For most people, money is a limited resource. That’s a given. But how you spend and save can make it feel like you have much more to work with. Saving doesn’t have to be an uphill battle or painful.
With that said, we’re not going to suggest you have to spend hours clipping coupons. That costs you more in time than it saves you. Instead, know plenty of ways to save money that out feeling you’re missing out. In this article, we’ll look at what those are. And we’ll see how evaluating these three could create a savings cascade in other areas of your life.
1. See If a Medical Subscription Service Makes Sense for You
Healthcare is expensive if you don’t have insurance. That’s not going to change any time soon. Subscription services to see an online doctor can be a great way to save money.
These services provide you with the same high-quality care, often for 30-50% less than seeing. You can get benefits like sexual health, hormone replacement, cholesterol screening, or a sinus infection.
But will a medical subscription service save you money? Here’s what to consider.
Annually, the average person spends $12,000 on healthcare. If you don’t have insurance, that all comes out of your pocket. But chances are you’re in general, so you don’t spend that much.
So ask yourself these questions.
Are you getting recommended annual screenings? It’s important to identify disease risk early while you have the most power to reverse it. That could be things like diabetes and heart disease.
Would you put off treatment when you think you have a bladder infection because you don’t want to spend the money? What about mental health? Are you letting finance-related anxiety and depression drag you down? Those can make it even harder to save money.
These choices can have both short-term implications and longer-term health and financial consequences. You may think you’re saving money by skipping the checkup. But in the long run, it can cost you more.
2. Evaluate Why You Buy Brand Name Items
We could title this “buy generic”, but there’s a human need behind why people feel they need the brand name. And it’s not always because it “tastes better”, “works better”, or “lasts longer”. Although, you might have convinced yourself that’s the reason.
Sometimes it’s true. The brand name is better. But more often, the generic is produced by the same company that makes products. If it is a separate private label manufacturer, it’s rarely sub-par. Generics have a high-profit margin for manufacturers and your local grocer. So it’s worth their while to make it decent.
Identifying why you choose to40% spend more on brand names when there is a generic version is more likely to help you save money. The bitter truth is that most people see the things they buy as an extension of who they are. They want to portray a specific particular, both themselves and others.
Buying brand names says, “I say this”, “I’m good enough”, and “I worked hard, and now, I’m going to enjoy this”.
OftentimeOftentake this too far. You might always buy brand names and never try generic. Or you might spend way too much on status brands like Gucci to up your perceived self-worth, but you’re not fooling anyone. Self-worth comes from within, not a bag hanging on your arm.
Let’s take a different approach. There’s nothing wrong with pampering yourself or having nice things. But be selective. Buy brand when n it matters, maybe 10-20% of the time. Then save the other 80-90% from padding accounts or having money to spend elsewhere. Your budget will thank you.
3. Review Your Subscription Renewals
Subscription services have become a way of life. And you get a lot of usefulness and enjoyment out of them. These can take all shapes from pro,ductivity app subscriptions to entertainment to meditation. But there is such a thing as too much of a good thing.
If you’re not paying attention, you’ll pay for subscriptions for months or years that you don’t even use. This can add up to a whole lot of money wasted. You could have saved it for things you want and need.
To make subscriptions easier to manage, have them all out of informant. That way, it’s easy to review them all at once 2-to 3 times,s a year. For each subscription, ask if you use it or will use it in the neshortlyit’s a subscription service for something you need less often, like an online doctor; you should probably have used it within the last month.
Add calendar reminders any time you sign up for a free trial. Now, don’t forget to cancel it before the trial end dates. Unless you’ve got incredible organizational skills, it’s usually not a good idea to have more than one free trial running at once. It can quickly get out of hand, and you end up spending money you didn’t plan to.
Make it a habit not to give into promin tools immediately after or during a cancellation. They’re trying to lure you back in. It’s usually a mistake.
Keep an eye out for price increases. Ask yourself if it’s still worth it at this price periodically. Where posDisableewals, so they have to ask you before charging you again. And think hard before paying annually rather than monthly to save money. Sometimes this is w For others, and it comes back to bite you.
Easy Ways to Save Don’t Have to Be Hard
It’s true.e. Saving money is not difficult, and you don’t have to feel deprived. Once you evaluate these three ways to save, it will open your eyes. You might suddenly start to see the savings everywhere and save even more.