You must be aware of this fact by now that saving a few bits and nuggets and curbing your spending habits just a bit will add up to significant savings over time. Ditching the daily desire for Starbucks, bringing lunch to work, and cutting back on weekly head wash and manicures could "earn" you hundreds of dollars per year that might go up to the extent of $100,000 over the course of a decade.
Let’s disclose 3 tips that’ll amount to a good saving of yours in the long run:
1. Leasing a car
Suze Orman elaborates this one - "A shiny new car every three years seems so enticing. But have you every stopped to consider the cost? If you are leasing and trading in, and then leasing again, you never own the car free and clear. You will be making monthly payments forever. That is a colossal waste of money. If you instead follow my advice and take out a three-year loan, you will own the car free and clear after 36 months. Given the dependability of cars these days, that could mean you could keep driving the car for five, seven or even more years (depends on your mileage) without having a loan payment. That gives you years when you can be saving more for other important goals — such as retirement-rather than continuing to throw money at your depreciating car."
2. Shipping Fees
Online shopping has increasingly become the craze of the era, and as more retailers offer free shipping, it's difficult to justify ever paying for it. Even if you can't reach the amount required to win free shipping, you have options. Get in touch with websites like FreeShipping.org for shipping codes, or rather have your items shipped to a nearby store and pick them up for free.
3. Cable TV
If you can live without the 900-plus channels, cut that cable TV down and keep the high-speed internet so you can stream online movies and shows straight to your TV. You know you’ve got amazing web series and movies to binge watch on Netflix, Amazon Prime, Hulu etc.
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