5 Ways to Save $100 a Month

July 20, 2008 at 5:15 pm Leave a comment

Saving money is something that many of us want to do on a regular basis. You never know when you’ll need extra cash or simply want to treat yourself to something special. Either way, consciously saving money on a regular basis is a great idea that allows you to live prosperously!

Here are 5 tips to help you:

1.  Create a budget that automatically allows you to save. Having a budget is a great way to track your spending. I love my budget because I am able to budget for my needs and wants in addition to saving because I know how much I’m spending every month. I’m able to save for my business in addition to graduate school. What could you be saving for?

2.  Is that new gizmo draining your wallet? Do you really need the super-duper techie phone with the $200 phone bill? Do you watch all 200 channels on your satelite cable? Think of ways that luxuries like technology might be affecting your wallet and whether or not you really need all those bells and whistles or are actually using those bells and whistles.

3.  Do not shop hungry. When you shop hungry, everything tends to look good. Eating 5 small meals through out the day is proven to speed up your metabolism and allow you to lose wait. Even if eating 5 small meals through out the day sounds like a bit much, carry a snack with you like some nuts or a granola bar to fight those hunger pains. Have a sanck before you visit the grocery store to prevent over eating and over spending.

4.  Go Generic.I know I have certain brands that I prefer for certain things, but not everything I buy is brand name and I suggest you purchase generic brands when possible. Save that cash and put it torwards things that are really important like that trip around the world or that dance class you’ve always wanted to take. When you pass on, the last thing you’re going to be thinking about is whether or not your diswashing liquid was name brand. You may think that you have lived a fulfilled life because you’ve spent your money where it really matters. Watch the video I posted on one of last week’s post about this topic.

5. Use cash instead of credit. Using cash hurts more than credit. Also, consumers generally spend more when they use credit. I don’t advocate the use of credit because it has detrimentally affected so many people’s lives. If you budget wisely, you can get what ever it is that you need or want without going into debt.

There are several ways that you can save extra money each month. I’d love to hear what you are doing to save money. Post your comments below!

Until Next Time,

Kimmy B.

P.S. Bookmark this page and pass it along to others who might find it handy!

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Entry filed under: Money Management. Tags: , , , .

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