You can save thousands per year by cutting out some expenses you may not even care about. PennyGem’s Elizabeth Keatinge has more.
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00:00 (upbeat music)
00:02 You've always wanted to make those chicken lettuce cups
00:06 and wow your family, right?
00:08 Well, cooking at home could save you thousands.
00:11 According to Money Talks News,
00:12 the average household spends $3,434 a year on dining out.
00:17 There's also some other expenses you may be able to cut out
00:20 and kick up your savings.
00:21 The pandemic has brought out the best
00:23 in at-home workouts, right?
00:25 Ditch your gym membership
00:26 and you could save an average of $696 per year.
00:30 US News and World Report suggests
00:32 paying off credit card balances.
00:34 You essentially are overpaying for all your purchases
00:37 when you let balances accumulate.
00:38 A monthly cable bill can really have your wallet
00:41 taking a hit to the tune of $100 a month.
00:43 Can you live with streaming services?
00:45 You may be able to cut down on this bill.
00:47 Debt.org also recommends doing a good review
00:50 of your subscriptions.
00:51 You may have monthly subscriptions
00:53 to services you aren't even using,
00:55 like apps or memberships.
00:57 Most importantly, have a plan.
00:58 Write down your financial goals and track your spending.
01:01 Seeing what you spend on paper
01:03 could really be an eye-opener.
01:05 (upbeat music)