3 Most Painless Ways to Cut Back Spending

If you’ve been attempting to go about pinching more pennies, whether it be eating out less, buying fewer clothes, or cutting back on vacations, you should know that it doesn’t necessarily have to be a painful process.
Cutting your spending doesn’t mean a lot of sacrifice. There are some cost-cutters out there that are both painless and effective.

When we typically think of ways to trim our home budgets, we imagine living a life of more Top Ramen dinners and fewer cable channels and daily lattes. But to live a life of frugality, you don’t have to do without all the things you enjoy. There are plenty of places in our everyday lives where just being smart and careful will yield up some extra dollars.

Here are three ways to smartly — and painlessly — cut your expenses.

1. Cheaper Auto Insurance
It is important to reexamine your auto insurance policy at least once a year for possible savings opportunities. Although most people tend to stay with their car insurer for a long time, by making it a habit to compare auto insurance quotes annually you can save hundreds of dollars. To find a better plan, simply visit the National Associate of Insurance Commissioner’s website www.naic.org, then click on NAIC States and Jurisdictions to find your state’s insurance department. These steps will allow you to find comparative premium quotes based on standard customer profiles.

You may also want to consider raising your deductible in order to lower your premiums, or for an older vehicle you may want to evaluate whether you really need collision coverage.

2. Switch to Store Brands
Sure, you really love buying brand name products when you are out grocery shopping, but the truth is, store brand products are often just as good (if not better) than ones you’re used to. Making the switch to bargain labels will shave anywhere between 25 to 50 percent off of your weekly grocery bill. And with more chains offering their own line of premium and organic products, making the switch has never been easier.

Shopping with a list will also ensure that you won’t be a cathartic impulse buyer.

3. Get Healthy
No matter where your physical or financial well-being stands, everyone usually makes an attempt to get in better shape and become a better saver. But eating healthy and staying in shape is more often times than not easier said than done. Those who are in good shape tend to save a whole lot of money on individual health insurance and life insurance plans. Studies also show that people who are more fit tend to earn more and get promoted more quickly.

And aside from just having that beach body you’ve always wanted, while feeling better and having increased energy, you’ll start to see some extra cash in your bank account.