In light of spiraling food prices, I thought that I would share some tips on how to save money in small little steps. These tips are put together from the various finance blogs I frequent with a tip or two from yours truly.1) Switch to a LCD monitor
If you're still using the old bulky CRT monitor, you must be at least 65 years old. Well if u need just one more reason to switch to LCD, it is proven to be much more energy saving as well. Assuming you use the computer for six hours a day, a CRT monitor costs $17 a year in electricity while a LCD monitor costs $5.40!
That's savings of at least $10 a year!
2) Pull the Plug
Many people have the habit of leaving their electronic appliances on standby mode but did you know that the standby light consumes a significant amount of power? Studies have shown that standby power is responsible for 13% of a household's power consumption! That equates to a whopping $100 a year!
As a rule, always switch off appliances that have clock/timer functions. For power-intensive devices like your PC, pull the plug out of the socket for maximal savings.
3) Cut down on the Latte
Stop the daily ritual to Starbucks and purchasing over-priced latte. Instead, bring a mug to work and make your own latte in the pantry. This can easily save you $5 a day!
4) A Dollar A Day
Rising costs made you put aside your travel plans? Well fret not, just put a dollar a day into a piggy bank.
365 days down the road and viola! $365 for that short beach getaway that you deserve!
5) Eat Healthy
Notice that meat almost always costs more than salad? Well perhaps this is the best time to eat healthier and detox your body.
Even at 50 cents savings per meal, this is savings of $45 per month!
6) Home Gym
Still holding on to that gym membership that you seldom utilize? Well trash it and start doing home workouts instead. Invest in a skipping rope that's all! For aerobic exercises, you can choose to skip at home or jog around the neighborhood. No weights? Well, doing 100 traditional push-ups and sit-ups a day will definitely help you maintain your shape.
7) Free DVDs and Books
Visit the library and start borrowing instead of buying. If your local library doesn't have DVDs, borrow a Tom Clancy or an Agatha Christie for a suspense-filled weekend.
8) Hold that Up-size
Looking to up-size your meal or to extend the warranty of your latest purchase? Well think about it for a few seconds and chances are you do not need the additions. Though such up-size may cost from a few cents to a few hundred dollars, add them up and you can definitely afford another short getaway.
9) Black or White Sale
How many items have you bought during a sale and have worn them for at least ten times? If you find yourself consistently regretting your sale forays, stick to the black or white rule. Buy only black or white items during sales because these are basic colors that you can wear over and over again to anywhere. Honestly did you really buy that purplish-green cardigan?
10) Say 'No'
Learn to say 'No' to your kids or your drinking buddies and stay in control of your expenses.
Related Posts:
3 Things to Do Everyday
The Last Post
Financial Tracker
No comments:
Post a Comment