Madurai Money: Personal Finance - Investments - Shares - Savings - Credit Card etc.,

Wednesday, February 21, 2007

5 ways to save money in our day to day life...

5 easy ways to save money every day...

1. Get food from home: Be sure to include snack foods like muffins, fruit and cookies for morning and afternoon breaks as well as a lunch. If you also drink the office brew or bring a thermos of coffee, you can save $10 to $15 a day. If there’s no lunchroom at work, eat and read the paper at your desk or take your lunch to the park. You’ll be healthier as well as richer.

2. Take public transit or car pool instead of commuting in your car alone to work: Depending on where you live and how far you commute, you’ll save money on gas, parking, insurance and wear-and-tear on your car. And cutting out the daily drive to work and back will cause less stress on the environment – and you.

3. Go out for dinner just once a month: Cook food that will last a couple of evenings, and keep some frozen dinners, canned soups and pasta sauce on hand for evenings when you are tired and short of time. Cutting back on eating out and ordering in can save you as much as $200 per month.

4. Get rid of your cell phone: By eliminating or severely restricting your use of your cell phone, you can save about $35 a month, depending on your current plan and use patterns.

5. Cancel subscriptions to magazines you don’t read and cable or satellite TV services you don’t watch regularly: Cutting back to the magazines and channels that are essential to you can save you $100 or more per year. You can save even more by cutting your newspaper subscription back to weekends only and getting your news at work, on TV or online during the week. You’ll have less paper to recycle, too.

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