Jagoans, have you been spending too much money? The good news is, there are 4 things that you can immediately cut to reduce expenses. Read on.
Cut These 4 Things to Reduce Expenses
1. Fees for subscriptions that are rarely or never used
Subscribing is fine as long as you actually take advantage of the service you are paying for. If not, why waste money for nothing? The problem is, because you rarely or never use it, you forget that you always spend money to pay membership fees.
For example, once upon a time you were really excited to go to the gym. So, you became a member of a gym. But now the excitement has faded and you keep paying. Or, you subscribe to a magazine. But, because you are busy with work and various other things, you don't have time to read the magazine.
2. Annual fees for credit cards
Those of you who have a credit card are certainly familiar with the annual fees charged. No one forbids you to have a credit card.
However, if you have too many credit cards, you will have to spend quite a lot of money to pay the annual fee. To reduce expenses, you can choose only one credit card that you feel has the most benefits.
3. Fees for late payments
Have you ever been fined for forgetting to pay a bill? Paying the fine is annoying. But, even though it's annoying, this is often repeated. It can't be helped, every month there is a lot of work so the obligation to pay bills is often neglected. When you are fined, you just accept the situation.
Well, if you want to save on expenses, you have to make sure you pay bills on time so you don't get fined again. Even though the fine for being late in paying electricity or water is not big, try to add everything up and multiply by 12 months if you are always late paying every month.
4. Admin fees for having a bank account
Just like the late fees for paying bills, bank admin fees are not big. But, if you pay them regularly, the amount can add up.
There are a number of fees charged by the bank, such as monthly admin fees, e-Wallet top up fees and transfer fees to other bank accounts.
If you want to save on expenses, you can choose to open an account at Bank Jago. There are no admin fees that you need to pay every month. In addition, you can also enjoy free interbank transfers and e-Wallet top-ups.
The Jago Application Helps You Record Expenses and Pay Bills On Time
In order to know where your money goes, you need to do tracking. An easy and practical way to track expenses is by using the Jago application. All transactions, in and out, are always neatly recorded by Jago. You don't need to do it manually.
Through keeping track of expenses, you can know which expenses you can cut immediately to reduce spending.
You can use the money saved from cutting those expenses to grow your emergency savings or retirement savings.
You can also take advantage of the Spend Analysis feature if you want to know in which expense categories you spend a lot of money on. Then, are there other expenses that you can reduce or stop, so that you can use the money for other needs.
Meanwhile, to pay all bills on time, there is the Plan Ahead feature that you can use. With it, you can schedule the transactions you need so you don't forget to complete them.
Download the Jago application now and enjoy how fun it is to save money by managing your finances smartly.
