009- Thirty-two Ways to Spend Less Money

Episode 9: 32 Ways to Spend Less Money Play Now | Play in Popup | Download (231)

In this episode we look at step 1 of the 10 Step Wealth Building plan by briefly covering 32 ways of spending less money.  Here are the 32 ways we discussed.

1. Have a budget and stick to it. (mint.com)
2. Eat out less often especially for lunch.  Pack your lunch.
3. Have a list when you go shopping.
4. Don't shop when you are hungry.
5. Look down at the grocery store shelves.
6. Buy in bulk whenever possible
7. Buy only when on sale
8. Use coupons (Coupons.com, Smart Source, PrintableGroceryCoupons.net, Money savong Moms)
9. All else being equal buy generic
10. Buy used if you can (Criag's list, Craig's look)
11. Rather than buying something new see if you already have something that will work
12. Avoid transaction fees and late fees.
13. Use cash instead of Plastic
14. Instead of buying try borrowing
15. Compare prices before buying
16. Wait 24 hours before medium and big purchaes to avoid impulsive spending.
17. Bottle your own water
18. Avoid vending machines
19. Maintain your stuff
20. Learn the art of negotiation
21. Make it yourself if you can
22. Redbox instead of a movie at the theatre
23. Raise your insurance deductible if you have the cash
24. Stay healthy to avoid medical bills
25. Heat/cool yourself not your surroundings.
26. Grow your own food
27. Reuse things,
28. Don't buy extended warrantees
29. Better insulate your house
30. Avoid costly habits
31. Don't play the Lotto
32. Barter instead of buying.