How to Save $60 Every Month – No Brainer!

Save MoneySave Time

May 9

Written By Eric Gelb

Image sourced by Jonas Leupe @jonasleupe

Every so often, like many people I get consumed on a business call and now and again I resort to multitasking.

Last week was one of those times.

I was standing on the commuter rail platform and was engaged in a chat with my good friend Richie Sharratt.

He’s the cofounder and President of the internationally recognized charity Mentality Matters. They’re working diligently to stop Veteran Suicide, which is estimated to claim 18-22 lives every day in the USA.

I am a volunteer.

We were brainstorming some new coaching programs and retreats.

I resorted to multitasking, unfortunately.

In order to avoid the penalty for purchasing a railroad ticket on board, I purchased three train tickets in the vending machine – $32.75 in total.

Richie and I continued chatting. . .

The train pulled into the station so I walked quickly to board the train.

Wouldn’t you know it; I left my tickets in the vending machine.

I ran back but alas, the tickets were gone!

$32.75 down the drain. Ouch!

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The nutty thing was even though I have traveled by train for decades, I never downloaded the Metropolitan Transit Authority – MTA App.

Somehow I was skeptical of their App. In hindsight, I should have polled a few riders and given it a test drive. Oh well.

After I lost my tickets, needless to say I downloaded the MTA App.

Here’s how you could save $60 every month:

Focus.
Pay attention!
Think twice before multitasking.
Simplify your tasks.
Eliminate unnecessary and duplicative tasks.
Review your purchasing habits, especially those programs on auto pay. Cancel all the services you don’t use!

Think health clubs, subscriptions, streaming services and more.

Many people call this ‘cutting the cord’.

Cancel them today! You can always join again later on. You might even get a customer retention discount or customer retention bonus.

Develop systems. Routines typically work.
Download useful Apps and input your credit card for easy payment.
Automate purchases and automate payments (auto pay) whenever practical.

For example, set your credit cards to automatically pay your statement balance in full a couple of days before the payment due date. Or if it’s not practical for you to pay in full right now, set your credit cards to automatically pay at least the minimum payment due; at least you’ll avoid late fees and help protect your credit rating.

The great thing about routines and systems, is they take the guesswork out of payments; they save time; and save money!

See you next week.

Arthur V.

P.S. To Save More Money Every Day – click here.

Disclaimer: OH and Please Remember, we are Not financial advisors, financial planners, attorneys or accountants and are Not providing any specific financial, tax or legal advice here. Be sure to conduct your own due diligence and consult your own professional advisors to get sound professional advice that’s specific to your financial and personal circumstances, risk tolerance, time horizon and investment goals and objectives among other key factors!