Sunday, March 16, 2008

Some Tips to Save Money and More

Hey folks. It is almost spring time and tax time. It's time to clean up the house again, file those income taxes and find new ways to save money at the same time. In this vein, here are some of my own ways to save money and make my dollars go further:

1. Use a rewards or cash-back credit card to get back some money for the money that I spend.
2. Brown bag my lunch during the week
3. Deposit any extra money into a high interest savings account. You'd be surprised how compound interest in savings accounts (ranging from 3% to 5% interest) can really add up!
4. Take public transit rather than drive.
5. Turn off any unnecessary appliances and lights.
6. Buy sale-priced items, bulk items, and use coupons when shopping for groceries.
7. Subscribe to internet, cable tv, and phone services through the same company and take advantage of bundled discounts.
8. Split the cost of coffee with your co-workers rather than buy a fancy capuccino every day.
9. Use a discount brokerage rather than a full-service brokerage and save on trading fees.
10. Use a good tax software program or talk to an accountant in order to maximize your yearly tax deductions.

There you have it...you have just read my own list of ways to save money. If you want to find more ways to save money, check out this list of "25 Ways to Save Money" - http://www.milliondollarjourney.com/25-ways-i-save-money.htm

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