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Little Steps to Big Savings
Washington Post personal finance columnist Michelle Singletary helped our guests
re-evaluate their monthly budget to reveal $700 in savings! Here are her tips on
how you could do the same.
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Eat at home — Save $240! |
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Reduce ATM fees and become budget-conscious — Make one monthly withdrawal! |
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Buy generic food products — Save $300! |
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Buy only non-perishable food items as needed. Look through your cabinets. Eat everything in them before buying more food. — Reduce your grocery bill by half! |
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No Cable TV — Save over $40. |
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Stop renting movies — Look through your video library and watch videos you already own. |
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Buy a water filter instead of using bottled water — Save $20! |
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Sign up for a limited-use cell phone plan. Use the phone only in case of emergency — Save $40. |
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If you smoke, stop smoking. Not only are you being healthy; you're saving money. — Save $20. |
Sayings to Save By
Michelle recommends using one or all of these mantras to help you evaluate your spending habits:
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Is this a Need or a Want? — Movies, vacations, computers, cell phones, and fast food are all examples of luxuries that you can live without. |
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Sweat the Small Stuff — A couple dollars here and there add up quickly. |
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Free is Good — Clip coupons, listen to the radio instead of buying CDs, watch free TV instead of cable.
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The Next Step: Invest Your Savings
Ordinary people can find extraordinary wealth — Finance expert Ric Edelman reveals
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