A healthy financial picture is like any complicated infrastructure - it relies on the efficiency of a lot of moving parts. If those parts aren't all working the way they should, you could be losing money - and, if you're not on a detailed home budget, you could be losing a lot more than you think. Here are five ways you might be forking over cash unnecessarily, and how to avoid them.
1. Not Dropping Your Home Telephone
Still have a home telephone line? If so, you're in a group of only 60% of Americans who still do, according to the National Health Interview Survey. Take a moment and decide for yourself whether or not you truly need it. If you don't think you can get by with just the smartphones in your household, consider a service like MagicJack - you don't even need an Internet connection to have one. The Plus version costs $49.95 (with the first six months of service thrown in) and $29.95 per year thereafter.
2. Failing to Save on Groceries
Grocery coupons are available in many more places than you'd think. Of course the Sunday paper is an old standby, but did you know you can also visit your preferred food manufacturers' websites for printable coupons? Sign up for the customer loyalty program at your favorite grocer and you could receive some in the postal mail, as well. If you own a smartphone, download an app like Saving Star to get mobile coupons.
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