TIPS FOR SAVING MONEY
- Are you a smoker? Have you ever added up weekly, monthly and yearly costs of cigarettes? If you smoke a pack/day, that is somewhere around $4-5/day. That equates to about $1,900/year! That's a lot of money to be spending on a vice that will eventually kill you!
- When shopping for clothes for you and your
family, try and buy second-hand. According to United States Bureau
of Labor Statistics and their Consumer
Expenditure Survey, the average American spends close to
$2,000/year on clothes and basic upkeep. If you buy used clothes
from Ebay and/or your local consignment shops, you can cut that cost
by at least half. $1,000/year saved!
- If you are having problems paying your mortgage, and are contemplating downgrading and moving to a smaller house, consider the cost of the move. It can cost thousands of dollars to move. Are you really going to be saving that much money? Have you ever thought about renting one of the spare rooms in your home? If you live in a metropolitan area, you are likely going to be able to get at least $400/month from a renter. That's almost $5,000/year into savings!
- Alter your driving routines. That means getting involved in a carpool or using public transportation. People don't realize how much money they will save only until they share their driving costs with others.
- Avoid going out to eat! Did you know that
the average consumer spends close to $2,500/year eating out!
Even if you are able to cut that cost in half you will be saving
over $1,000/year! WOW! Learn
how to save on groceries.