Joined: Mar 2008
Posts: 262
 
   United States
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 Jul 23, 2008, 07:19:07 PM | #1 |
In the end, all budgeting is about spending less than you make so you can save and this is no different.
- Don't eat out all the time, this includes fast food. Avoid that extra trip to McDonalds and starbucks. That $5 here and there may not seem like much but over the course of the month it really adds up. I talk with people who spend $300 or more on food a month when I spend maybe $100-$150 at most. That makes a nice chunk of change over the course of a year.
As an extension of this, buy items and cook from scratch when possible, it is cheaper than that instant junk, better for you, and generally tastes better as well.
- Buy online. You can get all kinds of things online, books, movies, clothes, even food. If you look a little, you can find far better deals than locally on most anything. This is especially true of entertainment goods like movies, buying off ebay is a great way of saving money, I hardly spend anything on entertainment these days as a result. They may seem like obvious points, but it is amazing just how many people spend $300+ on food a month or $500 on entertainment and then complain about having no money.
I don't make a ton of money but because I am careful with how I spend and shop around, online, I have plenty extra money to pay down loans and save money. |
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