Saving amidst COVID-19 has been challenging for many people; however, there are some new ways to save more money.
Some expenses have virtually disappeared (e.g., dining out) and others have gone up. Did we mention childcare?
As always, start with things and subscriptions you don't need or use. If you're not on top of your bills and need help negotiating your subscriptions, there are services like Truebill that help you cut down your spending.
With home rental prices plummeting, it may be a good time to negotiate your rent. Most people don't realize negotiating rent is an option. Just because you have to pay rent doesn't mean you can't negotiate a great deal and save some cash. Research comparable rentals in your market, don’t forget to factor in amenities (like parking, pool), and time your negotiations. It's a renter's market right now.
Insurance is another bucket that you should look into carefully. In particular, car insurance—expect to pay less as you're driving less. With home insurance, it's a mixed bag—prices are going up in some parts of the country due to natural hazards.
When your insurance is up for renewal, you can use auto and home comparison shopping services like Insurify (a Finny community favorite) to find the best possible price. And feel free to chime in on the discussion thread below if you have any specific questions.