Getting 50 cents off here or $3 off there may not seem like a big deal, but over time small savings can add up to large amounts — if the discounts are on things you buy regularly anyway. (You’re not really “saving” anything if you didn’t intend to buy the item before you discovered the discount.)
What’s this have to do with getting out of debt?
Well, not only do small savings like that add up over time, actively looking for ways to save money gets you in the habit of paying attention to your money. And that is critical to getting out of debt.
You’ve got to know where your money is going — and where you want it to be going — in order to get your finances in order and get out of debt for good.
If you extend the idea of saving small amounts of money here and there to other areas such as building up your emergency fund and paying down debt, that’s even better. (Of course, I’m all about sending small amounts of money to the first debt in your debt snowball in order to get out of debt faster.)
To help you out, here’s a chance from the folks at Saving Advice for you to win a little bit of cash or a gift card: