Luxuries and Unnecessary Expenses
It’s easy to commit to expenses for goods or services that sound appealing or necessary — and then end up not getting your money’s worth. If you pay for weekly housekeeping, try to cut back to twice a month. Cancel subscriptions to magazines or newspapers that are piling up without being read, or membership at the fitness club you never visit. These and other cost-cutting tips are a few examples of how you can begin the journey toward meeting your financial goals for your retirement.
See Also: 99 Great Ways to Save >>
12 Cost-Cutting Tips
|
Estimated Monthly Savings
|
|---|---|
| Cut out one restaurant per week | $40-$100 |
| Make coffee at home |
$20-$50 |
| Use coupons |
$20-$40 |
| Rent a DVD |
$10-$20 |
| Buy generic drugs |
$20-$40 |
| Downsize from premium to basic cable | $10-$40 |
| Use public transportation or carpool | $40-$60 |
| Keep tires inflated and engine tuned | $5-$10 |
| Explore basic phone plans | $20-$30 |
| Cut energy costs |
$25-$100 |
| Get free checking |
$5-$10 |
| Use only your bank’s ATM | $5-$10 |
| TOTAL SAVINGS |
$220-$510 |
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