How to Save Money Using Simple Techniques
It is 2009 and the world is officially in a recession. As a result, many people are losing their jobs and others are stuck in salary freezes. Because of all the uncertainty many people are trying to cut back on their monthly financial needs. There are many how to guides [http://www.infobarrel.com] around the net focusing on cutting costs, this guide will talk about cutting down on simple luxuries to potentially save you a ton of money.
First of all, minor luxuries need to go. If you are a coffee drinker, brew your own coffee at home and get yourself a nice big stainless steal thermos. Buying a coffee or two every day will add up extremely quickly. Even at $2 a coffee, you are looking at $60 a month, of $720 a year.
If you buy your lunch every day, spend a little time before you go to bed and pack yourself a lunch. I used to spend $10 a day on lunch, I cut back and made the same thing at home for less than half that. I changed my diet a little bit more, and I managed to pack my lunch for less than $2 a day. That includes a protein rich meal that is filling! $10 a day, over the course of a year is $3650; you could insure two cars for that price.
If you constantly chit chatting on your cell phone, you can hypothetically cut your cell phone bill in half. Reduce your cell phone package to the cheapest package available and add free nights and evenings. During the day, when your phone costs money, forward it to your home or work phone to prevent yourself from racking up a massive phone bill. If you need to text message or chat, send emails through your computer as text messaging adds up much faster than most people think.
Smokers, there is no better time than the present to either cut back or quit. Of all the things to cut back on this will probably be the toughest for you. Maybe you aren't ready to fully quit smoking, but how about tapering back your smoking? If you smoke a package of cigarettes a day, you are looking at around $8 a package, or just shy of $3000 a year. If you cut your cigarettes down to half a pack a day that is a $1500 a year savings, over $100 a month.
This is just a small sample of things you can do to save money. There are hundreds of other things you can do to save money. By just implementing a few of these simple techniques, you can reduce your monthly costs between $60 and $600 a month. The recession is here; it is real and will most likely affect most people, buckle down and get your finances in order before the recession affects you.
First of all, minor luxuries need to go. If you are a coffee drinker, brew your own coffee at home and get yourself a nice big stainless steal thermos. Buying a coffee or two every day will add up extremely quickly. Even at $2 a coffee, you are looking at $60 a month, of $720 a year.
If you buy your lunch every day, spend a little time before you go to bed and pack yourself a lunch. I used to spend $10 a day on lunch, I cut back and made the same thing at home for less than half that. I changed my diet a little bit more, and I managed to pack my lunch for less than $2 a day. That includes a protein rich meal that is filling! $10 a day, over the course of a year is $3650; you could insure two cars for that price.
If you constantly chit chatting on your cell phone, you can hypothetically cut your cell phone bill in half. Reduce your cell phone package to the cheapest package available and add free nights and evenings. During the day, when your phone costs money, forward it to your home or work phone to prevent yourself from racking up a massive phone bill. If you need to text message or chat, send emails through your computer as text messaging adds up much faster than most people think.
Smokers, there is no better time than the present to either cut back or quit. Of all the things to cut back on this will probably be the toughest for you. Maybe you aren't ready to fully quit smoking, but how about tapering back your smoking? If you smoke a package of cigarettes a day, you are looking at around $8 a package, or just shy of $3000 a year. If you cut your cigarettes down to half a pack a day that is a $1500 a year savings, over $100 a month.
This is just a small sample of things you can do to save money. There are hundreds of other things you can do to save money. By just implementing a few of these simple techniques, you can reduce your monthly costs between $60 and $600 a month. The recession is here; it is real and will most likely affect most people, buckle down and get your finances in order before the recession affects you.
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