Look at Your Bills
What bills are you paying every month? Every year? Are you paying too much? A few years ago, I cut my cable tv subscription, because I realized I wasn’t using it. I replaced it with an Amazon Prime account and a Hulu subscription (I already had Netflix). This is still much cheaper than what I paid for cable tv. If you’re not ready to cut cable, consider cutting back on movie channels. Don’t have any movie channels? Call the cable company and see if there are any promos going on. Even a $10 discount on your bill will save you $120 a year.
Make a Budget
Charitable Donation Deductions
If you itemize your tax returns, you can take a deduction for each charitable contribution that you make (provided that you have a receipt). This doesn’t have to be money contributions. This also counts for items taken to Goodwill. I use Its Deductible to help me value and track the physical items that I donate to Goodwill throughout the year. Sure, it’s not a huge deduction, but it does keep a bit of money in my pocket and it’s a great way to do something good for someone else. Plus when I donate physical things, I’m also cleaning out my house, which is a great feeling.
Take on a Financial Challenge
If you missed it, last week I talked about challenging yourself to save a dollar a day. Sure, it’s only $365 by the end of the year. But that $365 can be used for a lot of different things or it could even be invested for the future!