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4 Money-Saving Tips for 2020

2020 has been a bit of a rough year for everyone. What started off as a year of hope and excitement as we entered into a new century, has now turned into a bit of a nightmare for some.

There are now, sadly, millions of Americans losing their jobs as a result of extended lockdowns thanks to the COVID-19 coronavirus. And, of course, sadly, many people have also lost family members of all ages to the terrible disease that has swept the world.

Time to Rebuild

The virus appears to be getting weaker, and restrictions seem to be calming down, meaning that many people are finding reasons to go out and pick up the pieces of their lives again. But what happens if you now need to tighten the belt a bit?

There could be many reasons to begin to save money in 2020. It could be both for the chance to save up some money and to make cutbacks to ensure that finances go further. Here are four good ways to save money for the rest of 2020.

1. Buy a Used Car

If buying a new car has been on your mind recently, hold your horses. Did you know that new cars lose thousands of dollars in value the second you drive them off the forecourt? That’s why you should consider a new, used car instead. They are cheaper, and in some cases, they’re more reliable than buying a brand new car.

This option is great for you and great for the planet. Click here to be taken to a great used car dealership.

2. Have a Staycation

It’s top-secret, but staycations are officially in! The virus has hit the travel industry hard, but it’s become official that hardly anyone wants to travel abroad. 

So, grab your beach towel and head down one of our amazing beaches or lakes for some sunshine, or hop in a rented RV and go around the national parks in your area. Soaking up the sun on a staycation is most definitely cool again!

3. Switch to Bulk Buying Food

Looking at the prices of buying food in bulk, you may begin to wonder how on EARTH is that saving me money? Well, the clue is in the name: it’s bulk buying.

The CDC and FEMA actually suggest that families stockpile some food to see them through hard times, and now it’s time to stock up on staples that will last a while in your kitchen to ensure that you have the food you need in the event of a disaster.

Buying in bulk also saves you a fortune, too!

4. Don’t Upgrade Your Tech This Year

Have you noticed that there’s not much ‘innovation’ going on with technology anymore? The new iPhone and Samsung cellphones look roughly the same as the last ones, and they aren’t a huge improvement either. 

Save a few thousand dollars this year by skipping your upgrade. You will probably not notice the difference, but your wallet definitely will!

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