Many Americans are working on their New Year’s resolutions. One of the most popular is to save money. But when mid-January creeps in, our best intentions oftentimes have fallen by the wayside. Navigator Credit Union has five ways you can keep your resolution to save money.
Drop the extra subscriptions:
Take a look at your subscriptions and drop any that you don’t use. For instance, if you have two show or music streaming service subscriptions consider cutting down to just one. If you’re signed up for monthly beauty/treat boxes or meal planning kits, consider if the price tag is worth what you use and like. This also goes for any magazines you may be subscribed to as well.
Make a list:
Before you go shopping, make a list and stick to it. A list helps you avoid impulse buys, especially at the grocery store. And, don’t go grocery shopping when you’re hungry. Studies have shown people buy more on an empty stomach than a full belly.
Use Online Bill Pay:
Use Navigator’s free online bill pay service to save money on stamps, envelopes and paper. You can also use it to keep a closer eye on your balances to avoid over drafting. If you have Navigator’s Card Valet ® app, you can get alerts when an automatic payment is pending on your account and there’s not enough funds to cover it, which will help you avoid fees.
Evaluate your credit cards:
The new year is a great time to evaluate your credit cards. If you don’t have one, get a rewards credit card that gives you bonus points or cash back on everyday purchases. The Navigator Platinum Rewards card offers both as well as no annual fee, no cash advance fee, no balance transfer free and one of the most competitive rates in the nation.
Set up smartphone alerts:
Set up smartphone alerts so you never miss a bill payment. Late payments can hurt your budget and possibly your credit score. With Navigator’s eAlerts, you can also get notified when your account balance is low, a direct deposit is received, an automatic withdrawal is posted and more.