With everything the way it is today, I wish I would’ve spend less to save more back when I had the chance. It’s very hard to save when you’re offered the lowest interest rates of all time on savings, people are getting laid off left and right and the stock market not performing as good as people would like. At the same time, prices are rising ever slowly on everything else such as gas, food, energy, etc. It seems like a no-win situation but there are always ways to go around that, of course you can’t help but take what the economy throws at you; but you can work with it in order to save you money and make it more manageable.
If you drive…
- Do preventive maintenance such as inflating your tires, change your oil, air filter, brakes, tires, etc. in order to increase your car’s MPG.
- Take it easy on the gas. You’re paying for that high price gas, don’t waste it by driving like a speed demon.
- If you’re comfortable fixing the car yourself and have enough knowledge to do it then by all means, do it!
- If you have to buy a new car, get one that’s fuel-efficient like a Hybrid or other 4-cylinder automobiles that is within your budget. Rather than trade you can easily sell your old car to reputable companies.
- If you have to drive, make sure you do ALL of your errands in one drive.
If you have utilities…
- Save some energy by using the microwave rather than the oven because it can save you roughly 20% required by an oven.
- Use energy-efficient flourescent bulbs rather than incandescent bulbs throughout your house.
- Wash your dishes and clothes in cold water instead of hot.
- If you have old windows and heat is leaking out in the winter, buy plastic film window covers to seal it up.
Mange your finances…
- Choose credit cards with no annual fee but get one that pays your back with rewards.
- Make sure you pay down your credit balance as quick as possible to avoid interest charges.
- If you have high interest loans, try calling the company and ask for lower interest rates. It usually works if you have a good history with them.
- One important rule of thumb is don’t spend more than what you make.
- If you usually shop at one place, make sure you sign up for email discounts if they have it. Look for their coupons in the newspapers or in your mailbox, or use Coupon Sherpa to browse for current store coupons to offset your costs.