Retirement is your time to relax and unwind. But it’s hard to have fun if you’re constantly worried about your financial situation.
Fortunately, there are some really easy ways to save hundreds, if not thousands, of dollars every year. Whether you’re trying to use limited funds or just want to keep more money in the bank, here are some easy ways to cut your spending.
1. Reduce your cell phone bill
A cell phone is a virtual necessity these days. From video chats with the grandchildren to using GPS to get to your next vacation spot, a cell phone makes life easier and more enjoyable.
Convenience doesn’t come cheap though. The average cell phone bill is over $ 125 per month, and Consumer Reports says plans from major carriers can reach $ 240 per month, depending on the number of lines and services selected.
That’s a lot of money – up to $ 2,880 a year.
But you can get cheaper service. With our cell phone comparison tool, you will be able to quickly compare the plans of 40 different carriers and find the one that suits your life and saves you money. For every $ 10 you reduce your monthly bill, that’s another $ 120 in your pocket at the end of the year.
Your savings could be much more. Compare the best cell phone plans and see how much you could save.
2. Cancel unwanted subscriptions (without even picking up the phone)
Remember when you could buy software for your computer and it was a one-time purchase? Not anymore. Now you have to pay a subscription to keep using it year after year.
In fact, it seems like subscriptions are everywhere these days. It’s not just about magazines and newspapers, but also apps, websites and streaming services.
Luckily, we’ve found a nifty app that will find all the subscriptions you’ve accidentally signed up for and cancel them. It’s called Truebill, and it’s already been downloaded by over 2 million people.
Not only will Truebill cancel your unwanted subscriptions, but it will also negotiate your bills and can even advance money to you when you need it. Plus, the app comes with a collection of handy features to help you track your credit score, plan a budget, and understand your net worth.
Create your free Truebill account today and say goodbye to those pesky monthly fees.
3. Refinance Your Mortgage and Save Thousands of Dollars
If it’s been a while since you refinanced your home, Rocket Mortgage is going to amaze you. No more tedious trips to the bank to fill out piles of paperwork. Instead, the process is streamlined and can be done in an app.
And let’s talk about the reasons why you should refinance. Have you seen mortgage rates lately? They’re so low that anyone who hasn’t refinanced in the past three years is probably leaving money on the table. We are currently talking about an almost historically low rate.
Refinancing could reduce the overall cost of your mortgage by several thousand. Or you could use mortgage refinancing to pay off your home faster. Now, wouldn’t it be nice to get rid of your monthly housing payment for good?
Don’t wait to find out how much you can save. Visit Rocket Mortgage today to compare rates and lower your payment.
4. Find cheaper home insurance in minutes
Speaking of your home, you don’t have to pay an arm and a leg to insure it.
The average annual cost of home insurance is around $ 1,200 and can be much higher, depending on the company you choose. Higher premiums don’t necessarily mean better insurance, either.
Are you getting the right policy for the right price? With an insurance market called Policygenius, you can compare policies from top rated companies all in one place and get great coverage at a super low rate.
Now you might be thinking that you have been a loyal customer of your current insurance company and they are rewarding you with low rates. But it may not be.
Find out for sure by comparing home insurance quotes with Policygenius in minutes.
5. Save $ 440 per year on auto insurance
Auto insurance is another expense that seniors can easily reduce. As your driving habits change, you may find that new coverage can save you hundreds of dollars every year.
In fact, we’ve found that people who buy auto insurance from The Zebra can save up to $ 440 per year on their premiums.
The Zebra is designed to make it easy to compare quotes from multiple companies, including major industry vendors. You can buy online or call and speak to an agent if you want professional help.
Either way, it can be an easy way to free up some money in your budget for more enjoyable things, like a vacation you’ve planned.
Try The Zebra for yourself and see how much you can save.
6. Pay off your debt faster and save $ 4,185
No one needs to tell you to get out of debt. You know. But you also know it’s easier said than done, especially when you’re already trying to stretch your retirement savings and Social Security payments each month.
This is where Tally can help. We have found that this app is the way to go if you have credit card debt. It can help you pay off your balances twice as fast and can even save you up to $ 4,185 in the process.
It only takes a few minutes to see if you qualify to open an account that will help you get out of high interest debt. The app consolidates your debt, makes it easier to manage your payments, and may even increase your credit score. Best of all, you won’t be paying out of pocket to use Tally’s service.
Wouldn’t it do good to finally say goodbye to credit card debt forever? Set up your account with Tally and start paying off that debt faster.
7. Get paid to shop – plus a $ 40 free bonus
Buying online is so convenient. And there really is no end to what you can buy on the web. Tools for the workshop? To verify. New clothes for the holidays? To verify. Gifts for the children? To verify.
Wouldn’t it be nice if there was an easy way to save money on all of those purchases? Well there is. It’s called Rakuten.
Yes, we know. The name is a little weird. But you’ll forget all of that once you realize that you can get cash back on pretty much anything you buy from the site.
It’s not complicated either. Just log in with Rakuten and search for the store you want to shop from: Walmart, Target, Lowe’s, or one of the hundreds of others. Rakuten shows you the available discounts, then you click the link to buy from the retailer’s site and earn money.
New members are also entitled to a $ 40 cash back bonus. Start earning money on Rakuten today and claim your free $ 40 bonus.
8. Save $ 126 at checkout with this lazy tip
It really is the laziest way to save money. It’s called Honey, and it’s an extension that you install on your browser.
It’s super easy to set up – with just a few clicks – and Honey will always be looking for ways to help you save money while you shop online. When you get to the checkout it will let you know if the store has any coupons available and then it will automatically try those coupons for you.
Even though there are no coupons available, you can still earn Honey Gold, which can be redeemed for gift cards or cash. I bought a microwave earlier this year and earned enough Honey Gold to trade it in for $ 50 through Paypal. Between the coupons and the cash back, you could easily save $ 100 or more on a large purchase.
Want to know another fun feature I love about Honey? On sites like Amazon, it will tell if the price has changed recently and if the current price is a bargain. If not, you can add the item to a watchlist to be notified when the price drops.
Join Honey now (it’s completely free!) And try it for yourself.
Bonus: get $ 991.20 free every year
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Disclosure: The information you read here is always objective. However, sometimes we receive compensation for clicking on links in our stories.
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