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Fall Savings Tips

When the leaves start changing color, you know it’s almost time for holiday shopping, end-of-the-year deadlines and annual financial checkups. Here are three easy tips to help you save money and stay comfortable this season.

1. Cancel A Subscription

Whether it’s app-based, online video streaming or streaming music services, it may be time to cancel subscription services if the costs are adding up.  You might have signed up for 10 or more monthly subscriptions that are costing you significant money.

2. Establish Your Spending Power

No matter your income, you probably don’t enjoy setting a budget. A simple trick is to recast how you think of a budget. Rather than accounting for every dollar spent and arranging expenditures by category (dining out, home improvement, etc.), most people would be better off if they were to set a number, they could safely spend each month on everything, no matter where or how.

3. Save the Money You’re Not Spending

With vacations canceled, bars closed and gyms out of the question, you’re probably spending less money than you were pre-Covid-19. Most people have pared back their swiping. Now is the perfect time to open an interest-bearing savings account at Maspeth Federal Savings.

 

 

The information herein is general/educational in nature & should not be considered financial or legal advice. Maspeth Federal Savings makes no warranties about such information or results obtained by its use, and disclaims any liability arising out of your use of, or financial position taken in reliance on, such information. Consult an attorney or finance professional regarding your specific situation.


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