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Sunday, February 6, 2011

What Are Some Quick Ways to Start Saving Money?

There are all kinds of ways to cut back and save money. With just a few simple ideas, I bet you could find a way to save at least $100 a month. Once you get started, I challenge you to keep going and find ways to cut back even more. So not only are you saving, but putting more towards your debt. Do whatever you have to do to be able to save $100 a month and then put it in savings or put it towards your debt. Here are a few ideas to get you started:
  • Buy store brand or generic brands whenever possible. Be sure to have a list with you when you shop and stick to it to avoid impulse buying. If you are able to, buy generic versions of the medicines you take. Buy items that are on sale.
  • Take good care of your car. Keep it running efficiently by getting it tuned up, keeping the tires properly inflated, and use the least expensive gas with the proper octane rating for your vehicle.
  • Stop your magazine subscriptions. Rent a a movie from Redbox instead of going to the movies. Look for alternate forms of entertainment like museums, zoos, a walk in the park, or picnics with family and friends. Get books from the library. Hey, that one is free.
  • Buy items on sale for holidays and birthdays. Have a budget for what you are going to spend. Remember, it's about the thought.
  • Set your thermostat to 68 degrees in the winter and 78 degrees in the summer to save on your utility bills.
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