Struggling with Membership Fees? 8 Ways to Save

Times are tough and the economic slowdown that has occured due to Covid has made it so much more difficult financially. With so few opportunities to immediatley make money we often have to resort at looking at reducing our expenses.

Take a look at some strategies that you may want to reconsider or try out for the first time.

1) Check and cancel your subscriptions

I remember signing up as a member to a baby site with a small monthly fee of $3.98 which came out my credit card. Due to my own negligence I only just realized 13 years later that it was still coming out. So please don't be like me and check and cancel those subscriptions. .

2) Make a list and make one trip

How often guys have you gone out and forgot that you were supposed to get a couple additional items from the store? If you made a list this would not happen and you would save a couple gas dollars. Not to mention you would avoid pissing off your wife.

3) Cancel your gym membership

Yes, it pays to be healthy, but if you’re only going to the gym once every couple weeks for the treadmill, consider canceling your membership and going on a run. There are also plenty of at-home workouts that cost nothing – some fitness classes are even recorded on YouTube

4) Cut cable

Cable can be so expensive particularly if you have an above basic package. Might be an idea to switch to streaming utilizing services similar to a Fire Stick or Roku box,

5) DIY (Do it Yourself) Repair

Instead of hiring a tradesman (sorry Jeff) try to attend to household maintenance and repairs as far as is possible. The University of YouTube is an excellent resource to guide you numerous home related projects. Of course if you have to hire a licensed contractor please do.

6) Ask for discounts

If you are a senior citizen, a member of a savings club, a veteran, a student there are discounts that you may be able to access. Not every store might advertise that they do offer discounts so go ahead, don't be shy and ask.

7) Shop after the holidays

Typically after a major holiday the items will go on sale or be sent to the clearance rack. This is the time if you can to actually buy and save. Even if it may be a year early you will benefit from the cost savings are likely to be upwards of 40% and the peace of mind that you will not have to fight with the crowds next year.

8) Buy Generic and do it in bulk

Do you really need to buy brand named products? The quality is often not substantially different that the generic items. So it may be the right time to reconsider the no name brands. Further, by buying your items in bulk you might be able to access additional savings. If the quantity is too much then head over to the store wiht a friend or another member of your family so that you can split up that bulk package later.

What unique ways have you been able to save? Hit me on the like button and let me know in your comments.

Take care,

Hugh