Spend Your Money Wisely

Looking for wise ways to save money?  Here are some ways to spend money wisely:

  • Drink tap water and pocket the $25.00/gallon monthly fee for bottled water delivery.
  • Shop your local farmer’s markets and prepare healthy meals at home to save money.
  • Survey your closets, see what clothes fit, and donate those you do not want to wear. Shop resale stores for bargains.
  • Cut transportation costs by using public services. Walk or ride your bike when possible.
  • Consider needs vs. wants – ask yourself if you really need a daily latte, premium cable, or a weekly manicure.
  • Go to local beauty/barber schools to get less expensive grooming treatments.
  • Visit your local library! Check out movies and books and read current magazines.
  • Barter to get your children piano, karate, or dance lessons.
  • Purchase prepaid phones to keep your family in touch and save on cell phone bills.
  • Delay your purchase. When you want to buy something, wait one week to see if you still think the purchase is really important.

Savings will come your way if you try some of these suggestions.

Susan

Susan Taylor

Susan Taylor

Resources are important whether you are looking to rent your first apartment, pay your bills, buy your first home or send your child to college. There are many ways to save money to reach your goals, and hopefully ISU Money Tip$ will be one of them. I enjoy traveling, needlework and am a novice gardener.

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Little Things Add Up

Have you ever paid attention to how much money you spend during a day? Do you make regular daily purchases, such as coffee or pop?

The little things add up quickly:

  • If a can of pop is$1.00, then a daily pop adds up to $365 per year.
  • If you eat fast food lunch each workday and spend $5 to $9, that totals $25 to $45 per week. As a monthly expense, that equals $100 – $180, and the yearly total is $1250 to $2250 (50 weeks).

You can trim your spending money by cutting back on cups of coffee or try more “brownbagging” for lunch.  If you decide to cut back or do without, you may save a lot of money!

Suggestion:  estimate your “little spending” by writing down your frequent expenses and estimating how often you make those purchases.  You may be surprised at the total. 

Here is an example:
Item              How often           Price            Potential savings/year
Magazine          1/week                 $5.00                $260.00

Try it for yourself – see how much you are spending on small stuff. See how much you can save.

Susan Taylor

Susan Taylor

Susan Taylor

Resources are important whether you are looking to rent your first apartment, pay your bills, buy your first home or send your child to college. There are many ways to save money to reach your goals, and hopefully ISU Money Tip$ will be one of them. I enjoy traveling, needlework and am a novice gardener.

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