More...How To Save $100 or More This Year
Forget the, “Need money for food” sign or digging in the dumpster. Instead, set up a personal savings goal and find a systematic way to cut down your spending habits.
You Will Need
- Modest attitude
- Shopping list
- Cellphone with FREE nights+weekends plan
- A fee-free ATM and credit cards
Step 1: Pick a bank wisely
Look for a bank that doesn’t charge fees for a checking account and ATM/debit cards. If you have direct deposit, some banks will waive the fee. Also look for a bank that is predominant in the area you reside or if you travel, has world-wide locations. When withdrawing cash, only use your bank. Other banks may charge up to $3.00 for withdrawal.
Step 2: Take advantage of your utility's load management
To reduce power demand and, thus to save on electricity bills, allow your electric company to switch off water heater or air conditioner briefly during the times of high demand.
If you have a choice in the way you prepare your meals, choose to use your microwave instead of your conventional oven whenever possible. Microwaves save up to 50% in energy costs for cooking meals compared to ovens.
Step 3: Go grocery shopping with a list and stick to it
Having a shopping list will keep you focused while shopping at a local supermarket. It forces you to buy only the foods you need. Compare prices among brands and go with the cheapest brand.
Step 4: Buy in bulk
Look for weekly savings coupons in the store’s circulars or flyers. If products are on sale, especially products such as toilet paper, napkins or diapers, stock up for the next few weeks if possible. Continue stockpiling each week as different items on sale rotate from week to week.
Step 5: Switch from using landline to mobile service
In today’s fast-paced world, nearly everyone owns a cell phone. Using your cell phone instead of the landline service allows you to make most of free weekends and free long distance.
Step 6: Save gas money
Keep your engines tuned and tires inflated to the proper pressure. Drive only when you must. Otherwise, use public transportation, bike or walk.
Drive at the speed limit. Cars use about 20% more fuel driving at 70 miles per hour than they do at 55 miles per hour.
Step 7: Forgo shopping at boutiques
Department stores such as Century 21 and sample sales offer some of the best bargain prices with designer clothing at 40%-70% of retail prices .
Step 8: Cut the airfare cost
By buying airline tickets in advance, traveling during off-season months, and avoiding traveling during peak hours and at crowded airports.
You can earn free airline tickets without ever flying these days. Airline frequent-flier ticket programs have partnerships with hotels, phone, rental car and credit card companies just to name a few. Use these services and you’ll be flying free in no time.
A mere 3 percent annual rise in prices will double the cost of everything within 24 years. At that time, you’ll need twice as much money as you do today to live as well as you do now. – Source: http://www.wife.org
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