5 ways to save money on your daily essentials

(NC) Given the cost of living challenges that many of us are facing in 2024, it seems like everyone is pinching pennies and stretching their dollars as far as they can. If you’re looking to save money on your daily essentials, here are some practical ways to embrace a more frugal lifestyle:

1. Create a budget: If you aren’t budgeting already this is a necessary start. Track your monthly spending and get a sense of where exactly your money is going. This will give you a great view into your spending habits. Then review your expenses and make a go-forward plan. Where can you reel in your spending on items that may escape your attention? For example, check your service contracts and see if you can bring your monthly costs down.
2. Bulk buying: Do you have items you use regularly? Enjoy a lower cost per unit by stocking up on pantry staples and household items. Stocking up on items may have a larger upfront cost, but if you’re able to buy them during sales you can save money in the long run.
3. Memberships, discounts and coupons: Unlock savings galore by diving into the world of coupons, discount codes and loyalty programs. Many stores offer regular discounts for members. Be sure to keep an eye out for promotions and discount codes when shopping online and take advantage of retailers that offer price matching.
4. Savvy shopper secrets: Before you buy be sure to compare prices. Check weekly flyers, price comparison websites or apps that help you find the lowest prices and price match where possible.
5. Bundling bonanza: From insurance to gym memberships, some companies offer discounts or promotional rates when you bundle multiple services together. When it comes to telecommunications providers, customers can save big by bundling their streaming services. As an example, customers with Koodo can save with “Happy Stack,” a bundle that includes cellphone, internet and streaming services rolled into one discounted price.

By incorporating these lifestyle tips you can take charge of your finances and embark on a journey towards a more financially secure future.