How to Save Money Easily
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Happy Thursday everyone! I came across this infographic recently and wanted to share it with my readers. I know many of us like to save money, so it seemed highly relevant. If you visit this site frequently you already know that I do my best to regularly write about saving. Although I comment on it frequently, I am always looking for ways to save money.
Let’s face it, as good and smart as saving money is, it can become tedious over time. What I like about this infographic is that it’s not talking about eating rice and beans, but being a little more frugal with our decisions and making a couple of simple cuts like your cell phone bill, to taking your lunch to work more often. The few cuts that they’re suggesting, they argue, can add up to nearly $5,000 per year! Even if you do not do all of them, just doing a couple of them will save you a good chunk of dough. Add the money savings you have to extra side income and you have a very good combination.
What areas are you guilty of and where would you like to be saving money instead? Personally speaking, I know we’re a little guilty of spending too much on eating out but not to the extent that they’re describing. I was also a little surprised by the impulse spending category…$736 per month is just a bit much if you ask me. I do have to admit though that I am just a little curious as to what they consider impulse buying and if there really is a money saving opportunity there.
What are some the things that stick out to you on this infographic and what are some of your favorite ways to save money?
John is the founder of Frugal Rules, a dad, husband and veteran of the financial services industry whose writing has been featured in Forbes, CNBC, Yahoo Finance and more.
Passionate about helping people learn from his mistakes, John shares financial tools and tips to help you enjoy the freedom that comes from living frugally. One of his favorite tools is Personal Capital , which he used to plan for retirement and keep track of his finances in less than 15 minutes each month.
Another one of John's passions is helping people save $80 per month by axing their expensive cable subscriptions and replacing them with more affordable ones, like Hulu with Live TV.
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