Make A List to Save Money

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Saving Money BlogIf you truely want to save some money each week or each month then you first have to figure out where you are spending it. The simplest way to do it is start an excel spreadsheet and track for any given period what your expenses are. Your gas and car, your groceries, entertainment, misc. daily expenses and anything that occurs on a regular basis. Choose your period such as a month or week. Once you have a couple of periods saved in your excel file you can then start to figure out how you can cut these expenses down and save money. If you are grocery bill is roughly the same over the period of a few months try coupon clipping or buying sale items in bulk and see if you can cut that number down. If you are spending x number of dollars in gas each month try walking a little more and see if you can cut that expense down. The bottom line is that you can't save money if you don't know where you are spending it in the first place.

Save On Text Books Online

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I know what you are saying to yourself, it’s only July why should I be worried about going out and buying textbooks right now? Well like anything else, they are out of season and there are plenty of deals to be had when purchasing your books and textbooks online. At this time you should probably already know what classes you or your children are going to be taking next fall so having or getting a required reading list for those classes shouldn’t be a problem. Take advantage of the fact that many online bookstores are probably going to have some sales or online coupons to help you save money for your new school year.

Save Money By Spending Now

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Spend Money to Save MoneyI kind of had a moment of clarity at the golf course yesterday. You see, we rent golf carts pretty much everytime we play. At least one cart per foursome to carry our clubs. The cost $32 per cart. The golf course sells cart pass books which in the end will give you two or three extra rentals.

I just split one with a friend yesterday but nobody else but us buys them. Why? Becuase most of the guys would rather shell out a couple extra bucks when they play rather than put a lump sum down now and save over the course of the summer. It's silly really.

The lesson is, sometimes you have to spend now to save later. Take a look at your situation and think about it. If you can pay out for something now and save in the future its a good plan. I saved $30 - $60 so far this summer buying a cart pass book for golf.

My Saving Money Initiatives

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I read a lot of blogs and search the internet for articles on saving money and always wonder if the owners of the websites or blog writers are just copying articles or doing what they say. Since starting the Save Money Blog I have taken up myself to follow my own advice and articles.

I have replaced all of the most used bulbs in the house with the new Compact Flourescent Lights. There are a few bulbs here and there that we rarely use so I haven't replaced those. In every room or the outside ligths, they now hace CFL's in theme.

If I am not playing my XBox360 or Wii, it is unplugged. I had it plugged in for awhile yesterday and could not believe how hot the cord was. What a waste of energy. The same goes with using my computers energy saving features.

Today we went out and replaced our ancient window air conditioner with a new model. Although not 100% engery efficient the label on it said it was about half way leaning towards be better than worse. It has lots of new features like an engery saving mode and a timer etc. Our old one looks like a tank compared to it.

Save Money with Kill-A-Watt

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Kill-A-WattI came across this the other day and I thought it might interest you. It's called Kill-A-Watt and is from ThinkGeek Gadgets. The Kill-A-Watt allows you to connect your appliances and assess how efficient they are. A large LCD display counts consumption by the Kilowatt-hour, just like utility companies. You can figure out your electrical expenses by the hour, day, week, month, even an entire year. Monitor the quality of your power by displaying Voltage, Line Frequency, and Power Factor. It's pretty inexpensive at $25. You can then compare some of your older appliances against you new ones and see just how much electricity they are eating up.

Cancel the Home Phone Service

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Saving Money TipsI have a bachelor friend that is constantly complaining about the number of phone soliciters that call him. I suggested that he cancel his line and get a cell phone. When I think about it, my tip was also a good one to save him money. You can get cell phones with services pretty cheap these days. Cell phone companies are fighting for your business. When is the last time your phone company offered you a good deal when your term ended? Never. You have been paying the same amount of money since the day you signed up with them. It's something to think about, unless you are a 14 year old girl that is on the phone for six hours a night you really don't need a lan line. Shop around by looking at flyers, search online and even scour through ebay for a used phone and then find a package. I am sure you will find something that will offer you what you need for less than what you are paying now. 

Newspaper Subscriptions Save Money

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Newspaper Subscriptions Save MoneySomething my other half just started doing made me realize how much extra money she is spending each and every day. She started to stop at the local corner store every morning and buys a copy of the local newspaper. The same copy which I read later on when she brings it home. If you are one of those that can't get enough news online and need the print, follow these three tips to save yourself some money.

By buying it everday instead of subscribing we are paying about $1 more than what we could be.  Not to mention that many newspaper companies off huge subscriptions deals if you sign up for a year or more. Check with them and see.

If you have subscribed before then use your spouses name or the name of a friend to see if you can get a new subscriber rate. Newspapers like cable companies will offer better deals to new customers.

Check the internet and see if the copy of the paper you read is offered by any third parties. Like magazine subscription companies that offer magazine at a fraction of the news stand cost the same applies to newspapers.

Using Your Stimulus Check Wisely

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stimulus checkI have been surfing around the internet looking at lots of different sites and I am seeing threads on forums, blog posts and journal enteries detailing what they are going to spend their stimulus check on. Sure it's free money and a good chace to pick up that LCD TV or that iPod or that top of line Cell Phone. Those that are looking to save some money or get themselves out of debt shouldn't be looking at what they can spend it on but how they can use it to improve their financial situation. If you are sitting with maxed out credit cards, bad debt or house that is in bad need of repair you should rethink how you are going to spend that money. The government Stimulus Check provides a great opportunity to pay down one of those high interest credit cards, get your bad credit back on track or replace some of those old windows or appliances that are killing your heating and hydro bill every month. I know what you are saying, I have to live to and it's nice to enjoy it but that's looking at the small picture. Use it wisely today so that you can enjoy more of those things in future. Having a nice LCD Big Screen TV doesn't do you much good if you can't pay your cable bill.

Moms Battle High Grocery Prices

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There was a great article of interest today on CNN's website. It dealt with how family's are coping with soaring food and grocery prices and showed how one family is dealing with inflation.

One mother interviewed decided to save money by making her own laundry detergent. " Pond, 26, a stay-at-home mom with an almost 8-month old daughter, does four loads of laundry every other day. "Detergent is very expensive, so I make my own," she said. She grates natural soap, boils it, adds Borax, baking soda and essential oils, and lets it cool overnight."

They also suggested some methods previously mentioned in articles on this blog such as growing your own vegetables, cooking at home and hoarding sales items. All which can add up to big time grocery savings.

Read the rest of the article at the Source for more innovative ways to cut down on your food bill. 

Saving Money Fast

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The number one way to get anywhere, I would highly suggest, I know it’s not sexy but is the number one method: saving money fast. In other words all great investors are great at saving money fast. If you are not saving money fast now then you are never going to become wealthy until you start.

When I was first starting off, I was trying to convince my millionaire mentor to give me some coaching on how to become wealthy and one of the first questions I remember him asking me was how much money I was saving. I said, “Well actually nothing to be honest”. He quickly responded, “Then don’t waste my time. I thought you told me you were committed to becoming wealthy and now you are telling me you are not saving any money, so why are you wasting my time? You are either committed or you’re not”, he said.

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