It can happen in an instant. The loss of a job or an unexpected medical expense can leave you drowning in debt. If you feel like you have a million bills and struggle to keep them all straight, you are not alone. Many people just like you live paycheck to paycheck and struggle to organize their bills in a way that they know how much of their paycheck must go to bills and how much is left over for other expenses. This can lead to missed payments and late fees to further exacerbate your situation. The organization of your bills is the first step to financial freedom. Organizing your bills will not only help you avoid late fees but will also help you figure out how you can pay off your debts faster. Let's take a look at commonly used methods to conveniently organize your bills.
1. Do a Fridge and Freezer Inventory
Before heading to the grocery store, check your fridge and freezer for any items you may still have. Doing this will keep you from buying the same item over again. Plus, you can buy something to pair with it and make a meal out of it. For example, you may have a pack of ground beef in your freezer. Instead of buying more meat, you can get an item to go with it like tortillas for tacos or mixed vegetables for a nice pot of soup.
2. Plan Your Meals Ahead of Time
If you go grocery shopping without thinking about what meals you're going to have, you'll be running all over the place, not knowing what to buy. As a result, you'll end improvising and throwing things in the cart without a well-thought-out plan. Planning out your meals is a more cost-effective way to shop as you'll have more time to think about prices and ways to save. You can also center your meals around different sales to save even more money.
3. Shop with a Calculator
Speaking of prices, you should add them up as you shop using a calculator. Whether you're using a regular calculator or one that's on your smartphone, you'll get a better idea about how much you'll spend before even making it to checkout. This way, you can put items back if you sense you're about to go over your budget. Doing this will not only save money, but it will also save time and even embarrassment at the checkout line.
4. Ignore Brand Labels
Sometimes off-brand products taste just as good as the big-name brands. You'll save some good money by investing in little-known brands. For example, Walmart offers Great Value as an alternative to big brands. Large grocery stores like Kroger and Publix offer their own brands as well.
The best foods to buy off-brand include cereal, canned goods, and even sodas.
5. Use a Cash Back App like Ibotta
Earn cash back rewards with Ibotta. Users of this app have earned over $500 million in savings. Before going grocery shopping, you can check the app for special offers (i.e. $3 off, buy one get one free, etc.) on certain products. To prove that you've made the purchase, all you have to do is upload the receipt by taking a picture of it with your phone.
Once you've collected a good number of rewards, you can earn up to hundreds of dollars per month if you use the app consistently. Ibotta is not just restricted to grocery shopping either. You can earn cash back on purchases at 750,000 locations including retail stores, department stores, and even online merchants like eBay.
For more tips on how to save money on groceries, check out these great articles:
- 25 Budget Grocery Shopping Tips to Save Money by myMoneyCoach
- 15 Ways to Save Money on Groceries by Dave Ramsey
If you are burdened with high amounts of credit card debt and are struggling to make your payments, or you’re just not seeing your balances go down, call Timberline Financial today for a free financial analysis.
Our team of highly skilled professionals will evaluate your current situation to see if you may qualify for one of our debt relief programs. You don’t have to struggle with high-interest credit card debt any longer.
Call (855) 250-8329 or get in touch with us by sending a message through our website https://timberlinefinancial.com.