Finding Savings Where You’re Already Spending


(Statepoint) At a time when Americans are keeping a closer eye on their expenses, finding more value where they are already spending on the essentials is more important than ever.

In a recent study from Morgan Stanley, 64% of Americans said they plan to cut back on overall spending in the next six months as inflation continues to rise and impact wallets. And while many are making cuts in their everyday life, wireless shows no sign of being scratched from the monthly budget. With more than 60% of households having cut the cord to their landline, Americans increasingly rely on their mobile connectivity. This may be why that when it comes to prioritizing monthly bills, the same Morgan Stanley study showed that wireless was top ranked alongside other life essentials, with respondents saying that keeping their connectivity was nearly neck in neck with paying their mortgage.

Another survey, by opinion analytics and research firm CivicScience, had Americans weigh the importance of their wireless service compared to other popular out-of-pocket expenses.

When asked whether they’d rather give up wireless or a video streaming service, 77% said they’d give up streaming and continue binging their mobile connectivity. When it came to choosing mobile service over a food delivery service, 93% said they’d sacrifice food delivery. Even America’s favorite pastime was no match against reliable connectivity, with 86% saying they’d gladly give up attending a sporting event rather than part with their wireless service.

So, we know people would sacrifice spending on some of life’s little luxuries to stay connected, but do they really have to?

Inflation can be deflating, but you don’t need to be powerless against it. Simple money saving techniques can make a difference, and as it happens, if you have the right wireless service, you may not need to slash spending after all.

Designed to get the most for your money, T-Mobile offers an unlimited wireless plan, Magenta Max, featuring unlimited talk, text and premium data—so your smartphone data won’t slow down no matter how much you use—nationwide 5G coverage, a dedicated customer service team and more. The savings don’t end there. T-Mobile customers get $225 each month in extra stuff on the Magenta MAX plan with two or more lines. For the 94% of Americans concerned about inflation, having Netflix , Apple TV+, in-flight Wi-Fi and data in 215+ countries, plus a year of AAA on us, and Scam Shield protection all included can mean some serious savings.

In a time of increasing sacrifice, you can be selective about your wireless phone provider, especially when it offers benefits your family can’t afford to live without.

PHOTO SOURCE: (c) BartekSzewczyk / iStock via Getty Images Plus


More Resources

Unable to open RSS Feed $XMLfilename with error HTTP ERROR: 403, exiting

More Personal Finance Information:

Related Articles


Succession Planning
Have you ever thought about what you are going to leave your children when you pass from this earth? Wouldn't it be a great feeling to be able to give them a really good head start in life - without actually spoiling them?It really doesn't matter how old you are, it's something that you need to be thinking about and planning for now. In the process of planning your inheritance and blessing your children, you are really making YOUR life better and more financially secure because you'll enjoy these benefits before you pass them on.
How To Get Ahead On A Low Income
Do you struggle from week to week trying to make ends meet? Are you consistently going without things that you really wish you could afford? Well I have some possible and practical solutions to your dilemma:1. TIPS TO HELP YOUR BUDGET STRETCH FURTHER.
Personal Finance - Have Consumers Had a Belly Full of Personal Debt?
For months, we were trigger-swipe happy, putting our groceries, clothes, holidays and service charges on our credit cards. We wanted mortgages, we took out loans, we watched Property Ladder and What Not To Wear.
Reporting Identity Theft
Would you know what to do if you suspect that your personal information had been stolen and used by thieves to open new accounts? It's important that you take the right actions to clear your name as quickly as possible.In 2005, the laws were changed to allow anyone to review their credit report yearly without having to pay a fee.
How to Attain Your Dreams on a Single Income
If you recently became a single parent and see your dreams being washed away because you feel all alone, you aren't alone. There are single parents that face future endeavors alone like dating again, living on one income, and buying the home they've always imagined.
Single Mother and Learning how to Save
Saving may seem easier if you were saving for a new car, or a vacation however when it comes to saving in general it may prove to be more challenging because you may not necessarily feel you are receiving a reward from it. However saving pays off, especially as a single mother.
Im Broke, How Can I Afford...
I'm still amazed every time someone comes to me complaining that they don't have any money to put into their business and that they're broke.I mean what have you been doing with your money man?!?Plain Truth: If you don't have any money you won't make it my friend? it's that simple.
Top 10+ Ways to Jumpstart your New Year's Finances!
Of course, these don't have to be done in any particular order! Just pick one or two that particularly apply to your situation. * Create your 2005 filing system.
Save On Food - Ten Tips
To save on food, be an opportunist. Buy what you like, but buy on sale.
Are You Ready To Be Fired?
Your boss has just informed you that your department is being reduced by two and you are fired. After he leaves, what are you going to do?This is not about finding a job it's about being prepared for financial change.
Are You Sick of the Financial Insecurity of Fluctuating Seasons and Income?
Finding a stable and secure income that will come year in, year out, no matter what happens on the farm, will give you real peace of mind. By investing off farm, you are not only providing a secure income now, but also preparing for retirement.
Vacations Made Easy: Buying a Florida Investment Property
Vacations Made Easy: Buying a Florida Investment PropertyA relaxing beach vacation means different things to different families. However, imagine returning from a long day in the sand and waves, hair dripping and tan glowing to a place where you and your family have settled over the years.
Financing Collectibles for Fun and Profit
With the advent of the internet and especially auction services like those provided by Yahoo and E-bay, serious collectors have much larger arenas in which to buy and sell their wares. This provides the opportunity for quick discovery of hard-to-find items that previously might have taken years to find.
Avoiding A Nightmare On Renovation Street
You've decided you want a bigger, better and more desirable house. How do you determine when to renovate, what to do and importantly, how much will it cost and will we get our money back?Unless you're in the building industry, most people are fairly naïve when it comes to making decisions about renovating.
Simple Ways to Save Money
Things are so expensive these days. We seem to be hearing, and saying, that a lot lately at the gas pump, in the grocery store and especially when paying bills.
Estate Planning Basics
You have probably accomplished a great deal with your life. Over the years you have worked, planned and saved.
UK Parents Inactivity Harming Their Children's Future University and Mortgage Savings
The British government at the beginning of this year officially launched its Child Trust Fund (CTF) initiative in an effort to encourage parents and children to develop the savings habit and to teach children the value of saving their own money.Chancellor, Gordon Brown said, "The Child Trust Fund is designed to ensure that every child in our country has assets and wealth and that no child is left out and all children in Britain have a stake in the wealth of the nation".
Grocery Savings - Your Kitchen is a Goldmine!
Your food budget is the most flexible area of your household budget. Grocery savings will free up a significant amount of money if you need to balance the budget, or fund your savings accounts.
Identity Theft is a Major Problem: Whose Responsibility is It to Protect the Consumer?
We have heard a lot about consumers' personal information getting into the hands of identity thieves. More and more people are taking steps to minimize their exposure to such theft by reducing information on personal checks, refusing to share social security numbers with just anyone who asks, being prudent in their use of credit cards, and shredding "junk" mail that might allow another person to pose as them.
Introduction to Australian Superannuation
Australians, in general, constitute some of the worst savers inthe world. Current estimates suggest that, on average, Australianssave just 4% of their income.