Only drink water when you dine out
The average family of five spends upwards of $70 to dine out together, estimates Jeff Speight, CFP wealth advisor at Tanglewood Total Wealth Management, but you can easily cut that down by $12 by skipping one thing: Drinks! Chances are high you probably need more water, anyway, so why not save the juices or the glass of vino for when you arrive home and go the free route of H20 instead. If you dine out several times a week, you’re looking at nearly $100—and more hydrated bodies! Find out 17 money-saving tips from great savers.
Focus on debt first
The hard truth of saving money is that before you can truly make a strategic plan, you must rid of your debt first. From credit card expenses to student loans, it’s most important to decrease what you owe ASAP to avoid paying even more through interest, according to Marcy Keckler, vice president of Financial Advice Strategy at Ameriprise Financial. “Don’t be afraid to negotiate with lenders, because in some cases all you need to do is ask.”