What would you do with an extra $2000 in your pocket every year? Would you put away money for your children's college fund? Save more for retirement? Finally invest in those homemade solar panels you have been wanting to make? I know just how you feel.
Not that many years ago, I was making less than $13,000 per year and spending $500 per month in rent and utilities in New York City.
The remaining money had to pay for food, transportation, and business attire.
Somehow I managed to pull it off.
And within two months of implementing the money-saving techniques I am about to share with you, I was not only able to pay for all of my immediate needs, but I was also able to start paying down my credit card debt.
How did I do it? Here are the two main tips on how to save money that allowed me to get back on top: 1.
I made extra food at dinner every night to have for lunch the following day.
If it needs to be hot, then invest in a thermos.
Since the average person spends about $10 per day on lunch at the office, your $20 upfront investment will pay itself off in 2 days and you can save hundreds of dollars each month with this method alone.
âEUR¨ 2.
I changed my phone service provider.
My local phone company was charging me about $45 per month for basic service.
This was a huge chunk of money to come out of my pocket every month.
After doing a little research and talking to a few friends, I ended up finding a plan that cost me less than half of that.
In your case, you may want to consider only having a cell phone or a service like VOiP (voice over iP) is right for your needs.
I understand that building homemade solar panels is certainly a cheaper than having a professional installer come to the house.
The fact still remains, however, that sometimes even the $200 investment is unattainable because of pay cuts, job cuts or just poor money management.
Just keep in mind that these two tips on how to save money WORK! If you could save just $200 more each month on your lunches, you could finally get to those homemade solar panels and you would have an additional $2,200 per year in your pocket.
This does not even take into consideration the amount of money you will save on your electric bill once the project is installed.