Custom Search
|
|
3 Top Tips For How To Cut Your Expenses
These are my top three tips for how to cut your expenses. By using these tips, you will be able to save hundreds of dollars every month and improve your financial balance and get closer to the financial independence you have always wanted. And this would be a great basis to start building wealth on! Investigate the best deal for your mobile and landline phones and then switch to it! Most of us just assume that the big companies gives us the best rates and are most reliable anyways, so we sign a contract with one of them and forget about it. True, we complain that we have to pay hundreds of dollars and we don't get enough free minutes when we get the bill, but we soon forget about it thinking that there is no better alternative. Well, this couldn't be any more wrong! Take me. Until last year I had a Verizon phone and because of my business was making calls all across the country. I had free long distance, but only 1,000 minutes. I was paying $150 per month and I was always over it. In two months I ended up racking a bill of $1092 and then I had had enough. I looked into the local carriers in my state, Florida, and found one, MetroPCS, which offered me unlimited long distance and other minutes for only $58 a month. And you know what, I am sure that you yourself can find a similar deal in your state as well - just investigate the situation. Cut back on eating out and going out for drinks Have you calculated how much money you spend on your regular night out on the city, or are you too afraid to that? How often do you eat out and how much does that cost you? I know that these are uncomfortable questions, but you will have to face your demons at one point or another. Again, let me tell you my own situation. Until last year I used to go out for drinks with a friends at least a couple of days per week. It is fun sure, but with all the rounds of drinks and shots going around I always spent at least $30 per night, and that is the ones I could remember... Now, as for eating out, restaurant food is surely delicious, but it is always upwards of $10 per meal and that is in the cheap places, not to mention the fancy restaurants, where you can go up to $100 for you and your date. My solution to the first issue was to reduce going out for drinks to once per two weeks and to bring my own lunch to work and not eat out more than once a week, and to occasionally have cooking parties - that is more healthy and more fun, too! Shop at Wal-Mart, Sam's Club, Costco, etc. This is me until I took tighter control of my spending. I used to visit my local convenience store every evening after work and get what I needed for the night. Sure, I was aware that the prices there were higher than in the bigger and cheaper hypermarkets, but I did it anyways. After all, the daily amounts were always around $20-30, but when you add this up, it makes close to $1000 per month! So, my solution here is not a genius solution, but it does work at saving you money. What I did was to switch to bulk shopping every weekend at my local Wal-Mart, and also checking out Sam's Club and Costco for deals as well. Needless to say that I spent no more than $100 at one time, so this lead to a saving of almost 50%. Now I know how much I was being overcharged by my local grocery store, and I am glad that I stopped that transaction! Through these three tips I have given you three great tools, which can immediately save you hundreds of dollars every month. By getting a better deal on your mobile, cutting back on going out and eating out and shopping for groceries in a wiser manner, you could be able to regain a part of your lost financial freedom. But again, it is up to you to act on these tips, as they are not automatic. Of course, these tips are just the beginning. You would need much more than cutting down on your spending to become financially independent. If you want to start your own business, for example, you would need a credit. But my guess is that it is hard for you to get a credit as it is for a majority for Americans with bad credit score. So wouldn't it be nice if you could figure out a way to improve your credit score? Article Directory: http://www.articledashboard.com If you want to learn more about how to become a financial genius of sorts and restore your credit score, then please check out my website for some more free advice: profound-ebook-reviews.com/2010/04/03/37-days-to-clean-credit-can-solve-your-bad-credit-score-problems-in-37-days/ |
|