Thursday, January 10, 2019

6 Simple Ways to Save Money in 2019 - Consumer Reports

6 Simple Ways to Save Money in 2019 - Consumer Reports: When was the last time you took a close look at your expenses? If it's been a while, the first month of the year is a good time to figure out where you're overspending and take steps to prevent it.

This isn’t about giving up restaurants or skipping vacations. Instead, it’s about plugging those “money leaks”—small, often hidden costs that slowly drain your checking account without you even noticing. Over months and years, these small leaks can add up to hundreds, if not thousands, of dollars.

Warren Ward, a financial planner in Columbus, Ind., says that once his clients overcome their initial inertia and begin to look closely at fees and other payments they make, they start looking for additional ways to reduce those costs. "It's a virtuous cycle," he says. "The more they save, the more they like doing it."

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