Editors' pick: Originally published Nov. 1.
If you're like most Americans, you may feel like your wallet is hemorrhaging money. And in most cases, this is indeed the truth. Unfortunately, most of us are practically wasting money every month by spending more than we should on everyday things.
By making these tweaks to your expenses, you can save as much as hundreds per month. It won't cost you a thing - just a few minutes of your time. And in return you'll basically be getting free money that you can use to save, invest, or even treat yourself!
Life Tweak 1: Dial Down on the Data
If you have a cellphone plan, chances are you're overspending on your data allowance. We all get caught up in the heat of the moment at the Verizon store when we get that shiny new Apple iPhone and tend to sign up for more data than we need. Some carriers even offer "unlimited" services at a hefty price (as much as $450 monthly). But that's ridiculous! With free WiFi just about everywhere, there are few reasons why anyone would need a large data allowance. Take a look at your next cellphone bill and see just how much data you're actually using. Then find a plan that suits your actual needs. You could save as much as $400 per month!
Life Tweak 2: Prescriptions for Less
Think you need to purchase a membership to Costco to use its pharmacy? Think again - many state governments forbid warehouse stores to require membership for customers wanting to fill their prescriptions. That means you can walk in and take advantage of Costco's low prices without ponying up for a year's membership. You'll save $55 per year on the membership, plus more depending on your prescriptions.