Tips for Saving Money and Reducing Expenses

Our goal is to help you get out of financial trouble, stay out of financial trouble and give you a vision of a successful financial future (own your own home, money in the bank and ready to retire).

We’ll meet with you to examine at your financial situation in detail to see how you can reduce or eliminate unnecessary expenses and become debt-free and stay debt-free; but here are some general tips and suggestions for saving money that we think anyone can use:

1. Have a plan/ use a list to avoid unnecessary “splurge” purchases at the grocery store (and/ or Walmart, Target etc)

2. Check prices online in case the online price is less than the in-store price

3. Buy generic or store brands

4. If you are buying an item online, check a few different websites as prices can vary by store/ website; look for discount codes and free shipping; see if you can find the item refurnished (or like-new on a website such as Facebook Marketplace)

5. Watch movies at home instead of the movie theater; borrow books and movies from the library

6. Cook your own meals/ eat at home and bring your lunch to work (make a meal plan for the week; look for sales); make your own coffee instead of buying at a coffee shop

7. Request generic prescriptions instead of name brand; check prescriptions prices using a website such as goodrx.com as medicine prices can vary by pharmacy

8. Shop insurance (home and auto) to make sure you are getting the best rate

9. Cancel any unnecessary or unused services (such as a home phone line if you have a cell phone); shop the best cable/ internet/ cell phone rates

10. Use energy-efficient light bulbs and appliances to save on electricity bills 

11. Eliminate/ reduce interest and fees from credit cards and personal loans. Speak to an attorney about reducing or eliminating your debts through debt consolidation, debt settlement, refinancing, Bankruptcy and/ or other options

We hope these suggestions help give you some ideas on easy ways to save money. Again, we are happy meet with you and look at your financial situation in detail and give you many more suggestions for eliminating your debt and reducing your expenses based on your situation. A part of our process for helping you out of financial trouble is also helping you set up and learn to live on a no-surprise budget. If you need to speak with an attorney, please Contact our office.