as inflation and tariffs continue to drive up costs,many Americans are actively seeking strategies to reduce their spending. Teh AARP annually addresses this need by releasing its “99 Ways to Save,” a extensive guide offering practical advice across 15 distinct categories, including travel, entertainment, and even pet care.
For grocery shopping,deputy editor David Brindley advises consumers to meticulously check their receipts for any pricing errors. He also highlights the meaningful savings-ranging from 30% to 50%-achieved by opting for store-brand products, noting that the ingredients are often identical to their pricier counterparts.
“Grocery stores frequently place their most expensive items at eye level,” Brindley explained. “its beneficial to look both higher and lower on the shelves to find better discounts on similar products.”
In the realm of personal finance, Brindley suggests utilizing budgeting applications or debt payoff calculators to monitor spending habits and prioritize essential bills. He also advocates for using cash whenever feasible, as studies indicate that individuals who regularly pay with cash tend to spend less.
“Many small business owners pass on the credit card fees charged by major companies to their customers,” Brindley stated.”However, paying with cash allows you to fully avoid these transaction fees.”
Consider making bi-weekly payments on mortgages or car loans. This strategy applies the extra amount directly to the principal, thereby reducing the overall interest paid. The same principle can be applied to credit card payments.
“Splitting your credit card payment in half and making two payments each month can considerably benefit you,” Brindley said. “The initial payment will be applied to the principal, lowering the total interest you owe. This can also lead to an improved credit score, resulting in lower interest rates. While you’re still spending the same amount, you’re effectively paying down your credit card debt more rapidly.”
For home savings, a simple yet effective tip is to unplug devices that are not in use. Additionally, lowering the temperature setting on your water heater can yield substantial savings. “Reducing the temperature from 140 degrees Fahrenheit to 120 degrees fahrenheit can save you up to $400 annually,” Brindley explained.
These are just a dozen of the many money-saving strategies available. The complete list for 2025 can be found on the AARP website, though access to the full details requires an AARP membership.
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