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Q: How can we save money?
Answer(s) to this Question (
1 / 23
)
Cold Water Rinse
Rinse laundry in cold water. It saves money and rinsing in hot or warm water wonīt get your clothes any cleaner.
Appliances
Buy appliances pre or post season to save up to 30 percent. Also check for discontinued models to save even more.
Automatic Payment Systems
Use automatic payment systems whenever possible to pay bills. This way bills are not late and you donīt pay late fees.
Commit To Saving
Make a committment to start saving money. Tell yourself Iīm going to start saving today and then do it.
Set A Savings Goal
Set a savings goal. It is motivating to measure progress.
Track Expenses
Understand that small purchases add up. Track expenses to find easy savings.
Simple Savings
Create a simple savings plan. Make cutbacks that bother you least.
Stay Motivated
Stay motivated. List reasons you should save; read them when you are tempted to stray from your plan.
Visualize Your Results
Visualize the result of your savings plan. See what you are saving for.
Educate Yourself
Become your own financial guru. Educate yourself and you will become much more savvy about investments and retirement plans.
Credit Cards
Pay off credit cards with the highest interest rates first, not the ones with the highest balances. The higher interest rate costs you more money over time.
Credit Cards
Pay more than the minimum amount due each month. Paying just $10 more a month than the minimum will greatly reduce your payoff time and save drastically on interest charges.
Automobiles
Leasing a car works best for people who drive less than 15,000 miles per year and who keep the car for four years or less.
Energy Bills
Turn your thermostat down to 62 degrees at night or if you are out of the house for more than 4 hours.
Real Estate
Choose a lower cost area in which to live. A little research can save a lot of money.
Real Estate
Buy a house that is just big enough for your familyīs needs. A larger than needed house costs more to buy and maintain.
Buy Ahead
When items your family uses frequently are marked down buy enough to last to the next sale, usually about 3 months worth.
Energy Bills
Lower your water heater temperature to 120 degrees. Water heater costs can account for up to 25 percent of your household energy bill.
Energy Bills
Install heavy duty shades or thick drapes on interior windows to cut down on heat loss.
Live Within Your Means
Do not try to live above your means. Keeping up with the Joneses can leave you in debt.
Avoid Debt
Avoid debt. Pay cash for as many purchases as you can and keep credit cards only for emergencies.
Energy Bills
For every degree you turn down the thermostat, you can save 3 percent on your total monthly heating bill.
Energy Bills
Use draft guards or door sweeps at the bottom of doors to block cold air.
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