Savings Day – Spend Less, Save More

The easiest way to save money is to simply spend less.

Americans’ most common expenses go towards housing, cars, food, insurance, healthcare, and entertainment. Now there are ways to spend less and save more in each of these areas. The largest expense is typically housing. How can you reduce your rent or mortgage? Consider moving, refinancing, taking in a roommate, or you can ask to work off some of your rent. How about your car? If the payments are burdensome, you could sell it and buy an older reliable model with cash. Could drive less and bundle your trips to reduce gas usage? Food’s our comfort in times of stress. Meal planning, grocery shopping, and stocking up on sales, will enable you to reduce eating out and save you a lot of money. Carry snacks and refillable water bottles to avoid unnecessary expense. Prepare meals ahead of time so you’re not tempted by drive-thrus. Some phone calls can reduce your insurance costs. See who your friends or family recommend. Do the same with your phone, cable, or streaming plans. Companies want to avoid losing customers so see if they’re willing to work with you. Have you ever totaled your monthly entertainment costs? If you’re surprised, determine what you can live without. Replace it by spending time outdoors, building relationships with neighbors, and volunteering to serve others. Spend less, save more. Ask the Lord to bless your efforts then steward the savings wisely. 

Spending without self-control can create credit card debt. If you’re struggling, I recommend Christian Credit Counselors. They’ll create a debt management plan that will work for you! For more information call the Crown Helpline: 800-722-1976 or visit online at crown.org/ccc.