It’s 2023, and the start of a new year is always a great time to make new savings goals. That might mean opening a savings account or saving more for retirement, but those aren’t the only ways to save money. Saving money may simply mean cutting back on expenses that are secretly draining your wallet.

 Here are five costs you can cut to save more money in 2023.

 1.     Gym Memberships

 Gym memberships are popular this time of year, but they can take a toll on your financial health. Failing to keep up with your new resolution could mean spending a lot of money on something you don’t use. If you can’t make it to the gym, try creating a home workout or cutting back on unhealthy foods instead.

 2.     Large Grocery Bills

 Grocery trips quickly spiral out of control when you lack a meal plan or shop hungry. You put unneeded food in the cart, which drives up the cost. Stick to a pre-set list with meals and snacks planned ahead of time. A plan will keep money in your pocket and unnecessary food out of your cart.

 3.     Expensive Vacations

 Fancy vacations sound nice, but they cause financial pain without a savings plan. Plane tickets, resorts, outings and souvenirs all quickly add up to thousands of dollars if you’re not careful. Take a cheaper road trip instead, or save up for your dream vacation using a Vacation Club Account.

 4.     Eating Out Too Much

 Eating out is a fun way to taste great food, but it costs a lot more than a homemade meal. Limit the amount of money you spend on eating out each month. Not only will you have less expensive meals at home, but you’ll also use more of the groceries you already bought.

 5.     Hidden Subscriptions

 There are so many subscription services out there; it’s only natural you’d forget some you have. Of course, a forgotten subscription payment is probably for a service you don’t need anymore. Make a list of all your subscriptions and save money by unsubscribing to unused ones.

 We’re excited to see how much money you save using these tips in 2023. If you need a place to put your new savings, explore our savings options.