|
|
|
Tips on Saving Money
The key to saving money is spending less than you earn. This may seem like a basic concept, but many fall short of actually doing so. Below are some ideas on how to save more of your hard earned money.
- Save gas by taking public transportation, bike or carpool to work
- Have a garage sale
- Quit smoking
- Adjust your thermostat
- Downgrade your television, cell phone, or other services
- Take advantage of your employer's flexible spending account
- Use coupons or other promotional codes
- Buy in bulk
- Limit eating out, check and see if your city has a "Restaurant Week"
- Rent a movie instead of going to the theater. Catch a matinee.
- Share with friends. You can trade books, magazines, or movies
- Check out free things to do in your city for entertainment
- Take your lunch to work, drop your $4 latte habit
- Make a list BEFORE going to the store
- Pay bills on time in order to avoid late fees
- Get a library card
- Buy used (car, bike, lawn mower, etc). Check out ebay, craigslist, or similar sites
- Get a roommate or rent out a room
- Forgo your gym membership and run outside or exercise at home
- Use cash instead of credit cards for daily purchases
- Drink tap water instead of bottled
- Consider a taking a vacation closer to home
The best way to save money is to learn how to distinguish between your needs and wants. Impulse buying is the number one culprit of over spending. Take some time before making major purchases and try comparison shopping. Then pick out a few tips from the list above that will work for you and incorporate these money saving habits in your daily routine. Check out our tips for long term financial planning in order to turn your daily savings into a significant investment.
|
