These Expenses Are Traps That Cost People Thousands of Dollars Each Year

You can save thousands per year by cutting out some expenses you may not even care about. PennyGem’s Elizabeth Keatinge has more.

Transcript

00:00you've always wanted to make those chicken lettuce cups and wow your family right well

00:08cooking at home could save you thousands according to money talks news the average

00:13household spends three thousand four hundred thirty four dollars a year on dining out there's

00:17also some other expenses you may be able to cut out and kick up your savings the pandemic has

00:22brought out the best in at-home workouts right ditch your gym membership and you could save an

00:28average of six hundred and ninety six dollars per year u.s news and world reports suggest paying off

00:33credit card balances you essentially are overpaying for all your purchases when you let balances

00:38accumulate a monthly cable bill can really have your wallet taking a hit to the tune of a hundred

00:43dollars a month can you live with streaming services you may be able to cut down on this bill debt.org

00:48also recommends doing a good review of your subscriptions you may have monthly subscriptions

00:53to services you aren't even using like apps or memberships most importantly have a plan write

00:59down your financial goals and track your spending seeing what you spend on paper could really be an

01:04eye-opener

01:05you