Good Riddance: Why You Can Easily Dump Expenses You Don’t Need

When was the last time you checked your expenses?

No, that doesn’t mean you glanced at what you’re spending money on and then quickly looked away or ignored digging a little deeper but rather actually analyzing what you’re spending money on and questioning not only what’s in front of you but whether or not it is something you truly can live without from one day to the next.

Far too often, the average person takes expense as being what they are instead of making sure they’re always thinking about ways to save money. Those who are good at saving money know how to consistently find ways to do it even more than they are now. It’s almost like an all-star athlete who has already won championships and individual accolades but yet still practices, still, has a coach and still works hard at what they do.

Saving money is the same mindset: even if you are saving money currently, you’re still working at it every day, just double and triple checking those expenses that aren’t doing you any favors.

Think of things like online or tangible services you pay for consistently or where you’re doing your grocery shopping or how much you’re spending on insurance are just a few of the line items that deserve to be questioned.

Take for example services that allow you to stream content, such as movies or music. Granted, those services don’t cost a bundle, but they can add up quickly. If you have five, $10 services per month, you’re spending $600 per year on music and movies, and you have to wonder if that dollar amount justifies the amount of time you’re using those services.

You could talk all day about spending more than $2,000 per year on cable television as well, so if $600 is replacing $2,000, that’s a trade you’ll make ten times out of ten.

You also can’t be afraid to shake things up a little bit on services you have to have but not necessarily at the price you’re quoted. People should treat insurance quotes on your home and car, for instance, the same way they are apt to walk away from a car deal gone sour on price. You should hold your insurance agent accountable for giving you a great price, and if someone reputable can give you a comparable deal, then take it.

If you’re not at least asking about it, you might very well be leaving money on the table.

Dumping expense isn’t always fun and can be challenging but reviewing what you’re spending your money on is a must. Otherwise, it could be a case money saving potential overlooked completely.