SAVING money isn’t always easy – but a mom has listed several ways you can do this every month and shave hundreds off your bills.
Prices across the country continue to rise rapidly – with the latest inflation rate sitting at a four-decade high of 7.5%.
Everything has gotten more expensive from gas to food.
But luckily, a money-saving mom has shared her best ways you can save cash each month through a short video clip.
The mom, who goes by Amanda, shares her TikTok channel with her husband Nate.
Their Linktree page notes that they are retired “40 somethings,” that aim to help people save and earn more.
Amanda provided a list of tips, which we explain below.
First-off, cable can be unnecessarily expensive.
The average cable bill is $72.60 per month, according to a survey by Versus Reviews, while Decision Data has found it to be just over $217.
As a result, you may want to cut the cord and switch to a streaming service – which can be a much cheaper alternative.
For example, Netflix’s most basic package starts at $9.99.
This means you could save as much as $207 a month if you have a high cable bill.
Limit eating out
If you find yourself blowing up your cash every month on eating out, it might be time to start cooking.
According to Forbes, data from meal planning artificial intelligence platform wellio shows the average American spends $20.37 at restaurants versus just $4.31 per serving when cooking at home.
So if you eat restaurant food each day of the week – you might be spending more than $142 a week based on those figures.
That equals a little over $570 per month on each meal.
If you cooked at home, you would only spend $120.68 per meal – which equals savings of about $450 per month.
Work out at home
Having a gym membership won’t eat your monthly bill like the others above – but you could cut monthly costs by working out at home.
Research by Strong Home Gym shows that the average gym membership costs $50.03 per month.
But keep in mind, if you choose to work out from home – you’ll need to buy equipment if you don’t have it already.
Ride a bike or walk
When you can avoid driving, you should do so.
This could include taking a walk or riding your bike to a nearby park or a store.
The less you drive, the less amount of times you’ll need to fill up your gas tank per month.
If you have a cell phone, odds are you don’t need a landline in your home.
In 2020, Americans spent an average of $127.37 per month on their cell phone bill, according to CNBC.
The average landline bill is said to be $42 per month.
If you combined all of these tips, you may save up to about $750 per month.
For more on savings, a money coach shows you how to cut your grocery bill by $250 per month.
Stay-at-home mom Becky Guiles provided The Sun with 12 tips on how she cuts her family’s grocery bills by 60% each month.
Plus, a money expert reveals two expenses that could be ruining your budget.
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