- Personal Finance
Ways to Save Money That Count
There are countless ways to save money, but they must actually make a difference to your bottom line. Nickel-and-diming every little thing is not only boring, but exhausting for you and everyone around you. If you pick your savings in key areas, there will be enough left over for the finer things in life such as occasionally eating out, going to a movie or paying down debt.
Yes, paying down debt is considered one of the finer things in life because it is freeing you from credit-slavery, in other words…working for your creditors.
An example of nickel-and-diming would be to drive a couple of miles further to save a few pennies on gas – does that really make sense? You just spent those pennies anyway by driving there! However, many people will actually do this without thinking it through. Gas is something that is difficult to save on unless you cut way back on driving, car-pooling or trade your car in for a hybrid. It is better not to under-budget for gas and save on areas that make more sense.
For instance, as of 2010 AT&T UVerse charges up to $7 for one HD on-demand movie….that is just ridiculous and a poor use of good money. You can save dozens of dollars monthly by getting the same movie at Redbox or online streaming video.
Other common ways to save money are reducing or dropping gym memberships, daily Starbuck’s coffee, brand name items, booze, cigarettes, clothing and so on. Use common sense when budgeting and forecasting for these categories and know that you can do without many things if you really put your mind to it.
Try buying only what is necessary to start and add in a few luxuries here and there to keep from feeling deprived. The goal is to be debt-free with plenty of money in the bank for unforeseen emergencies – and as everyone well knows – these emergencies do happen. It’s better to have cash on hand than to risk being broke with all credit cards maxed out.
Sit down today and make a list titled, “Ways to Save Money”. It’s the first step toward financial freedom!