10 Ways to Save
By: Maggie Toro
- Carry a small notebook to document all your spending. Online trackers are also available, like Mint.com.
- Brown-bag it. You will save money each day by bringing your lunch to work.
- Check for coupons from local restaurants that you can use to reduce your eating cost.
- Avoid days when grocery items go up: the 1st, 2nd 3rd, 15th, 30th and 31st. Leave the kids at home, bring a list and stick to it. Everything at eye level is the most expensive.
- Downgrade. Buy a converter box and TV antenna or eliminate cable all together.
- Carry small amount of cash if you are prone to spend. Use a debit card to help you keep track of your monthly expenses.
- Look for ways to reduce cell phone charges. Prepaid cell phone is an option.
- Carpool with friends or co-workers to save money on gas or take the bus to work or school.
- Instead of going to the movies, rent a movie for a family night at home.
- Save at least 10 percent of your pay for an emergency fund. Once you have at least $1000 saved, put it in a CD account to make your money increase at the end of the CD term.