As an individual who is finance minded, I am constantly on the lookout for ways in which I can save money. I know from past experiences that the best place to look for savings is my own personal spending. So, I've done some digging and managed to come up with three places that I will be able to slash personal spending this New Year in order to save.
Costly Cable Modem Rental
After looking at my cable bill I found that I am actually paying to rent my cable internet modem. This might not seem like much, but the actual rental cost is $8 per month, or $96 per year. I've already gone online and priced a modem that is just as good as the one I rent and found that it will only cost me $50 to buy, which includes shipping. So, I will instantly save $46 in the New Year and then even more as time goes on.
The Check is not in the Mail
This one is not something that I thought of right away, because I've always been the type of person to pay my bills with good old fashioned snail mail. After some prodding from my wife though, I've decided to go all online with my bill paying in the New Year and once I decided that I thought about an unexpected savings.
Each time I was mailing a bill away I had to provide postage of $0.45. I average mailing out 11 bills each month, which comes out to $4.95 each month. Over the course of a year that means I was spending $59.40 on mailing bills out. Now that I have joined the rest of the world in paying my bills online, that amount will be savings coming back to me and my family.
Go Out with Coupons
Okay, this tactic is all my wife's doing. We love to go out to eat at least once a month and when we do we typically drop around $100 when it's all said and done. To combat this, my wife has already signed us up for free services online, such as Groupon and Living Social, and we already have a coupon for a two-for-one deal at one of our favorite restaurants. Assuming we can find at least four deals like this in the New Year that will be around $200 in savings for us.
Any Savings is Good Savings
These savings may not seem like much, but if I execute them all in the New Year as I plan on doing, I will realize a savings of over $300 for the year. While it's not a huge amount of money, it is nonetheless a savings, which is always a good thing in my book.
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