This is often a good idea to do in January, off the back of the holiday period when shifting spending habits can cause added financial strain.
This means giving yourself a waiting period of 24 hours before making larger purchases, or anything over $100.
“Cancel these where you can and you can immediately boost your monthly finances. If you use these savings to put extra cash into high-yield savings accounts or to invest, even better.”
Folks should start by identifying them into one or two specific goals and breaking them into smaller, monthly milestones.
“Check your bank statements and list what you’re signed up to which you have regular monthly payments on,” King said.
“Just think about what you could do with that money if you didn’t waste it on frivolous purchases,” she said.
The U.S. Sun sat down with a number of financial experts who offered their top tips on how best to save money in 2025.
THE beginning of a new year can often offer a fresh start, with shoppers using it as the perfect excuse to implement smart money goals.
According to consumer and money saving expert Andrea Woroch, the average shopper spends about $150 a month on frivolous purchases.
“Giving yourself a wait period will help you to make sure you’re confident in your decision to buy the item without regretting it,” King said.
“A budget acts as a roadmap for your finances, guiding you to prioritize spending and avoid unnecessary debt,” Steklov told The U.S. Sun.
This method may help avoid impulse spending on items that you don’t really need.
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“Tracking your progress this way makes goals more achievable and keeps you motivated,” Steklov said.
Woroch added that meal planning can be a great way to cut back on food waste and reduce your monthly grocery spend.
