Your Guide to Saving Money in 2017

Who doesn’t want to save more money in 2017? Whether you are saving for retirement, for a vacation, or to make sure you have an emergency fund, anyone can save in 2017. It will take some discipline, but here are some things you can do this year to grow your savings.

  1. Establish some goals. Some of these ideas for saving money are well known. If you want to save, you should have a goal. Whether it’s $10 a month or $1,000, you need a clear-cut goal.
  2. Make a budget. Again, this is nothing new, but making a budget will force you to analyze your income and expenses. Knowing where your money is going is one of the keys to saving more.
  3. Eliminate unnecessary expenses. This list can include many items, and we will touch on several.
  4. Get rid of cable TV. TV subscriptions can be an expense that costs the average household $100 a month. With today’s technology, you can receive the major network channels for free with an HD antenna. Services like Hulu, Netflix, and Sling TV are cheap and offer all sorts of programming. You can save loads of money each month by eliminating basic cable.
  5. Change your grocery shopping. Use coupons and buy items when they are on sale. It requires a little bit of time and research, but a household can save several hundreds of dollars over the course of a year.
  6. Reduce your energy costs. Use a programmable thermostat to control the heat in your home. Lower the heat on your water heater (it’s probably set too high) and replace all your light bulbs with energy efficient replacements. You will be surprised at the savings in your utility bills.
  7. Shop for auto and home insurance every year. The insurance industry is super competitive. Each year before your premium is due, get a few quotes. It never hurts to make sure that you are not paying too much. If you can save $100 for an hour or two of work, the result is worth it.
  8. Consolidate your debt. If you have some high-interest credit card debts, consider consolidating them and paying them off quickly with a car title loan. If you own a vehicle, you may be able to take out a car title loan from Embassy Loans and have your credit card debt paid off within a year.
  9. Transfer debt to lower interest credit cards. If you cannot consolidate your debt, consider a balance transfer to a new card that offers a zero-cost transfer and lower interest rates. The lower interest rate can help you pay down the balance much quicker.

These are just a few of the steps you can take to save more money this year. Trying just one will surely add money to your bank account. Add a few more and reach your savings goal for 2017.