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The start of the new year is the perfect time to take an honest look at your expenses and take control of your finances. Whether you’re saving for your first home, the trip of a lifetime or maybe just more pocket change, check out these 6 ways to save in the new year:

Ways to Save - Pregnant African-American couple looking over finances and making payments online.

Ways to Save Money in the New Year Idea #1:

Keep track of how much money you are spending by creating a budget with an online management tool such as Trends Personal Finance Manager. In Trends you’ll be able to set goals, manage your accounts and itemize each expense. By analyzing where you are spending your money you’ll be able to make small adjustments to your habits – like lowering the heat.

Ways to Save Money in the New Year Idea #2:

Brown bag it! Eating leftovers adds up quickly – you could save over $1,000 a year by skipping just two fast food runs a week!

Ways to Save - Male co-workers eating lunches made from home.

Ways to Save Money in the New Year Idea #3:

Consider transferring high-rate balances to a DuPage Credit Union Visa® Platinum Advantage Credit Card. With a low introductory rate for 12 months on balances transferred within the first 12 months your savings will add up throughout the year. Plus, receive the same low rate for purchases made in the first 90 days!

Ways to Save Money in the New Year Idea #4:

An easy way to save cash is by clipping coupons. For example, if you use $2.50 worth of coupons per week at the grocery store you’ll save almost $130 per year.

Save even more when you shop smart by combining coupons, store sales and rewards to score great deals- maybe even a cashmere sweater for under ten dollars.

Ways to Save - Mom and daughter shopping with coupons at the grocery store.

Ways to Save Money in the New Year Idea #5:

Get dirty- a little elbow grease never hurt anyone. In fact you could save lots of dough by jumping on the DIY home repair bandwagon. Whether you need to change the oil in your car, replace torn window screens or even paint the entire house it pays to fix it yourself.

Ways to Save in the New Year Idea #6:

Still paying PMI? Have an FHA loan? Set up a free home loan consultation with one of our non-commissioned home loan experts to find out how much money you could save on monthly mortgage payments by refinancing your loan.

Do you have tips on ways to save money in the new year? If so, please share below:

 

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