Thursday, June 10, 2010

The Easiest Way to Save Money

Being frugal and saving money is very popular right now. There is talk about using coupons when items are on sale and stockpiling and while there are good ways to save money you still are putting out money.  The problem is not many people are talking about the easiest way to save money which is to stop or cut back on spending. Spending needlessly.

Cut spending. Yes it's simple in concept, but it's not easy for everyone to actually do.

There are many reasons why people shop and spend money. Some are perfectly legitimate reasons such as groceries, bills, housing, auto payments and maintenance. We're talking about the trips through the drive thru, the coffee shops, all the extras that end up in the shopping cart during routine trips for groceries, and food delivery when you're too tired or busy to cook.

Simple things you can cut from your spending.
* Movies - Rent for free from library instead of rental places or expensive pay-per-view fees
* Cut Premium Channels - speaking of movies if you happen to have cable or satellite choose a package without the premium channels. Those channels are usually full of older movies and they play the same ones over and over again. If there is a movie you really want to watch - rent it for a RedBox for $1 plus tax a night.
* Gym Memberships - Take up walking or running, use free weights and do calisthenics such as sit ups, push ups, and jumping jacks.
* Shop with a list - Plan ahead and buy only what's on your list. Look at your week ahead and plan meals, activities, etc. to avoid eating on the run, trips to the stores for 1-2 things and impulse purchases.
* Organize a carpool - Gasoline is constantly rising so split the cost between everyone in the carpool.
* Bag Lunches - Pack lunches for yourself and your family to avoid buying lunch at school or fast food restaurants. This could save you a lot over the course of a month.

Here are a couple easy ways to use what you have.
* Instead of renting a new movie watch one of your all time favorites - that's why you bought it, right?
* Go through your cabinets and refrigerator and make your meals from those foods. Search online for recipes containing the foods you have on hand.
* Cut out extra trips to the store for missing ingredients, try to find substitutions or make another recipe.

The best way to save money is to not spend at all. Try to find little ways to cut costs that won't make much of an impact on your day-to-day life.

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