Saving Money Simply

Saving is tough but necessary. If you keep an open mind you'll be surprised how easily you can reduce spending, thus increasing your ability to put money aside. If you implement any of these suggestions I urge you to use your savings to reduce debt. If you are in the fortunate position of having no debt then place the money in a tax protected savings device. Don't simply spend your savings elsewhere. One key to building wealth is reducing consumption.

1. Bundle your phone, internet and/or cable TV services with one provider. Significant savings can be achieved. Reduce your services to the least possible level. For example, can you get by with a lower tier of cable TV or a slower internet connection? Evaluate carefully - sometimes it's easy to sign up for something that seems like a good deal, but it's really more than you need.

2. Cut family members' hair. This is easiest to do for men/boys. Even if you perform the cut every 2^nd time you'll save hundreds of dollars in a year. It's not as hard as you think; watch videos and read articles from Associated content contributors and other "how to" websites.

3. Become a coupon user. Only snip coupons for products you use regularly, and then remember to take them with you. Faithful users organize their coupons in little folders (by product type, etc).

4. Cancel magazine subscriptions. If you really look forward to your monthly or weekly magazines, choose just one. Remember, local libraries have lots of current issues. Visit the library when you're in the mood to flip through a magazine, and save yourself a few bucks.

5. Pour milk/juice into reusable bottles for kids' lunches. Buying the individual size containers is double the cost.

6. Sell stuff. Have a garage sale. If you're not a fan of garage sales, start selling things individually. Begin with outgrown kids items. There's a pretty good market for used toys, clothes and kids furniture. Find a store like Once Upon A Child that pays cash on the spot. Similarly there are lots of women's wear consignment stores. People tend to hoard DVDs and books. If you're not using them any more, cart your books to a used book store. DVDs are often accepted for cash or credit at video stores. For high demand items try your luck on EBay or in the local classifieds.

7. Roll your coins. If you empty all your coat pockets, purses, drawers, coin jars, etc. you'll be surprised how much money you have. It might as well go against a loan or into your bank account.

8. Eat in. For "Pizza Night" use pre-made shells or frozen bread dough (which is very yummy), canned pizza sauce, and fresh toppings.

9. Negotiate fees with your bank. If you have been a loyal customer they may be willing to waive fees for checking accounts, loan applications, etc.

10. Shop at warehouses such as Costco, but go with a friend. Agree on items you both need, share the cost and the split everything in half. Otherwise, buying in bulk may lead to more consumption and waste.

11. Make your own household cleaners. There are easy mixtures requiring 3 ingredients or less.