3 Practical Tips for Trimming Everyday Expenses 3 Practical Tips for Trimming Everyday Expenses

3 Practical Tips for Trimming Everyday Expenses

Posted on Jan 25 2024 Posted in  Money Saving Tips
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In today's world, managing everyday expenses can be a daunting task. However, fear not—our blog is here to guide you on a journey towards a more budget-friendly and financially mindful lifestyle. Whether you're looking to save for a specific goal, build an emergency fund, or simply cut down on unnecessary expenditures, we've got you covered.

TopCashback’s consumer expert Samantha Landau offers her advice on how to save on your everyday purchases for financial success.

 

Stack your savings. Your first stop for savings is using what you already have in your wallet, like a rewards credit card. Look into the terms of your card’s program to determine which spending categories will give you the most rewards, and make note to use that card on those items.

You can score even more rewards while shopping with coupons, discounts and special sales as a loyalty member for stores you often shop at. And in addition to any applicable promotions, shop through a cash back site, like TopCashback—which guarantees the highest percentage of your money back on qualifying purchases from over 7,000 retailers nationwide, including Walmart, Amazon and Nike.
 

Pro-tip: Use money-saving tools whenever possible, like TopCashback’s free Browser Extension, which automatically applies any relevant coupons and cash back offers directly to your order before online checkout. You can also look for savings on TopCashback Gift Cards, which offers cash back on digital gift cards to over 300 retailers, including Target, DoorDash and Panera Bread.
 

Review your budget regularly. Budgeting is key to making sure you have enough money to cover current expenses as well as future ones. By knowing how much you’re regularly spending  compared to your current income and what your goals are, you can identify areas that you need to either contribute more or less to.

If you’re consistently going over your budget, it’s important to update it to reflect your current financial situation and cut costs wherever possible. And if you’re currently sticking to your budget, it’s still worth reviewing it regularly to make sure you’re not paying for anything you don’t need or use — and you can put that extra money directly toward your savings rather than spending it.

Use money-saving tools whenever possible.

Automate your savings. If you're looking to start building your savings, consider automating them to jump-start your progress. Split up your income by paying yourself first for regular expenses, and automate the rest of your income to contribute to your savings account(s). By doing this, you’ll be putting money toward your goals immediately and won't be tempted to spend the money elsewhere.

 

Related Posts: How to Refresh Your Finances in 2024 | A 3-Step Guide to Saving Money on Clothes


Photograph of the blog author, Olivia Hart.

by Olivia Hart

Olivia Hart is the public relations coordinator at TopCashback.com. Since joining in June 2023, Olivia has immersed herself in personal finance and money-saving tips. Beyond the office, Olivia spends her time being active and spending time with friends and family.

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