Unused Subscription Fees 

We've all been there. You might have canceled your cable subscription in favor of Netflix, and then added on a few extra streaming services for the run of a new show that was airing, forgetting to cancel them afterward. Or you could have an unused gym membership auto-charging to your credit card, or a clothing credit accumulating unnoticed each month. Getting on top of, and canceling, unused subscriptions can save you a bundle in fees you haven't noticed piling up. 

Loans 

From home loans to auto, are you saving the most you could be with your monthly payments? As interest rates drop, refinancing could be the move to make, letting you reduce your monthly payments. In the end, you’ll pay less overtime for some of those big-ticket items. 

Food Costs 

You don't need to be eating beans and rice to be saving more on meals. Couponing is cool again, with easy-to-use smartphone apps that let you go paperless as you head up to the checkout. Tracking how often you eat out and cutting back by one takeout meal a week or a month can also put dollars back into your pocket. 

Insurance 

Now, we're by no means suggesting you forego all insurance in order to save a few bucks. Insurance is often vital, even required by law, and it can do a lot to save you headaches in an emergency. But it bears looking at your individual situation to decide what your insurance needs really are, and if you're overpaying. For example, for someone in good health who visits the doctor mostly for annual physicals as preventative care, a high deductible plan used in tandem with a health savings account may be a better value than a high-cost option with all the bells and whistles. 

Unnecessary Spending 

This might seem like a broad category, but the truth is it looks a bit different for everybody. For you, it might be buying a coffee every day on the way to work, grabbing new clothes on a weekly basis when your closet is already bursting or getting a deli sandwich daily instead of packing a lunch. What's important is that you identify those areas of your budget where you find a bit of bloat, and then work to slim them down to save. Tracking spending for a month before you try to reduce can help you identify those areas you could cut back in. 

Are you ready to stay in touch with your financial health and up your savings and budgeting game? The RMCU blog is filled with financial resources that can help your bank account balance grow. 

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• Side Hustles That Actually Make You Money
• Three Tips on Switching Your Savings Account
• How to Save Money As a New Homeowner