Brooke BarleyWed, Jun 4, 2025, 6:01 PM 2 min readWhen paring down a budget, some might think that means eliminating anything fun-especially when there’s debt to pay off. Entrepreneur and author of “I Will Teach You to Be Rich” Ramit Sethi insists that’s not true, even if a consumer has unpaid debt. In a recent video Sethi posted on his Instagram, he said “I believe in living a rich life today and living a rich life tomorrow, even if you have debt.”His video went on to detail three ways that consumers can find some wiggle room in their budgets. These are methods that Sethi said most people “won’t even miss.” Read on to find out how to find these hidden savings.Cancel Unwanted SubscriptionsSethi’s first suggestion was for people to look at their subscriptions and see if there are any they wouldn’t mind canceling-or didn’t even remember they were subscribed to. According to a recent statistic, around 85% of people have at least one paid subscription that they don’t use every month. This comes out to about $32 a month or almost $400 a year. This could be a tremendous savings that consumers can net without changing their routine at all. Check bank and credit card statements for recurring charges during an entire month to see every subscription, then determine if there are any that can get the boot.Switch Insurance CarriersSethi recommended that individuals call their insurance companies (car, renters’, pet, etc.) and say “I’m shopping around for a better rate. What can you do for me?” If the insurance company is unable to offer a better deal, switch carriers. Most consumers who had switched carriers in the past five years earned a median savings of $461. It’s a good idea to look into competitors’ rates about every six months or so to make sure you have the lowest price.Monitor Impulse PurchasesImpulse spending can be anything from a Doordash order or a cute shirt in the mall. Americans spend about $150 in impulse purchases every month. Keeping those to a minimum can save consumers more than $1,000 a year.These types of purchases are typically fueled by emotions. Maybe shoppers will splurge on a cookie during a bad day, or buy a magazine in a checkout line because the cashier is taking a long time, and shoppers are bored. It’s important to determine the reason behind these purchases and see if there are other ways to solve that problem. Finding free or cheaper ways to fill time or cheer someone up is key to spending less on impulse.Sources:Ramit Sethi’s InstagramSelf – The Cost of Unused Subscriptions 2024Consumer Reports – How to Save Big on Your Car InsuranceRamsey Solutions – Impulse Buying: What It Is and How to StopThis article originally appeared on GOBankingRates.com: How To Save Hundreds With 3 Steps, According to Ramit SethiTerms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures5,957.00 +11.00 (+0.18%)Dow Futures42,473.00 +104.00 (+0.25%)Nasdaq Futures21,595.75 +13.50 (+0.06%)Russell 2000 Futures2,109.40 +10.00 (+0.48%)VIX18.48 +0.87 (+4.94%)Gold3,390.60 +15.50 (+0.46%)PortfolioSign in to access your portfolioSign inTop gainersNEGG Newegg Commerce, Inc. 10.53 +4.25 (+67.68%)NBIS Nebius Group N.V. 46.30 +6.91 (+17.54%)SATS EchoStar Corporation 19.03 +2.83 (+17.47%)GEF Greif, Inc. 63.68 +8.61 (+15.63%)AG First Majestic Silver Corp. 8.41 +1.13 (+15.52%)Top losersPVH PVH Corp. 66.30 -14.51 (-17.96%)BF-B Brown-Forman Corporation 27.25 -5.95 (-17.92%)BF-A Brown-Forman Corporation 27.41 -5.72 (-17.27%)LYEL Lyell Immunopharma, Inc. 11.46 -2.01 (-14.92%)TSLA Tesla, Inc. 284.70 -47.35 (-14.26%)Most activeTSLA Tesla, Inc. 284.70 -47.35 (-14.26%)LCID Lucid Group, Inc. 2.1300 -0.1000 (-4.48%)NVDA NVIDIA Corporation 139.99 -1.93 (-1.36%)APLD Applied Digital Corporation 12.77 -0.48 (-3.62%)F Ford Motor Company 10.10 -0.14 (-1.37%)Earnings eventsTrending tickersTSLA Tesla, Inc. 284.70 -47.35 (-14.26%)LULU lululemon athletica inc. 330.78 -4.41 (-1.32%)CRCL Circle Internet Group 83.23 +52.23 (+168.48%)AVGO Broadcom Inc. 259.93 -1.15 (-0.44%)DOCU DocuSign, Inc. 92.90 -0.94 (-1.00%)Top economic eventsPowered by Money.com - Yahoo may earn commission from the links above.