A smart man once said to me, “Sometimes the most obvious points are the most insightful.”
The idea that recurring costs are more impactful than one-time purchases seems like one of those points. It’s obvious that saving $10 per month on your cell phone bill would have a bigger impact in a year than trying to find a good deal to buy a new TV for $50 off, but how many of us spend time researching big purchases and hardly pay attention to our smaller monthly charges?
Next time you’re looking to save some cash, see if you can optimize your weekly or monthly spending. Rent, all kinds of insurance, cell phone/internet/TV service and groceries are some of the areas I focus on, and you can certainly think of more. Stay tuned for a hot tip on how to save on cell phone service next week!
#MoneyGoals
(Pictured: My most prolific money-saving tool, shielding me from recurring expenses of gas, car insurance, tolls and maintenance. Dallas, TX / October 20, 2018)