There are just under two weeks left in 2018, so it’s time to think about the future. When it comes to finances, what would you like to do differently next year? When looking at your money and the way you spend it, what needs to change? Here are a few things you should remove from your budget next year, according to the folks over at NerdWallet…
Unnecessary daily expenses: We all like coffee every day. But do you really need Starbucks every morning? It’s expensive and it’s not that good (don’t @ me bros). If you spend 4 bucks on coffee each morning on your way to work, you’ll end up spending well over $1,000 at the end of the year. Here’s an idea: Stock up coffee to brew at home and use the price difference to beef up your emergency fund.
Phone apps: The vast majority of apps on my phone are free apps, so this one doesn’t really hit home to me. But for a lot of people, spending 99 cents here and there doesn’t seem like a big deal. If you’re one of those people who spends a lot of time on your smartphone throughout the day (and you’re probably more aware of that time these days thanks to Apple’s new obsession with telling us about our daily/weekly screen time) then it might be time to think about which apps are costing you money (whether it’s upfront or from in-app purchases).
Spending with coupons: You’re probably thinking, “this sounds like saving money!” While coupons can be helpful tools, they’re only helpful if the coupon is something you were already planning on buying. Don’t be swayed by a deal or discount if it’s not something you need. Buying things you want (and don’t need) is an easy way to throw money away. Only make smart or necessary purchases, and use coupons to make those buys even better.