Most consumers today are consumed with cutting down on expenses (probably due to their also being consumed by enormous debt). The fact is however that most of us are wasting money every single day on things that we absolutely don’t need and, because we don’t think about them, we keep wasting more.
Today’s blog will give you 5 excellent tips to quickly cut daily expenses starting today. Enjoy.
Tip 1: Bring lunch from home. If there was a way that you could save $50,000 over the typical 40 year career, would you do it? By bringing your own lunch from home you could save $25 a week (at least), which equals $1300 a year or, over 40 years, 50 Large.
Tip 2: Stop buying premium gasoline. Unless you’re driving a seriously high-end automobile like a Lamborghini, you don’t need premium gas. Depending on how much you drive you can save between $250 and and $500 dollars a year just by using regular gas.
Tip 3: Drink water when you go to restaurants. It’s well-known that restaurants markup the cost of their beverages, sometimes to ridiculous levels. On the other hand, they all give water for free and, for the typical American family, that amounts to about $800 in savings a year as opposed to drinking soda, juice, milk, alcohol and other beverages.
Tip 4: Use your local library. If you read a lot of books, purchase a lot of movies on DVD, have a lot of magazine subscriptions or all of the above, you can save between $200 and $500 a year by simply going to your local library and renting them for free.
Tip 5: Stop purchasing food and other items at a convenience store. Let’s be honest, unless you live really far out in the sticks, there’s probably a grocery store just as close to you as a convenience store. The fact that the latter charges nearly 45% more for the same items is a compelling reason to never buy anything there.
Just using these 5 tips alone couldn’t save the typical family between $2000 and $4000 a year. If you take that money and invest it, you could practically fund your retirement with the proceeds! If that isn’t enough of an incentive to keep these tips in mind, and start using them today, then truly nothing is.