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July 2008 |
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Savings Section Scrimping on the Small Stuff Can Lead to Big Savings 
Here's a quick recipe to becoming a millionaire. Save $15.40 a day every day for 35 years and earn an 8% return, all in a tax-deferred account. To save $15.40 a day, you've got to sweat the small stuff. Here are some more tips to saving a few bucks.Cancel your newspaper and read it online. It's fun to get the paper delivered everyday, but many newspapers are offering the same content online for free. In fact, they usually offer extended content with streaming video and more. The free online edition won't last forever, but millionaire minded people will take advantage while it does. Plus, you won't have newspapers cluttering up your home. Skip the drink at lunch. If you go out to lunch, always decline the drink. First, soda isn't good for you. Second, these drinks are way over priced. They are usually about $1.75, plus sales tax. If you simply have to have a diet soda, buy it by the case at home for $.25 a can. Take a few to work and have one just before lunch to satisfy your craving. Don't buy greeting cards. Instead, find some nice stationery and send people handsome, thoughtful and personalized notes. Individual greeting cards cost around $2.50, plus tax. Nice stationery costs $1 a sheet. But, you'll also save time and gas because when you need a card, you just go get one from your desk instead of a card shop. When making a purchase, work all the angles. Retail stores will say just about anything to get you in to look at their wares. So, hold them to it. Some stores have a price guarantee and will refund the difference between the price you paid and the current sale price. Some even offer an additional 10-20% on top of the difference. And most will honor competitor coupons. Just do your homework beforehand. Look into consolidating your home phone, Internet service, cell phone, or cable service. Almost every phone or Internet company has some sort of bundle package to meet your needs. The more services you subscribe to, the more attractive the pricing becomes. Plus, you only have one bill to pay each month. And while you're at it, get rid of services you don't use like call waiting, call forwarding, etc. |
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