Whether you are a W-2 employee or a business person it makes sense to develop the savings habit. Consider the following:
1. Auto and Home Insurance: You will be surprised at the difference in rates if you do your homework. I have saved thousands over the years by comparing every 1-2 years.
2. ATM fees: There is no reason to pay these. Find a bank that reimburses these fees. I have.
3. Don’t pay for a checking account. This is foolish.
4. Negotiate, negotiate, negotiate! There is no final price until you say so!
5. Watch for sales. I was going through a Walmart the other day and saw summer shirts for $3. I bought three!
6. Pay less at the grocery store. Use coupons. Coupons you may say! Yes! Plan ahead. Don’t buy name brands, you pay more for nothing.
7. Utilities. Adjust your thermostats summer and winter. This can decrease costs by 3-5%.
8. Only use basic phone service and use a calling card for long distance.
9. Limit eating out. You’ll save money not only on food but on clothing. (You won’t be gaining unnecessary weight!)
10. If you have a mortgage, pay an extra 10% every month. This is equivalent to paying an extra months payment.
Money saved is money earned.
Jacques
CreatingWealthThatLasts
2 comments:
Hello Jacques,
Those are great ideas for cutting costs. At this time with things as they are now that is very needed. Thank you for the good advice to help our wallets.
Dan and Deanna "Marketing Unscrambled"
Hi Jacques great ideas .. I've been looking at cleaners and the old fashioned soda crystals are so much cheaper than the branded drain cleaners .. for my uncle - not me!
The old fashioned ways are considerably cheaper ..
Thanks - Hilary Melton-Butcher
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