New Year Cost Reduction

As a nation, we waste billions of dollars annually on uneaten food,
unused, expensive clothing, unnecessary items, uncompetitive savings
account fees and excessive credit card interest. american consumers
throw money away like never before and credit card bills roll in
with his history of excessive Christmas spending. This makes January
a perfect time to start putting your personal savings finances in
organize.

I know I find something liberating, almost liberating in
spend money on candy for me. It can be something like
cheap as a notepad with an elegant design that costs
$5, or as expensive as staying in a hotel room instead of driving two
hours at home after a conference. However, there is no reason why people
who save their money should accept low or sky-high interest rates
high interest charges on credit cards.

Spending a few minutes now to find a better deal will leave you
best for December 31. Leave things as you left them
in the past it is like setting fire to your own money. doing a few
changes to improve your accumulation versus your spending will
so that the occasional taxi home, the chicken to go or the spontaneous
buying clothes will not have a dramatically negative effect on
your bank balance or credit card debt.

Here are 10 easy ways to save money in 2005 and every year after.

1 SAVE ON FOOD

Eating healthy doesn’t have to be expensive. making your sandwiches
at home and taking them to work can cost you $3 a day if you really
Go all out on the side dishes and drink. Buy a sandwich, a drink and
chips at Subway or McDonalds and have lost $5 – $9 more eaten
more calories, fat, and condoms than is healthy for you. If you
cut $2 a day from your expenses, and put it weekly or monthly
money in a special account at your bank or freezer, you’ll have
$10 per week, $40 per month, $500 per year. Maybe that’s your Christmas
current background?

Slash grocery bills by making a shopping list and sticking to
it’s. Avoid picking up the expensive “bargain” extras placed on the
end of aliases where they can tempt you. (Hint: Leave the children in
home when you go to the supermarket). Try the store’s own brand, their
value ranges can cost a third of the price of name-brand items and
They contain the same nutrition. Buy fruits and vegetables from local farmers
seasonal markets – prices are competitive, you know the people who
grow the food and you can be outside to get some fresh air.
Make your meals at home and freeze portions for future meals. Frequently
Sometimes home cooked food is lower in fat, sugar and salt than prepared food
eat meals and have the food in the freezer, ready to defrost
reduce the temptation to buy overpriced takeout.

2 SAVE ON DAILY SPENDING

Take a good look at what you actually use. Do you have a gym?
membership that only visits occasionally but seems to renew every
year? Do you take the bus or the taxi to go to work? Save a few bucks and get
in for a little free exercise by leaving a couple of blocks early.
Leave the ATM card at home, and when you use it, take it with you
less money than you normally make. It’s harder to waste money
if you don’t have it in your pocket. Join the local library – you can
spend less time in bookstores. Going shopping can also save
money: Many major stores offer a price promise that matches any
advertised price

3 MORTGAGE SAVINGS

Seeing Penny will save a small fortune over the years, but taking
the problem of finding the lowest total cost mortgage available can
also save a small fortune. If you can recover your costs through a
Lowest interest rate in less than 2 years, go ahead and refinance,
In the long run, that lower interest rate can save you some real money.
exchange.

2003 provided the lowest interest rates in 50 years, yet many
homeowners did not switch to a cheaper mortgage rate. 2004 was also
a year of decent interest rates, but many homeowners are still paying
too much interest Instead of just writing a check next month, it seems
in the possibility of refinancing.

4 REDUCE HOME INSURANCE COSTS

Cutting home insurance is also easy. Identify the level of coverage.
you need, and then shop around to find the lowest premiums based on
that coverage. If you are willing to insure yourself more than
$500 standard deductible, that is, you pay the first $1,000 or $2,000 of a
Loss: You’ll find a significant savings on the annual rate. Single
beware, that a lot of the little things like broken windows, some
the insurer will not pay for the shingles on your roof because
cost below that $1,000 deductible.

Some companies also offer lower premiums to members of a
neighborhood watch or people with extra security. Good quality
locks, alarms and security systems prevent break-ins and some insurers
discount for that. Don’t forget your dependencies when searching
insurance coverage. Many of the items in your garden shed are
expensive to replace if they go missing.

5 REDUCE CAR COSTS

Your car can be expensive to operate. fuel, maintenance and
insurance may cost more per mile than the current IRS 37.5 cents
says that a vehicle costs to operate. Depreciation can add up to almost 60% of
a cost of new cars in the first 2 years. Maintain your tires properly
inflated, clean filters and start and stop at a
minimum will increase your mileage and decrease expenses.

Using the Internet will help you reduce your insurance costs
dramatically if you go online to shop for a better insurance rate.
Another thing that will help with your insurance rate is keeping your
driving record free of moving vehicle tickets – do not speed.

6 SAVE ON UTILITY BILLS

Depending on where you live, the liberalization of gas and electricity
it means that providers have competition now and offers are available if you
fetch Consumers can save almost a third of their gas bill
if they live in areas with competition and are willing to shop around
and ask for savings.

You can save even more with energy-saving measures like drawing the
curtains at dusk, turning off the TV instead of using standby mode,
buy energy-saving light bulbs and lower the thermostat
just one degree, at night or during the day while you are away.
When you go to renew your cell phone, compare prices. The act of
Congress requiring the option to carry your phone number with you has
tried many cheaper rates and more incentives to get you to switch
from one carrier to another.

7. LIFE INSURANCE

Life insurance rates have fallen in recent years, especially for
term rates. At a minimum, buy enough insurance for your spouse
be able to live without a job until the children are old enough to
go to school. Go online and look for the best rate
I can find. You won’t even have to deal with an insurance salesperson.

8 SAVE ON CREDIT AND BANKING

Credit is a way of life today, and many of us are paying through
nose for trillions in unsecured personal loans on credit cards.
APRs can reach nearly 25 percent for store credit, and many
struggle to pay the interest, adding punitive years to the loan
finished.

Look for a low-cost debt consolidation loan or new credit instead
card with a zero percent introductory rate on purchases and
balance transfers. You can even change your loan from a card
to another as the free introductory rate expires. The key is to hold on
your level of payments, even when the required minimum falls. Doing this
will reduce most payment times by 20 years.

Competition means better banking deals, though you may need to
find a small bank for the best interest rates or lowest cost
by services Always pay attention to what your level of service is
will it cost you, how much does a box of duplicate checks cost, and if
accidentally bounces a check what is the overdraft fee and how
how much you will be charged for receiving a copy of your paper checks.

9 INVESTMENTS

Always make sure you get the interest rate you deserve by
the savings you have. The rate will depend on your level of
comfort when dealing with the Internet, telephone banking or if you need a
living person to treat. Online banks offer a higher interest rate
because they have less overhead than a traditional bank
cared for by living humans.

Check rates regularly – banks tend to be slower to raise your rates
payment rate than when the cost of borrowing rises. don’t forget about
maximize your IRA, 401k or whatever savings vehicle you have that is
tax deferred or tax free.

10 REDUCE TRAVEL EXPENSES

Using a website like http://www.travelocity.com can mean you save a lot
money when buying a package. The savings can be really huge if
is willing to shop online at the last minute. Compare prices
reasonably priced travel insurance – an annual insurance policy can
be cheap if you make several trips a year. Try to fly an airline that
is not in bankruptcy trouble, so you can be sure they will
you are probably still in business when you need to travel