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Tips to Save

Americans have many ways they can save money these days. Several attributes go into saving money including credit, debt, entertainment, family and friends, health, food/resources, and transportation. Going into the second half of this year, there are ways to cut costs of everyday expenses that could save you hundreds of dollars a year. While we notice the obvious large expenditures that we spend throughout the week, month and year, we tend to disregard the small expenses we spend that can add up over time.

One of the major everyday expenses that tends to add up quickly is eating out. This ranges from coffee stops on the way to school or work all the way to picking up lunch in between stops or grabbing dinner before heading home. If this becomes an everyday habit or even once every few days, it can add up to be a large expense by the end of the year. Some ways to combat this habit is to actually purchase a coffee machine for your home that you will use every day. It would also be beneficial to purchase a lunch box or other items that will make it easy to take lunch to work. These small steps will help you save a significant amount of money.

Another way to eliminate your expenses and begin to save money is by recording your spending. It starts by finding a creditable source to keep track of your funds. There are many useful apps now available to track budgeting on your smart device or you can use the technology-free option of paper and pencil.  This is a good way to see how much you are actually spending versus what you can spend. While this can be time consuming, it will show you how to change habits and grow your savings.

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