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4 Clever Ways to Save Money in 2017

Posted on 10 January 2017

Whether you’re experiencing the effects of overspending over the holidays or you are simply hoping to turn over a new financial leaf, making new financial choices for 2017 is a great way to get your year off to the right start. From making saving a priority to paying down debt, a few simple tactics will enable you to save more money this year. These clever ways to save money will give you a great set of tools as you begin.

Figure Out Where the Money is Going

One of the best ways to figure out where you need to save most is to find out where you are spending. Are you blowing more on your coffee shop habit than you realised? Do you eat out so many times a week that it has to be a line item in your budget? When you take a good look at what you’re actually spending, you may realise that it’s easier to cut some things out than you thought.

Make the Little Stuff Add Up

One of the hardest things about saving is feeling as though only the big numbers count. The good news is, little savings add up, too! From choosing a cheaper coffee shop where your morning brew is a little cheaper to finding a way to downsize your cable package, little decisions can make a big difference.

Clean Out Your Home

Let’s face it: your house is probably filled with items that you no longer need or want, but which other people might be able to put to use. Sell those items, then put that money straight into your savings account. You’ll be surprised by how fast it adds up!

Don’t Buy What You Can Borrow

Books, movies, and many video games can be rented for a much lower price than they can be purchased — and in the case of books, you can borrow them at your local library for free! Instead of spending money on entertainment that you’ll likely only use once, rent or borrow the item, enjoy it, and then return it.

This year, instead of making big, sweeping goals, try starting small. Little financial changes can have a huge impact in the year to come. If you need a little extra help getting your finances in order and a short term loan will help, contact us today!