Here are 5 quick hacks to trim your budget this month:
- Review your subscription services. Go through all your monthly subscriptions like streaming services, monthly boxes/deliveries, gym memberships, etc. and cut out any you aren’t really using or getting value from. Even cutting out a few $10/month subscriptions can add up.
- Meal plan and shop bulk. Take some time to really plan out your meals for the next few weeks and make a grocery list accordingly. Stick to that list when shopping and buy ingredients in bulk when you can to save money. Planning ahead helps you save money and reduce food waste.
- DIY inexpensive gifts if needed. If you’ll need gifts this month for birthdays, holidays or other occasions, challenge yourself to make them instead of buying them. Homemade baked goods, handmade cards or inexpensive homemade bath products often impress more than an impulse buy gift anyway.
- Have a no-spend challenge. Commit to a no-spend challenge for a set period of time whether it’s a weekend or a whole week. See how much you can limit non-essential spending when you really try. It can be eye opening just how much incidental or discretionary spending adds up.
- Slash a key area. Look at one of your more costly monthly expense categories like dining out, entertainment, shopping etc. and commit to slashing it dramatically for the month. Can you spend 50% less on restaurants? Only shop from what you already have for a month? Getting spending way down in one key area can make a big dent.
Even small tweaks like these add up over a month and help you rein in your budget. Give some a try this month!
Sam Talissa is a renowned expert in the fields of digital marketing and strategic planning. With an illustrious career spanning over two decades, Sam has played pivotal roles in shaping the marketing strategies of several Fortune 500 companies, start-ups, and mid-sized organizations.Born and raised in San Francisco, Sam's passion for business and marketing was evident from an early age. He pursued this interest acadically, earning a Bachelor's degree in Business Administration from the University of California, Berkeley, followed by an MBA from Stanford University, with a specialization in Marketing.Upon graduation, Sam embarked on his professional journey, working with various technology giants in Silicon Valley. His innovative approach to digital marketing and keen understanding of consumer behavior quickly distinguished him in the industry.After a decade in the corporate world, Sam transitioned into consulting, leveraging his expertise to help businesses navigate the complexities of the digital marketing landscape. His holistic approach encompasses everything from content creation and SEO optimization to analytics and conversion rate optimization.In 2020, Sam took on the role of an author, publishing his first book titled "Navigating the Digital Seas: A Comprehensive Guide to Digital Marketing". The book has since become a go-to resource for aspiring digital marketers and business owners looking to amplify their online presence.Apart from his professional pursuits, Sam is an ardent supporter of financial literacy and often holds workshops and webinars to educate people about the importance of managing personal finances.In his spare time, Sam enjoys exploring the hiking trails of California with his golden retriever, Max, and experimenting with gourmet cooking. Always eager to learn and grow, Sam embodies the spirit of continuous improvement, both personally and professionally.
View all posts
Related
