11 ways to save money

Saving money is one form to make money. There are plenty of simple ways to make significant savings on your regular spending that could clear the debt many times over in less than a year.

There are my favorite 11 ways to save money:

1) Quit smoking. Well I never smoked, but my friends do. They smoked a pack a day, plus a soda or tea or coffee to go with the cigarettes, at a cost of about $5 per day. Annual savings: $1,825

2) Don’t use the gym. I used to be a member of a gym. Didn’t use it much, and still got charged for a full year. Now I get a lot of exercise, but I do it at home and on the road. I do strength exercises in my living room and jog (and will soon start cycling and swimming). Annual savings: $420

3) Stay healthy. As mentioned above, I’m a runner, I don’t drink much and never smoke. I don’t need to go to the doctor or buy medicines, and if I keep up this lifestyle, my likelyhood of getting the most common diseases are greatly lowered. Annual savings: probably $400

4) Bring my own lunch. My co-workers eat out every day, at a cost of $8-20 per lunch. I bring leftovers or a sandwich and fruits and pretzels and stuff. At a cost of probably less than $5. Annual savings: $1,800.

5) Make a shopping list. Food shopping forms a significant part of our monthly outgoings and the supermarket is where the bulk of the money is spent. Tesco takes $1 in every $8 spent by shoppers. But be warned, stores spend a small fortune studying ways of making us part with more of our money than we would otherwise intend to. Have you ever wondered why your favourite song is playing in the background as you navigate the aisles? Have you even noticed the background music? Possibly not, but you will have noticed at the checkout that the bill is often more than expected. To circumvent this, simply make a shopping list. Dig out the cookery books, plan a few meals and only buy what you need.
Annual Saving: $20 a week = $1040 a year.

6) Do you need all those TV channels?. I get 55 channels on my cable TV and only watch 10 of them and bit a bit I change watch tv to do some outdoor exercises.
Annual Saving: $240

7) No magazine or newspaper subscriptions. I used to have the paper delivered. Now I read it online or at work. I used to subscribe to 1-2 magazines. Now I read the Internet. Annual savings: $360.

8) Don’t buy designer labels. Celebrities are given expensive clothes to wear. You’re not. At the end of the day, and let’s face it, you may only wear the outfit once, can you justify paying hundreds of dollars over the odds because a top designer has had his or her name sewn on the label? And can you honestly say you can tell the difference at a distance between a $600 designer bag and a $9.99 one from the market? Think about it.

9) Take care of your car. You can save hundreds of dollars a year by comparing prices at different stations, pumping gas yourself, and using the lowest-octane called for in your owner’s manual. And you can save up to $100 a year on gas by keeping your engine tuned and your tires inflated to their proper pressure.

10) Compare all insurance. You can save hundreds of dollars comparing the insurances for your house, car, life or any insurance.

11) Save 20% more the next year. Knowing and doing all these tip for save money you can improve and add new tips to your savings for next year.

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