5 Ways To Scrub Down Your Spending

5 Ways To Scrub Down Your Spending

 

There’s something about Spring that makes you want to start fresh.  Clear the clutter from your home, your mind and prepare for a shiny season.  That’s me, anyway.  What about you?  When I start looking over all of the things I’ve purchased – and hardly used – I see dollar signs floating out the window.  What a waste!!!  Here is a list of 5 ways to scrub down your spending so hopefully we can all think twice about our purchases and be wiser.

1. Polish Your Budget

As a rule, you should be reviewing your budget frequently. Spring is a great time to take a comprehensive look at where your money is going and make changes to meet your goals. You might find a recurring membership or subscription is no longer necessary, or that you’re spending way more than you realize on dining out or retail therapy. Ultimately, digital tools like Mint will help you quickly identify areas for improvement.

2. Eliminate Impulse Buys
Making unnecessary purchases represents a huge leak in your budget and must be plugged immediately! Recognize when you’re most likely to make an impulse buy, and on what; do you always grab a treat at checkout, or find yourself at the department store after a stressful day at work? If so, eat something before running errands and call a friend or go for a long walk to blow off some steam (without blowing up your bank account!).

3. Scour for Savings
By now, most consumers realize paying full price for anything is pretty foolish. Eventually, everything goes on sale, whether it’s a car, big appliance or the latest fashion trend. Before you buy anything, always look for a coupon or discount to reduce the cost. This can be as easy as finding a coupon code through sites like CouponSherpa.com, or holding off for a big sale weekend or end-of-season clearance to make your purchase.

4. Uncover New Strategies
In addition to coupons and sales, there are several ways to save money on purchases, and now is a great time to add them to your arsenal. While shopping online, you can use Ebates to earn cash on items you already plan to buy. Discount gift cards represent a great way to enhance savings, especially when you shop for the deepest discount through sites like GiftCardGranny.com.

5. Soak Up Rewards
Many of us use credit cards on everyday expenses to rack up reward points and offset travel plans or earn gift cards. This is a great strategy (as long as you pay off those balances!) but it’s hard to know which credit card will give you the most rewards for specific purchases. Enter Wallaby, a digital tool that analyzes your credit cards and recommends the best card to use to optimize rewards.

 

(*I was presented with these ideas and thought it important to share this information, provided with permission by:

Andrea Woroch is a consumer and money-saving expert for Kinoli Inc. From smart spending tips to personal finance advice, Andrea transforms everyday consumers into savvy shoppers. As a sought-after media source, she has been featured among such top news outlets as Good Morning America, Today, CNN, Dr. OZ, New York Times, MONEY Magazine, Huffington Post, Forbes and many more. For more information, visit AndreaWoroch.com or follow her on Twitter for daily savings advice and tips.

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