Broker Check

Ways to turn spending into savings

Money Read Time: 3 min

Sometimes it can feel overwhelming. It seems as if our financial needs outstrip our ability to meet them. Limited resources and rising expenses can make “getting ahead” feel impossible. In fact, about two-thirds of respondents in The Guardian Study of Financial and Emotional Confidence™ said that they are spenders rather than savers.1

Breaking out of this trap begins with acknowledging that everyone’s spending habits have room for improvement. With an open mind and a dose of discipline, you can find simple ways to convert your spending into savings. Here are some places to start:

Money-saving ideas

1. Find a different hobby

Bargain shopping and impulse purchases are frequently the result of boredom or anxiety management. Find a new, less expensive diversion. Learn a foreign language online for free, join a book club, visit museums when they offer free admission, or use your cell phone to improve your photography skills.

2. Save energy costs, save the planet

Become more energy efficient by performing an energy audit. You can do it yourself by purchasing a home energy monitor, or ask your local power utility, which may offer in-home energy audits. Consider these cost-saving ideas.

  • Install a programmable thermostat to regulate home temperatures while you’re out. (You know you’ll never remember on your own.)
  • Use a power strip to reduce the electrical use of your “instant on” devices by shutting off the power strip at bedtime.
  • Weather strip and caulk; install door sweeps to block drafts and close the fireplace damper when not in use.
  • Service your heating system for optimal efficiency.
  • Service your car to increase gas mileage; better yet, use public transportation.

3. Save on gym membership

Unused memberships are an expensive waste of money. If you do join:

  • You can reduce membership costs by signing up when there is a special offer. Negotiate to get their best price or join with a friend and potentially get a discount.
  • Ask your employer or insurance carrier who may subsidize membership costs or offer special affiliated pricing.

4. Don’t keep cable and cell service on autopilot

Call your provider and negotiate a new rate. Cell providers face stiff competition and are very responsive. Cable companies may be less so but review your package to ensure that you are not paying for channels you don’t watch. And do you really need to keep your landline?

5. Track your spending

You would be surprised by where your money goes. Track every purchase for the next 30 days. It’ll provide you good insight into whether your spending reflects your priorities. Consider these examples of silent money suckers:

  • Paying for Bottled Water — Spending a few dollars a day or more for water adds up quickly. Plus, all those plastic bottles are bad for the environment.
  • Gourmet Coffee — Three or four dollars a day for your favorite coffee beverage may not seem like a lot of money but could amount to $90-$120/month.
  • Eating Out — Depending on where you live, you may be spending as much as $8 for breakfasts, $10-$15 on lunches, and even more for take-out dinners! If you pack a brown-bag lunch, and pre-cook dinners on the weekend, you’ll save money and eat healthier, too.


Brought to you by The Guardian Network © 2018, 2022. The Guardian Life Insurance Company of America®, New York, NY

2022-140165 Exp. 07/24 *Pre-approved content*

Have a Question?

Sam Duffey
Sam Duffey
Ashford Brokerage, CA License #0J09024, AR License #15480533 Director of Brokerage Sales (205) 843-9434

Introducing Income Protection Made Simple

In every stage of life, the sudden halt of income or cash flow can have a profound impact on our lifestyle and hinder progress towards future financial goals. As a seasoned professional in the insurance industry, I understand the importance of safeguarding what many believe is ones most important financial resource, and that's where I come in.

I collaborate closely with financial professionals, serving as a valuable partner to enhance their existing carrier relationships and offer comprehensive protection against unforeseen circumstances like untimely death, injury, or illness.

Through my unique KNOW - SHOW - FLOW service, financial professionals experience a seamless process that empowers them to:

KNOW: Stay informed about the most prevalent and relevant cases we encounter, enabling them to make well-informed decisions for their clients.

SHOW: Master the art of strategizing and implementing protection plans with ease, even providing the option for joint meetings if necessary, to foster client understanding and confidence.

FLOW: Leverage our innovative agency marketing website and cutting-edge tools that enable them to scale their business to new heights.

Our offerings encompass a range of insurance products tailored to individual needs:

1) Disability Income: Provides crucial protection for earning professionals against the unexpected impacts of injury or illness on their income.

2) Term Life: Ensures the continuity of future income for loved ones in the event of the untimely passing of a breadwinner.

3) Whole Life: Establishes a lasting legacy benefit and serves as a reliable retirement distribution strategy.

When working with our brokerage team, success takes on a clear and tangible form. We strive to empower financial professionals to engage with clients confidently about income protection, streamlining the new business process, and unveiling new markets as well as sales ideas that lead to substantial business growth.

Our ultimate objective is to equip you with the tools and knowledge necessary to protect your clients' financial well-being comprehensively. As a result, you'll find new ease in processing business, discover expanded market opportunities, and experience unmatched satisfaction as you witness your business scale to unprecedented heights.

Join us in making Income Protection Made Simple a reality for your clients and your professional success. Let's work together to secure their dreams and create a more secure financial future for all.