Are you willing to work to boost your personal savings beyond what you are doing right now? Do you think you can save more money?
You might not think it’s sexy, but you should pack your lunch at work. If you do, you will save a lot of money over time. We are not talking about small amounts. Casual restaurants and expensive ones alike are….expensive. If you want to save money, don’t eat out.
And that also means cut back on eating out across-the-board. At night. On the weekend. All the time. Then, take the money you would have spent and put it in money market savings.
Negotiate. Always. You don’t have to buy “it” from this retailer or that one. You can choose. You can negotiate, and you will save.
Save money on utilities. Call your provider and see if they do a free review of your home’s energy efficiency. Turn the thermostat down. Turn off lights, appliances and air conditioning and heating when not necessary. Focus on conservation of energy of all types – it really will shrink your bill.
Track every single expense. If you spend money on it, track it. This is like a diary or journal. If you track the behavior, you will gain insight and you will learn where you are “leaking money.”
Seek and find free entertainment. You can do this with books and movies from the library or free movie events in community centers or parks at times. You can also seek out free live concerts and more. You simply have to keep your keen eye open for “free fun.”
Make an effort to cut down the trips you make in your car. Consolidate your trips so you save gas, time and…yes, money.
Shop strategically. When you use coupons, only purchase things you normally purchase. Buy in bulk, but always compare unit costs to make sure you are truly getting a deal. Otherwise, you are only participating in marketing.
Compare prices on car and home insurance Vs potential new providers. Put all insurance under pressure and put the savings in….you guessed it…SAVINGS.
Always watch the “up sale.” This happens everywhere – on the phone, at restaurants, credit cards, et all. (Credit cards are the devil; you can’t own credit cards – credit cards own you).
Compare prices on mobile phone plans. Negotiate with your current provider once you have checked out at least two others. Treat it like a business person would – focus on reducing costs by percentage or all together.
Don’t think you can reduce bills altogether? Cut out your landline 100%. If you have a good cell and good cell service, cut the cord and boost the money you were spending on a landline to SAVINGS.
Take every bill that comes to your home and call each individual company to ask them how you can reduce your monthly bill by 10 – 15%. Businesses do it – why can’t you?
Call the cable company and ask what their most basic channels package cost. No, not basic cable – the basic channels package. Put the amount you save in – yeah – savings.
If you read our blog or have read our “How To Survive Any Financial Crisis” ($4.95t @ http://www.middleclassmoney.com), you know we are against investment fees or a wide variety of fees. Seek opportunity to eliminate fees – no matter how small.
The entire game is this: Reduce and eliminate debt (starting with credit card debt). Use any trick to save more money and always think of ways to put your savings to work for you in a variety of ways.
Keep checking in with us to find unique ways to save, invest and build your own “Asset Train™.” We want to help you develop your own plan for saving and investing. You can do it!
SAVE MORE THAN MONEY
In this country we don’t do enough to teach our children about money, managing money, saving regularly (and automatically), compound interest and steady investing for a long-term future. As a parent, we are always concerned that they get a good education and go to a good college so they can make a lot of money or have a valued career path. The truth is that we could do our children the biggest favor and one of the best things by sharing with them sound saving and investing principles.
You can join our free Facebook group (or have your children do it, too) by searching in the Facebook bar on your “wall” for “Live The Lifestyle Your Family Deserves.” Click on “become a fan.” It’s free and it ties our free blogs into that group.
If you want to give your children the same information we are giving ours, you can purchase the only thing we sell on any of our blogs or groups. It’s called “How To Survive Any Financial Crisis” and you can get it for only $4.95 at http://www.middleclassmoney.com.
Thank you for reading our blog and good luck!