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Living on a Budget
by Jeanne Lee, AARP The Magazine, September/October 2010 issue
Saving money isn’t about just clipping coupons or denying yourself that daily latte. By attacking areas where you spend the most money—your home, food, health, clothes, car, entertainment, travel, and investments—you can save up to $10,000 or more: the equivalent of more than five years of forgone lattes. "I’ve always preferred to save a lot of money on a few things rather than a little bit of money on a bunch of things," says Elisabeth Leamy, ABC’s "Good Morning America" consumer correspondent and the author of Save Big.
Learning the new rules of saving also means taking full advantage of Internet and mobile tools, beating hungry retailers at their own game, and thinking like a consumer, not a patient, at the doctor’s office. For the shrewdest advice, we interviewed several of the nations’s most aggressive supersavers, including "Coupon Mom" Stephanie Nelson, "Cars and Money" blogger Jerry Edgerton of CBSMoneyWatch.com, and real-estate guru Ilyce Glink.
Here are their money saving tips:
Save Money at Home
Save Money on Your Car
Save Money on Your Clothes
Save Money on Entertainment
Save Money on Travel
Save Money on Health Expenses
Save Money on Food
Save Money on Investments
Featured AARP Member Benefits
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WayForth Home Transition Management
Free consultation and follow-up plan
Personal Loans from Marcus by Goldman Sachs®
No-fee personal loans
Members can save monthly on qualified AT&T wireless plans
Members can save 50% on prescription lenses
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