I have been engaged in a little bit of research on the different tactics to save cash and have found several valid ideas amongst those that are not so valuable.
Ideas that are not so valid are those that are unrealistic (“pay off your credit cards now and save interest” which you would do if you were able to), corny (coupons and rebates and silly scams like that) and too much of a sacrifice (take public transportation, etc)
So, here are a few valid suggestions…
1 TAXES – Modify your total taken out of your weekly pay. Take the extra money coming in and put it into a sound investment like a solid mutual fund or such and then keep the interest at the end of the year and return the principle to the tax collector so your tax payments are correct. Could be more like a pay increase than a savings.
2 CAR INSURANCE – Increase your car insurance deductible. By taking a bigger deductible you can save 10-15% off your car insurance which will equal $100-200/year or more. If you are a hazardous driver then don’t choose this! lol
3 COMBINE YOUR PROVIDERS – You can put your home phone, internet, cable tv, sometimes even your cell phone into one bill and save $50/month or more
4. CHOOSE RESTAURANTS WHERE YOU DON’T HAVE A WAITRESS – I have one right down the street from me. You order at the counter and then go sit and they do bring the food but you are not expected to leave a gratuity..
5. HOME ENTERTAINMENT – You can sign up for a Blockbuster or Netflix membership and save nicely on your expensive DVD watching habit. Or you can obtain a library card and not pay a penny for all the movies you can watch!
6. DITCH YOUR HEALTH CLUB – Too overpopulated, too sweaty, sorta disgusting, meat market, kind of torture self inflicted… there are a zillion reasons to not enjoy going to the health club besides the cost. But a good old fashioned stroll or some stretching are just as good in most cases as anything you can do at the health club.
7. OPTIMIZE YOUR GAS CONSUMPTION – Properly using water in your fuel system can save you up to 30% off gasoline expenses for your automobile by making the gasoline you buy perform better. If you pay $40/week for gas you might just save $600 or more per year!
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GARKO is an activist, songwriter and an advocate for cheaper gasoline, a healthier,cleaner environment and consumer protection.
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