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Step 1
Realize that every dollar you don't spend, is another dollar you can add to your piggy bank. Small amounts can add to to a large sum and it's important to use that mindset if you want to spend less and save more money.
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Step 2
Evaluate everything you spend money on. Go over your bills one at a time, and cut where you can. Do you really need all of those TV channels? Cut back to a cheaper cable/satellite package, or get rid of it all together. Most libraries offer free DVD and VHS rentals and you can watch thousands of shows online for free.
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Step 3
See if you can save money on your insurance. Make sure you are getting all of the discounts you are entitled too, for example if you have a home security system you can often get a discount on your homeowners insurance. If you have taken a defensive driving course, you may qualify for a discount on your auto policy. Raising your deductibles will lower your monthly payments as well.
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Step 4
Save energy where you can. Use CFL bulbs, unplug things when you aren't using them, lower your thermostat, make sure your home is well insulated, close off rooms you aren't using so you can only heat the rooms you need, wash your clothes in cold water etc. See more energy saving tips in the related article in the resources section below.
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Step 5
Stop throwing away money. Use reusable cloth bags when you go shopping - many stores give you a discount for each of your own bags that you use. Buy cloth rags to use for cleaning instead of paper towels. Make your own cleaning supplies. See if you can cut down on your garbage bill by having fewer pick-ups and take advantage of recycling programs. Quit buying bottled water. Install a water filter and you will quickly recoup the costs and will have less waste.
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Step 6
Cut back on your food costs. Make more things from scratch, for example dried beans are much cheaper than canned. Eat more vegetarian meals. Consider growing some of your own food. You'll find doing these things can be healthier as well. Use coupons! Coupons are money in your pocket. Get free samples in the mail. You can get free samples for shampoos, food items and more.
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Step 7
Do other things such as paying your bills online whenever possible. You will save on the cost of postage and the cost of checks. Get your hair cut less often and consider using a less expensive salon. Be sure and look for coupons for this and any other service you use in your local newspapers or mailings.
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Step 8
Evaluate your own spending habits and see what you can cut out or spend less on. Every dollar adds up and you might find it can be quit simple to spend less and save more money.
Comments
dlcass said
on 12/12/2008 My husband is a genius at this, me? Not so much. Thanks for the reminder, my hubby thanks you too.