Saving for retirement can seem daunting. How can you possibly stash enough cash? Instead of being intimidated by the mammoth size of the entire task, try starting small. If you’re saving some for retirement, but could use a little extra (and who couldn’t?) try these easy tips to add a couple hundred dollars to your savings every month.
Cut Subscriptions
According to a Opens a new windowrecent report, Americans spend an average of $237.33 per month on subscriptions. You’re probably thinking that seems way too high, right? Well, the same study found that 84 percent of people underestimate how much they spend on monthly subscriptions. You can likely save a good chunk of change by combing through your monthly subscriptions and cutting the services that you don’t use.
Leave the Brands
Another easy way to save more each month is to buy generic products instead of name-brand products. A study Opens a new windowfrom Policygenius found that generic products typically cost 50 percent less than name brand products. The next time you’re at the grocery store, opt for the generic versions and see how much you save.
