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Have More Money for Your Monthly Budget…Starting Now…

May 4, 2011

There are a number of things you can do to save money now. Realistically, there may not be a lot you can do to save a lot of money now, but doing multiple small things will add up.

  1. Take lunch to work. Out of convenience, many people just buy lunch each day while at work.  Taking a lunch costs less than half of buying it each day. According to this article, you might save as much as $1500 a year!
  2. Many people “have to have my Diet Coke” each day (or some other thing). That adds up. Stop. And if you think a few soda pops a day costs you a little money, think about what cigarettes cost.
  3. Turn lights off when you’re not using them. Unplug devices that are using electricity, but aren’t doing anything.
  4. Instead of buying books, borrow from the library or friends.
  5. Cut the TV cable bill. Netflix or Hulu is cheaper, and over-the-air HD TV through an antennae is free (after purchasing the antennae) and much more clear than cable HD. And free.
  6. This is debatable, but stop paying to go to the gym. Now maybe it is motivational to go to the gym, so if that is what works, do it. But some people can get weights at home, or P90x, or run around the high school’s track or the neighborhood. Or get a bunch of people together and go aerobics a few times a week. There may be some less expensive options than the gym.
  7. Drive less and use a bike when possible.
  8. Use coupons. You don’t need to go coupon crazy. Just see if there are coupons for some of the things you’re already buying.
  9. Buy off-brand items for less. There are so few items that are actually measurably better when you buy the name-brand version. Sometimes name-brand stuff is cheaper when it is on sale, but on average, generic or off-brand stuff costs less.
  10. Start passing children’s clothing on to other families who have children that are just younger than yours. Then accept clothing that comes from other families who are doing the same thing as you are.
  11. Adjust your W-4 so that you don’t get such a huge tax refund next year. Why have the government use your money interest-free each month when you could be using it?
  12. Re-look at your insurance policies. Is it time to change insurance companies that have lower payments? Can you change your deductible?
  13. Take another look at public transportation (if it is available in your area). With gas prices as high as they are, maybe using a bus, or rail system is better. Car-pooling will always save you money!
There are actually a few things you can do to save a huge amount of money, but they may be painful:
  1. Sell your house and downsize to something more affordable. If your house payment is larger than you’d like, get a for-sale sign up and get serious about moving.
  2. If your car payments are a large percentage of your income, sell and “down-size” your car to something more used and affordable. Or have one less car.
  3. Paying off a debt may add hundreds of dollars to your monthly budget and save you a bit in interest as well.
Can you think of other things you can do right now to save a little money and make your monthly budget a little more stress-free? Add comments below!
8 Comments leave one →
  1. tboy permalink
    May 4, 2011 11:13 am

    We try to use our food storage as much as possible so we don’t have to go to the store as often. Then during the big case lot sales we store up again.

    • May 4, 2011 2:14 pm

      Great idea! Automatic way to cycle your food storage, too. Thanks!

  2. Tiffany permalink
    May 5, 2011 9:25 pm

    So do you have a system you would advise someone else with? I would love someone to go through my budget, tell me what to do, and I’ll do it.

    • May 7, 2011 9:33 pm

      I *think* I have a system. I’ve always wanted to look through someone else’s budget….

  3. Tiffany permalink
    May 8, 2011 7:40 pm


  4. Tiffany permalink
    May 8, 2011 8:57 pm

    K how do I send you info and what do you need? I’m excited.

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