7 August 2011
Here are some examples on how you can find that extra money to put towards your credit card debt. Some of these examples may not seem like a lot, but if you add them together, they add up to enough to help pay down your high interest credit card debt. If you can do all of the suggested tips, then you really can save up to $800.00 per month! Saving is not easy, and requires persistence, endurance, and a strong will! You will feel much better once you find the places to cut back, to help you pay off that credit card debt.
1) Hang dry your clothes: average for electric dryers is $.50 a load, for Gas $.25. Lets say you wash 3 loads a week electric: $1.50
x 4 6.00 per/month
2) Buy only one all purpose cleaner. You do not need 10- Example: (aprox. values prices found on Netgrocer (I listed their cheapest prices)
glass cleaner - 3.85 Borax $5.15
floor cleaner - 4.49 Vinegar and Water
Bathroom/cleaner - 4.59 for glass and more! .95
toilet cleaner - 3.19
total: $16.12 Total $6.10
A savings of $11.00
Cleaners that Borax can do:
Ant repellent 5.39
carpet stain remover $4.49
car wash cleaner 3.59
unclog drains 4.49
week killer 5.69
Total: $23.65
Grand Total: $39.77 every two months: $19.88 per month
Savings of: $33.67
3) Get rid of cable TV or switch to basic. $75.00 per/month (Comcast)
Basic cost $20.00
Savings? $55.00 per/month
4) Shop around for the cheapest car insurance. You may find quite a savings out there! Example: If your car is old and you do not get comprehensive: you can pay as low as $522 per year.
Premium plans cost anywhere from $1,000 per/year to $4,000 per year depending on your risk factors. By shopping around, you may be able to save up to $500 per/year or more. That is a $41.66 savings at minimum! Some polices can save you up to 50%.
5) Ask your mobile cell phone provider if they have cheaper plans for you. They will be happy to assist you in finding a better plan, but you need to ask if when you change your plan, they add another year to your contract. Then you need to weigh the value of adding another year to your provider. If your contract is about to finish, shop around for better deals, the cost are competitive and you may find that you can save quite a bit on your cell phone bill.
Example:
The average cost for a mobile phone is $50.00 per/month; Virgin mobile prepay is $25.00 per month for 300 talk minutes and unlimited data. This is a $25.00 per month savings.
6) Consider selling your car and buying a motorcycle...this saves on both insurance and on gas! A motorcycle gets an average of 56 miles to the gallon. The car gets an average of 25mpg. At the current average cost of gas at $4.00 per gallon, that could end up with quite a savings! Women can use motorcycles too, why not? Example: The average car holds 16 gallons of gas. You use one tank a week at the cost of $64.00 per week. You can drive 400 miles on that tank of gas. With a motorcycle you can drive the same distance for $28.74. That is a $36.00 per week savings! A savings of $144.00 per month (not including the insurance savings)
7) Quit eating and buying all junk food. Simply put, pre-made junk food costs more.
Example: Healthy Choice Chicken with Rice at $2.95 a 15oz can. Serves 2 people, but you will not get full and the product is all processed food and not really a full meal.
1 chicken (Organic) $6.99
bag of vegys (organic) $2.69
1 onion .50
Total $10.18
Now, use this chicken and cook it in your crock pot, remove 1/2 of the chicken and put it in a pan, mix your vegetables and cut up onion, throw in a little rice (.69 16 oz) That meal cost you: $6.68, BUT! You will have more than one meal, you can use the leftovers for your lunch at work, and another dinner (for two) Instead of getting just one meal, you now have 4 the real cost for you first meal (and the other three) is: $1.67
A savings of: $1.28 Now, you still have another 1/2 of a chicken to make another meal with as well. If you cook at home, quit buying pre-made foods and junk foods, you really can cut your food bill. If you spend $450.00 per month on food, you can reduce that cost down to $300.00 This is a $150.00 per month savings.
8) Sack your lunches. Simple. When you cook your meals, as in the example in number seven, take the extras to work. The average lunch is $7.00 per day the total per work week is: $35.00 per month: $140.00
9) Go out for dinner only once a week - The average dinner for two including one drink is $50.00. If you go out to eat three times a week you are spending $150.00 a week or $600.00 per month. If you cut that down to once a week, you will save: $400.00 per month. And...cut up your credit cards.
10) Change to florescent bulbs (if you can stand it) Or go, High Intensity light: Example: a 60 watt light bulb cost the average of $6.81 per month to use. A fluorescent bulb is $1.60 a HIL is $3.21
You have five 60 watt bulbs in your house: that is $34.05 per month. A florescent is: $8.00 per month A Savings of: $26.05 per month.
HIL- $16.05 a Savings of $18.00 per month.
Total possible Savings per month from these changes is: $867.59 per month!
Some of these ideas are in my 30 More Tips for Saving. I just put the main ones that will be easier to focus on and to show, what you can really do.
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