Pay Cut, Cut Back: Simple Ways to Save

Sun, Jan 29, 2012

Budgeting

A great rule of thumb to follow: you receive a pay cut, now you must cut back. All the luxuries you relished before your bank account got smaller will have to end. You won’t miss them, the little things you enjoyed before can be replaced with other things:

Stop Memberships.
Common memberships are gym, tanning and massages. Most likely you pay a pretty penny for these luxuries. But be honest with yourself, you don’t need these things. If you are concerned about your health and the gym, take a look at your local YMCA for a discounted rate or use local parks to exercise. You are in complete control of your life and your decisions. Choose wisely.

Monthly Subscriptions.
Magazines are great and fun, when you have the money to spend. Save yourself a few bucks and cancel your monthly subscriptions. And remember that some magazines offer their issues online.

Eating out.
That little cup of goodness we call coffee, is costing you a fortune at your favorite coffee house. For example: A coffee from Starbucks will run you about $4.00 minimum which is equivalent to $16.00 a month, that’s almost $200 a year! Start packing your lunch and making dinner. Not only will it save you a few bucks but save you a few pounds. If you still need that fix of real food and bar vibe, hit up Happy Hours, they are your new friend.

Driving.
Gas prices aren’t coming down anytime soon. If you are in an area that has a reliable public transportation system, look into that. If not, talk with fellow co-workers or friends about carpooling. It’s better for your bank account and for the environment.

Monthly Bills:
Call your cell phone provider and go over with them the things you do and do not need. Don’t be afraid to ask, you would be surprised how accommodating carriers can be when they know you are on a budget. Cable, internet and home phone- Consider losing movie channels, long distance option on your phone; we have cell phones for that now. Also downgrading your internet connection speed will also lower your bill. Change your due dates. Depending on your pay schedule and when bills are due, it may be easier on your wallet to change due dates on bills.

A pay cut isn’t the end of the world. It just means you need to step back and reevaluate the things you are spending in your day to day life. Taking a closer look at your bills and your purchases will help save you money when it counts the most. Happy savings!

Author Bio:
This is a guest post from Laura Backes, she enjoys writing about all kinds of subjects and also topics related to internet providers in my area. You can reach her at: laurabackes8 @ gmail.com.

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