Comments on: Where to cut down on your spending to maximize savings http://moneyning.com/money-tips/where-to-cut-down-on-your-spending-to-maximize-savings/ A personal finance blog where we share insights on carefully saving money, investing, frugal living, coupons, promo codes because the little things matter in achieving financial freedom! Sat, 20 Mar 2010 18:13:36 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Anonymous http://moneyning.com/money-tips/where-to-cut-down-on-your-spending-to-maximize-savings/comment-page-1/#comment-375 Anonymous Thu, 26 Apr 2007 19:13:03 +0000 http://blog.davidmillions.com/2007/04/where-to-cut-down-on-your-spending-to-maximize-savings/#comment-375 to take your example even further, cook for yourself. <br/><br/>Rather than an expensive cut, get what my Uncle (who worked as a butcher for 20 years) would buy, eye of the round. For about three to five dollars you can have a steak, potato, veg, salad and that coke plus desert. Saving $16+ dollars.<br/><br/>Also, cooking for yourself saves the time of going out to a restaurant and the gas to get there.<br/><br/>Generally a one time savings is no big deal, but say you do this everyday. For example, I work with people who drive to a sandwich shop that boasts the fat wallet their customers have from eating there. Yeah, right. Lunch there is five, six bucks plus time and gas. I bring my own lunch everyday for about $1.50/day. That's saving over 20$ per week. <br/><br/> I suspect their customers have fat wallets so they can have cash on hand for expensive sandwiches made by artists. to take your example even further, cook for yourself.

Rather than an expensive cut, get what my Uncle (who worked as a butcher for 20 years) would buy, eye of the round. For about three to five dollars you can have a steak, potato, veg, salad and that coke plus desert. Saving $16+ dollars.

Also, cooking for yourself saves the time of going out to a restaurant and the gas to get there.

Generally a one time savings is no big deal, but say you do this everyday. For example, I work with people who drive to a sandwich shop that boasts the fat wallet their customers have from eating there. Yeah, right. Lunch there is five, six bucks plus time and gas. I bring my own lunch everyday for about $1.50/day. That’s saving over 20$ per week.

I suspect their customers have fat wallets so they can have cash on hand for expensive sandwiches made by artists.

]]> By: Latina Sassyfras http://moneyning.com/money-tips/where-to-cut-down-on-your-spending-to-maximize-savings/comment-page-1/#comment-374 Latina Sassyfras Thu, 26 Apr 2007 17:38:42 +0000 http://blog.davidmillions.com/2007/04/where-to-cut-down-on-your-spending-to-maximize-savings/#comment-374 Yes, the "Latte Factor" is one to definately practice.<br/>I have personally made these changes - <br/> - Gym membership - at $36/a month/$432/annually - I can get a better workout outside and I do! Fresh air is better. I purchased some inexpensive gym equipment for home.<br/> - Thrift shopping - Major retailers like Target are donating their overstock items to stores like GoodWill...I have supplied my home with finds from thrift stores and get compliments all the time!<br/> - Mobile Phone - I was tired of the fees and overage charges, 2-yr contracts - so I went m-to-m, pay for minutes I know I will need. Do without the fancy features like video & picture mail, TM. I have saved over $200 annually. Yes, the “Latte Factor” is one to definately practice.
I have personally made these changes –
– Gym membership – at $36/a month/$432/annually – I can get a better workout outside and I do! Fresh air is better. I purchased some inexpensive gym equipment for home.
– Thrift shopping – Major retailers like Target are donating their overstock items to stores like GoodWill…I have supplied my home with finds from thrift stores and get compliments all the time!
– Mobile Phone – I was tired of the fees and overage charges, 2-yr contracts – so I went m-to-m, pay for minutes I know I will need. Do without the fancy features like video & picture mail, TM. I have saved over $200 annually.

]]> By: MyOwnMillions http://moneyning.com/money-tips/where-to-cut-down-on-your-spending-to-maximize-savings/comment-page-1/#comment-371 MyOwnMillions Thu, 26 Apr 2007 02:32:06 +0000 http://blog.davidmillions.com/2007/04/where-to-cut-down-on-your-spending-to-maximize-savings/#comment-371 Great story! I think I will share your success story with everyone in a few days so more people can use your method to encourage them to spend less! Great story! I think I will share your success story with everyone in a few days so more people can use your method to encourage them to spend less!

]]> By: Liju http://moneyning.com/money-tips/where-to-cut-down-on-your-spending-to-maximize-savings/comment-page-1/#comment-370 Liju Thu, 26 Apr 2007 01:52:14 +0000 http://blog.davidmillions.com/2007/04/where-to-cut-down-on-your-spending-to-maximize-savings/#comment-370 I tried something different. Everytime i had the urge to splurge, and if i managed to resist, i went home and kept aside that money that i would have otherwise splurged. <br/><br/>E.g if i wanted to take a cab, i took a bus and then put aside $10 that i would have otherwise paid extra had i taken a cab. <br/><br/>At the end of 2 months, i was astonised to see $340 in the box. That was how much i was wasting earlier. I made some changes to my lifestyle.<br/><br/>Now, its 3 months since i took a cab. Thats a huge savings for someone who was too impatient to wait for a bus and took a cab almost 2-3 times a week. I tried something different. Everytime i had the urge to splurge, and if i managed to resist, i went home and kept aside that money that i would have otherwise splurged.

E.g if i wanted to take a cab, i took a bus and then put aside $10 that i would have otherwise paid extra had i taken a cab.

At the end of 2 months, i was astonised to see $340 in the box. That was how much i was wasting earlier. I made some changes to my lifestyle.

Now, its 3 months since i took a cab. Thats a huge savings for someone who was too impatient to wait for a bus and took a cab almost 2-3 times a week.

]]> By: Dave http://moneyning.com/money-tips/where-to-cut-down-on-your-spending-to-maximize-savings/comment-page-1/#comment-367 Dave Wed, 25 Apr 2007 18:26:25 +0000 http://blog.davidmillions.com/2007/04/where-to-cut-down-on-your-spending-to-maximize-savings/#comment-367 A dollar saved is the same wherever it comes from. I use coupons a lot to basically achieve the same thing. It's a little hard work but I feel happier that I'm eating the same thing as the person next door at a cheaper price. A dollar saved is the same wherever it comes from. I use coupons a lot to basically achieve the same thing. It’s a little hard work but I feel happier that I’m eating the same thing as the person next door at a cheaper price.

]]> By: Anonymous http://moneyning.com/money-tips/where-to-cut-down-on-your-spending-to-maximize-savings/comment-page-1/#comment-366 Anonymous Wed, 25 Apr 2007 18:16:29 +0000 http://blog.davidmillions.com/2007/04/where-to-cut-down-on-your-spending-to-maximize-savings/#comment-366 I do this all the time. Just be careful that you need to achieve a balance. If you do this on every meal, it will be very hard on yourself. I do this all the time. Just be careful that you need to achieve a balance. If you do this on every meal, it will be very hard on yourself.

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