Finding ways to save is top of mind for many individuals, especially with\u00a0inflation high<\/a>, interest rates rising and a potential recession looming. But sometimes the\u00a0quest to be frugal<\/a>\u00a0can cost you more money than it saves.\u00a0\u200b<\/p>\n \u201cWhen you\u2019re dipping your toes into trying to save money there\u2019s a natural tendency to throw yourself into the deep end and go a little too far,\u201d says Emily Irwin, senior director of advice and planning for Wells Fargo Wealth & Investment Management. \u201cInitially you may have some frugal fails.\u201d\u00a0\u00a0\u200b<\/p>\n AARP Membership \u2014 $12 for your first year when you sign up for Automatic Renewal<\/p>\n Get instant access to members-only products and hundreds of discounts, a free second membership, and a subscription to AARP the Magazine.<\/i><\/p>\n Join Now<\/a><\/p>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n Frugal fails are common, particularly among people just starting to embrace a savings mindset,\u00a0 but they are avoidable. There are easy ways to turn them into saving successes, even if you\u2019ve committed the following seven faux pas.\u200b<\/p>\n Food is a big part of household budgets so it makes sense to find ways to save in this category. A time-tested strategy is to\u00a0cook more at home<\/a>. Instead of going out to dinner or ordering takeout, people commit to cooking seven days a week, three meals a day. They hit the grocery store to stock up on everything they need to prepare home-cooked meals and save a fortune. It\u2019s possible, but the problems arise when the food goes uncooked and eventually has to be\u00a0tossed into the trash<\/a>. All of a sudden the money you thought you were saving is wasted.\u00a0<\/p>\n Do this instead:\u00a0<\/b>Know thyself couldn\u2019t be truer when trying to save money by cooking. It\u2019s a great idea, but will you really follow through? \u201cTake a moment when you\u2019re shopping and ask yourself: ‘Can I really commit to this?’\u201d says Trae Bodge, a shopping expert at TrueTrae.com. \u201cYou have to be realistic. Some of us are more realistic than others.\u201d\u00a0\u200b<\/p>\n Skipping your dental cleaning or oil change may seem like ways to save a few bucks, but cutting corners could end up costing you a lot more down the road. That\u2019s especially true if you have to replace the item or need a costly medical procedure as a result of skipping maintenance appointments and check ups.\u00a0\u200b<\/p>\n Do this instead:\u00a0<\/b>\u201cMake sure you are doing everything to proactively extend the life,\u201d of the product or yourself, Irwin says. That means\u00a0staying on top of maintenance appointments<\/a>\u00a0for your health and your expensive things. \u201cIf you live in the northern part of the country make sure the furnace gets an annual checkup, and if you live in the southern states make sure your AC unit is checked out,\u201d she says.\u00a0<\/p>\n<\/p><\/div>\n\n Finding ways to save is top of mind for many individuals, especially with\u00a0inflation high, interest rates rising and a potential recession looming. But sometimes the\u00a0quest to be frugal\u00a0can cost you more money than it saves.\u00a0\u200b \u201cWhen you\u2019re dipping your toes into trying to save money there\u2019s a natural tendency to throw yourself into the deep …<\/p>\n","protected":false},"author":1,"featured_media":39509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[161],"tags":[],"_links":{"self":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/39508"}],"collection":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/comments?post=39508"}],"version-history":[{"count":0,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/39508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media\/39509"}],"wp:attachment":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media?parent=39508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/categories?post=39508"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/tags?post=39508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"member](\"https:\/\/news.google.com\/content\/experience-fragments\/uxdia-folder-structure\/en\/features\/membership\/inline-membership-promo\/default\/master5\/_jcr_content\/root\/responsivegrid\/container_copy\/container\/articleimage.coreimg.png\/content\/dam\/uxdia\/membership-card-d-and-t.png\")
<\/p>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/div>\n1. \u201cCooking\u201d instead of dining out<\/h3>\n
2. Cutting maintenance corners<\/h3>\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"