Cutting Out These 15 Expenses Will Save You $9,650.34

Brokerage Commissions

Traditional full-service brokerage firms can charge you hundreds of dollars per trade. Well-known, reliable discount brokers like Fidelity still have brick-and-mortar branches and only charge $4.95 per online stock trades. To cut costs even more, you can do your trading with online-only broker Robinhood, which charges zero commissions on stock trades.

Monthly Savings: Variable — $100 or more at a rate of one trade/month
Annual Savings: Variable — up to $1,200 or more at 12 trades/year