David Brindley, the deputy editor of AARP The Magazine, has released a new list of “99 Great Ways to Save” for 2024. The list aims to help Americans save money during a time of high inflation. One tip is to avoid shopping for clothes when hungry.
A study from the University of Minnesota found that people who shop while hungry are more likely to make impulse buys, even when shopping for clothes. Another suggestion is to do home improvement projects in the winter. “Contractors are often looking for work during this season.
Not only will they give you their attention, but you might also get savings as a result,” said Brindley. Neighbors can save money by hiring the same service providers. “They come to your neighborhood and serve several homes at once.
They might give you a discount as a result,” Brindley explained.
Smart savings for every season
Buying refurbished electronics, like cell phones, can also lead to big savings.
“Typically, these resale places offer a warranty to back up a used cell phone, and you can save hundreds of dollars,” noted Brindley. Moving money from a low-interest savings account to a high-yield one can boost your savings significantly. “If you’re still at 1%, banks are now offering 4% to 5%.
That’s a way to make your money work harder for you,” advised Brindley. For those planning Christmas travel, booking flights by early October is recommended. “We looked at Google data and flights are cheapest 71 days from your departure date.
So look at your calendar to lock in those savings for holiday travel,” shared Brindley. The full list of “99 Great Ways to Save” is available to both AARP members and non-members. These tips cover various areas including home improvement, car care, travel, and groceries.
They aim to help consumers navigate financial challenges and maximize their savings in the coming year.
Money-Saving Tips
Another great way to save is by using cash-back apps. Many grocery stores and retailers offer cash-back rewards. Simply check the app before making purchases to see if discounts are available. Additionally, you can save money on utilities by being more energy-efficient at home.
Simple actions like turning off lights and using a programmable thermostat can lead to big savings. With these practical tips, you can make the most of your budget and keep more money in your pocket.
