biggest financial regret is not having enough money in their emergency savings to withstand the COVID-19 outbreak. The coronavirus pandemic has impacted the financial standing of many Americans. While jobless claims have fallen since late March, nearly 18 million...

Rich Peoples Habits - Save Like a Millionaire

6 Powerful Ways to Save Like a Millionaire  

by Guest Blogger

Did you know that more than three-quarters of today’s millionaires are self-made and started as middle class or lower? Also, data shows that it takes most people an average of 32 years to reach their first million. Most millionaires are not an overnight success. As a result, up-and-coming millionaires learn...

Save money on travel

3 Websites to Save $1,000 or More Off Your Travel Costs

by Lynnette Khalfani-Cox, The Money Coach

If you’re like me, you love to travel, but you also love to save a buck. Saving money isn’t always easy when you’re on the road. Costly hotel bills, high airline fares, steep rental cars fees and other travel expenses can all add up quickly. Thankfully, however, you don’t have...

how to save on groceries

How to Save Money on Groceries

by Lynnette Khalfani-Cox, The Money Coach

Grocery bills really add up for the typical American family. The average U.S. household, with a family of four, spends nearly $800 a month on groceries. Here’s how to slash your food spending, cut your grocery bill in half and save money on groceries. Don’t fall for marketing tricks Retailers...

Load More

Popular Posts

  • Car repair

    What to Do If You Can’t Afford a Car Repair Bill

    1517 shares
    Share 607 Tweet 379
  • What to Do if Your Spouse Stole Money From You

    1299 shares
    Share 520 Tweet 325
  • What to Do If You Can’t Afford to Leave Your Spouse

    1261 shares
    Share 504 Tweet 315
  • Here’s Why I Pay My Kids For Good Grades (And Maybe You Should Too)

    1122 shares
    Share 448 Tweet 280
  • What Do All Those Strange Codes In My Credit Report Mean?

    894 shares
    Share 358 Tweet 224
  • Which Credit Report is More Important: Equifax, Experian or TransUnion?

    855 shares
    Share 342 Tweet 214
  • Do This Now If Your Wages Were Not Reported

    849 shares
    Share 339 Tweet 212

Categories

  • Bankruptcy
  • Budgeting
  • Building Wealth
  • Careers
  • Couples and Money
  • Coupons and Deals
  • Covid-19
  • Covid-19 Video
  • Credit Cards
  • Credit Reports
  • Credit Scores
  • Crypto
  • Debt
  • Entrepreneurship
  • Family Finances
  • Featured
  • Identity Theft
  • Insurance
  • Investing
  • Loans
  • Paying for College
  • Personal Finance
  • Press Releases
  • Real Estate
  • Retirement
  • Saving Money
  • Scams
  • Student Loans
  • Taxes
  • Uncategorized

All information on this blog is for educational purposes only. Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney. If you need specialty financial, investment or legal advice, please consult the appropriate professional. Advertising Disclosure: This site may accept advertising, affiliate payments or other forms of compensation from companies mentioned in articles. This compensation may impact how and where products and companies appear on this site. AskTheMoneyCoach™ and Lynnette Khalfani-Cox, The Money Coach® are trademarks of TheMoneyCoach.net, LLC.

©2009-2023 TheMoneyCoach.net, LLC. All Rights Reserved.

RSS / Sitemap /Submit an Article / Privacy Policy / LynnetteKhalfaniCox.com

No Result
View All Result
  • Books
  • Categories
  • Contact Lynnette
  • Get Coaching
  • Book Lynnette
  • Money Coach University™
  • Home
  • Subscribe to Newsletter
  • Submit an Article

©2009-2023 TheMoneyCoach.net, LLC. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist