Ways to Trim your Spending
If you can nd ways to spend less, you might be able to borrow less — and in the future, pay back less. There
are a lot of ways to reduce your spending — some are easy and some are a little more involved.
For example, love the coee shop? By eliminating
a $4 cup of coee three times per week, you can
save $624 per year!
Four years in college x $624 = $2496 in your pocket
to put towards something else (like your student loans)!
Take a look at the list below and check the items that apply to you.*
Estimate your yearly savings and then tally up the list.
Enter Your Potential
Review your car insurance deductible. Increasing your deductible from
$250 to $1,000 decreases the premium you pay each month.
Kick the nicotine habit. Good for your lungs — good for your wallet.
One pack costs on average more than $5! By quitting, you can help your
health and also save a lot of money.
How often do you eat fast food? Eating out can cost you as much as $12
per meal! Why not brown bag it? You could save money by bringing your
lunch from home instead of eating fast food.
Negotiate your rate. Interest rates on your credit cards can be bargained
down. If you can cut your interest costs on a $5,000 balance, you will save
big every month.
Put your library card to good use. Borrowing books and DVDs from the
local library will save you not only the cost of renting and buying, but also
the late fees.
Lose the latte. Skip your daily visit to the coffee shop (average of $4
per visit), brew your coffee at home and filter your funds.
Buy in bulk and avoid the vending machine. Maybe coee isn’t your
thing — you like to keep hydrated with other beverages. Buy your
refreshments in bulk and save big.
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