Budgets and Money

Best Ways To Save Money

There are simple ways to save money, from adjusting the thermostat to skipping the trip to the gourmet coffee shop. Once you see how each little purchase adds up it is easier to stay on track.

Three Super Simple Ways to Save Money - Today!

Most of us would like to be able to save more money, but saving money can be hard work. It takes making a budget, planning for purchases, and most of all, effort to self-manage. The good news is that some of the best ways to save money are with tried-and-true methods that we already know but don't think about as often as we should. Are we all victims of selective memory? No, it's more the fact that we just don't always stop and think about how the little things can really add up (and they do)!

To help refresh your memory, here are three super simple ways to save money that you can do immediately that will put more cash in your pockets.

1. Turn down the thermostat

Experts recommend keeping thermostats at 68 degrees during the winter months. The exact amount you could save will vary based on heating prices, the size and efficiency of your house, and the temperature outside. However, the U.S. Dept. of Energy estimates a savings of one to three percent per degree of thermostat setback. So to save even more, consider going as low as 60 or even 55 degrees when you're away or when you go to bed. Going from 68 to 55 degrees could save you as much as 26 percent.

2. Brew that cup of Joe at home

Ah yes, the latte factor. The gaping cost differential between making coffee at home and buying it from a popular coffeehouse. Even the cheapest coffee at Starbucks will cost you about $2.00 for a 16-ounce cup. And if you prefer one of the more expensive espresso drinks (such as a latte), you'll pay close to $4.00 or higher. Check out Coffee & Conservation's online calculator to see how much you could be saving by brewing your own coffee at home.

3. Buy in bulk

Experts advise that you should always buy nonperishable items that you use every day in bulk. Making bulk purchases can result in a wide range of savings, depending on the products. Topping the list of items to buy in bulk are toilet paper, soap, and shampoo. Think about other household items that you can easily store and that are not perishable, such as cleaning supplies. Buying large packs at the grocery store can save you 5 to 10 percent. It'll also save you gas, as you won't have to run out to the store as often.

If you're looking for ways to trim your monthly budget, begin by taking a look at these three simple ways to save money that are often forgotten. And while you're at it, make it fun and see what else you can come up with!

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This article is a high-level summary of things to consider when purchasing life insurance. The information presented is for information and educational purposes and meant to supplement other information specific to your situation. It is not intended as investment advice and does not necessarily represent the opinion of Protective or its subsidiaries.

Neither Protective life nor its representatives offer legal or tax advice. We encourage you to consult with your financial adviser and legal or tax adviser regarding your individual situations before making investment, social security, retirement planning, and tax-related decisions. For information about Protective life and its products and services, visit www.protective.com.

Best Ways to Save Money

Besides making a budget and watching your spending, saving money can be difficult. You might be surprised to learn that some of the best ways to save money are things we already know. Adjusting your thermostat, becoming your own barista or stocking up can make a noticeable difference to your checkbook. This article highlights a few quick and easy tips that can impact your monthly expenses. For more information, visit our learning center.

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