quit smoking: 1. cigarettes ain't cheap, 2. tobacco taxes are high and generally climbing, 3. extra health care and health insurance costs are a certainty. That doesn't even include better quality of life- which is priceless.
* Get the RIGHT Credit card (One that pays you CASH not points). I use a Costco AMEX. There are others just as good. * UNDERSTAND how your card works. * DO NOT carry a balance / PAY YOUR BILL IN FULL every month.
* Invest; Don't speculate (gamble) on stocks unless you are an educated and trained professional and ready to lose what you put in. * Invest on a so-called "Forced Savings" plan you set up for yourself. i.e. payroll deduction where you pay yourself before you pay anyone else. * Don't dip into your investment account for "important" stuff like cars, a bigger house, a house instead of an apartment, Big Screen TV, etc. If you can't dip into your wallet to pay off that credit card in full next month, then you can't afford whatever it is you're interested in buying.
* Debt is a tool, and it can be your friend if used responsibly, but most people really don't understand it and are often overwhelmed when their past decisions come home to roost. Treat debt like you would a loaded handgun.
I would never tell anyone how to save money. How someone spends their money is none of my business. If anyone wants to go into debt, which turns their home into a short-sale/foreclosure, then I'll be there to 'help' aka help myself. One person's debt is another's opportunity. Mind your damn bizness unless you're making $$$ on it.
kenyanboy said: I would never tell anyone how to save money. How someone spends their money is none of my business. If anyone wants to go into debt, which turns their home into a short-sale/foreclosure, then I'll be there to 'help' aka help myself. One person's debt is another's opportunity. Mind your damn bizness unless you're making $$$ on it. I'm pretty sure OP asked for suggestions. If you have nothing to contribute, move along.
KayK said: Here's another one that I just thought of. Drive at max 65 mph. The savings due to better gas mileage would add up nicely. While I agree with the gas savings, if you are going to do this, please, please, please, do not drive on the left lane(s) --- even if the posted limit is 65.
iLoveTahoe said: Buy (and use) a Waterpik.Flossing seems to remove more bacteria, and my current dentist and the dentist I had as a kid did not like Waterpiks because they drive bacteria in the gums into the bloodstream, and that can damage heart valves.
2cheapforU said: Plant a garden to supplement your grocery expenses each month. That way you can have tomatoes when some industry made disaster runs up the price.I thought most supermarket tomatoes were industry made disasters.
king0fSpades said: US1549 said: Bag lunch to work. Cost of a ham sandwich $2 VS. going out of $5-7
Ham sandwich? Why are we even living? How about become homeless or suicide? If a person cannot enjoy a decent lunch what is the purpose of life? Should look into getting a better career.
Lets do the math, 22 days of work/month, saving just $1300 per year and eating crap for whole year and rest of your life? This is an absolutely ridiculous suggestion. I never did this in my life did this and I turned out OK.
Well shucks. I take PB&J to work nearly every day. You can already see that I did not turn out OK.
gordoco said: When you get a raise, put most or all of it into savings rather than increasing spending.
And when you get a bonus, put all of it into your traditional/roth 401k (as long as you won't go over maximum contributions for the year). It's a bonus, you shouldn't be expecting that when you budget. When you are young, doing this will let it compound faster without affecting your lifestyle. It will be hard as you get older, married and have kids.
No reason to go with expensive phone contracts when you have so many options such as $45 Straight Talk, $40 Simple Mobile or $30 T-Mobile monthly 4G. Buy refills separately from callingmart.com and other stores to avoid paying regulatory fees and at discounted rate vs. auto-refill from prepaid service provider.
Obihai OBI110 VoIP + Google Voice for home phone = $0/month.
If you smoke, grow your own tobacco to avoid "sin taxes."
If you live in a hot climate, paint the roof white or install an attic fan to reduce the need for cooling. Put foil over windows that receive too much sun, or fit them with awnings.
In cold weather, use sweaters, a heating pad or an electric blanket instead of heating a whole room or building.
If you shoot often, get a reloading kit.
Keep a fire extinguisher by the stove and carry one when traveling by car. If you smoke, keep extinguishers in the living room and bedroom too.
Avoid Rent-a-center; instead use Freecycle or Craigslist, or drive around on "big trash day", to find used furniture and appliances.
The interest rate for underpaid income tax is often less than for other debts.
If you live near a public library, get a library card and a Wi-fi panel antenna. The antenna may allow you to use the library's wireless service even off the library's premises. Even if you can't, the books, music and videos are an inexpensive source of entertainment and education.
Conserve water by showering with friends and neighbors.
When police come to the door, do not admit them unless they have a search warrant.
Instead of buying bottled water, get a water filter and a durable bottle.
Boost gas mileage by not carrying excess weight in the car, for example snow chains in summer.
Buy gasoline early in the morning: it is sold by volume, and will be coolest and densest at that time of day.
Keep your billfold or wallet on a chain or shoelace to avoid loss or theft.
cut water bills significantly - brush teeth w/o running water. shave with sink fill instead of running water. shower faster with efficient heads. efficient toilet. fill dishwasher/washing machine before running. rain sensor for lawn watering.
2cheapforU said: Plant a garden to supplement your grocery expenses each month. That way you can have tomatoes when some industry made disaster runs up the price.
I would have to disagree. Depending on your location, this may cost more than just purchasing produce at the store when you add in opportunity cost for time spent gardening, weeding, watering, etc..
I love to garden and grow one every year for the quality taste of the produce. If you have never had a home grown peach or tomato then you do not know the how good they are. I refuse to buy tomatoes at the store due to poor taste/texture.
The one item I would add is to build up an emergency fund and then not live paycheck to paycheck. Don't buy things unless you can afford to pay for it at that point in time. The one exception being a home for your family.
suderduperloo00p said: Stay away from big box stores like wal mart. Always end buying more than originally wanted to. Learn self control. I buy the least at Wal-Mart, the most at ALDI, since they have better prices on most the items I purchase regularly.
Thrift stores 1)entertainment value 2) if you go to the right ones, you can get dress clothes donated by people who write off new suits, etc annually 3) can find rare/ valuable stuff if you have a market for them
Take Ads of Aldi, Kroger or whatever grocery store you have in your area to WalMart and price match what's on sale in the other stores. Get a newspaper subscription when it is a promotion so you have a collection of Ads. Keep then in your car. Repeat Everyweek and save $$$.
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