6 Ways To Stretch Your Dollar

Dated: 06/01/2020

Views: 180

Due to COVID-19, you may be in a different financial place than just a month ago. Rest assured this is only temporary. To help, here are 6 ways you can stretch your dollars as far as possible.

  1. Create a budget. It is the best way to track your spending and make smarter spending decisions. Plus, there are many budgeting apps, such as Mint, now available to help. 

  2. Pause memberships, services, and subscriptions. If you have a gym membership, make sure you are not being charged at this time. For newspaper/magazine subscriptions, opt for a digital format as they are cheaper than print. For TV, consider switching from traditional cable to a streaming site.

  3. Be mindful of utility use. Due to stay-at-home orders, you may find yourself at home a lot more right now, which means higher utility use. To reduce costs, shut lights off in rooms you’re not in, unplug your fully charged laptop, and don’t have TV on just for background noise. Use a natural light source during the daytime and light a candle when the sun starts to set. Your month-end self and mother nature will thank you.

  4. Use rebate/discount sites. It may be tempting to online shop with your newfound free time. If you do, sign up for rebate websites such as Rakuten, Honey, or Fetch to earn money back every time you shop.

  5. Take advantage of free offers. Many companies are running specials. Streaming, audio book, podcast, and exercise sites are offering free trials, online marketplaces are offering free delivery, theaters are live-streaming plays…the list goes on. Research the activities you like for offers that you’ll love.

  6. Pay off your debt. This may seem counter intuitive, but tackling your debt now means paying less interest in the future. Lenders and creditors are highly motivated to resolve debt now. If possible, we encourage you to add extra funds into your Program Savings Account so that we can negotiate effectively for you. Make it a mission to come out of this pandemic in a better place than you were before.

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Steven Jackson

Steven helps Clients buy and sell vacation and second home properties along 30A and South Walton, giving them confidence in a local, reputable Agent. Steven’s work ethic begins by being of maximum ....

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