Are you saving for a home? While it may feel like building up the down payment is not an easy goal to accomplish, it’s worth achieving in the long run. To reach that goal, financial advisors assure us that budgeting helps. Here are some ways to rein in your spending that may be less painful than you think: 

1. Plan meals ahead and shop with a list. Planning out your meals for the week and shopping with a list can rein in food costs big time. As tempting as store displays may be, resist the urge to splurge. 

2. Stop buying brand name products. When shopping, you may automatically reach for the branded products you know. But many generic brand products work just as well as their branded counterparts and cost considerably less.  

3. Don’t buy bottled water. It’s a $20 billion industry that is costing you money. Buy a water filter, if you need to, and carry a reusable water bottle. 

4. Make your own coffee. Americans love their coffee, but if you’re spending $10 to $25 a week at the corner shop, you are spending $500 to more than $1,000 a year. Make your coffee at home, carry a reusable cup and save your cash. 

5. Consider buying used. Whether it’s a car, household goods or even furniture, you can often find great buys on gently used items and save big bucks. 

6. Check your 401(k) fees. Congratulations if you’re stocking away funds for retirement, but paying high fees can reduce your savings. Check to see how much is being taken off the top and make changes as needed.  

7. Consolidate student loans. If you’re paying down multiple loans, consolidating them may save you money and/or extend the repayment period. 

8. Don’t pay unnecessary bank fees. If you’re paying monthly fees, shop around for cheaper banking services. Don’t use an ATM out of your network, and be sure you have fee-free checking. 

9. Turn up the thermostat. Save on cooling costs. Turn up the thermostat a few degrees, and use a fan instead of the AC, especially during the night.  

10. Check your tires. According to the Department of Energy, you can save as much as three percent a year on gas when your tires are properly inflated.  

These ten tips for cutting spending might seem insignificant, but they can add up, and can contribute to the down payment on the home of your dreams.  

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*Adapted from an article published by RISMedia 

This material is meant for general illustration and/or informational purposes only. Although the information has been gathered from sources believed to be reliable, no representation is made as to its accuracy.