25 ways to save an extra $1,000

willow_girl · #1 08/05/12, 09:50 AM

Good article! 25 Simple Ways to Save an Extra $1,000 - Yahoo! Finance

Probably a lot of us are doing a lot of these things already.

ronbre · #2 08/05/12, 10:04 AM

yeah most of those things I already do, and I really have very little anyone would want to buy so selling stuff is not likely, esp if I had to have a garage sale as I live in the sticks and just no one shows up.

I could save a few bucks here and there ..I know that.. esp when I buy things I shouldnt eat..but I"m learning (about time at 61)

Kathy in MD · #3 08/05/12, 12:15 PM

is that way i'm so rich.....i do about 20 of those things...

soulsurvivor · #4 08/05/12, 12:34 PM

The article is based on the assumption you have income. Not everyone does.

emdeengee · #5 08/05/12, 01:35 PM

All of these ideas are excellent and will help you to reduce your expenses which does mean a decrease in spending over the year. If you already do some or all of these things then you may not realize just how much you save a year -or rather just do not spend. It is only savings when you actually put it aside into savings.

The best way to save is to always pay yourself first. Take 10% from each pay (net) or income earned (selling a cow) and deposit it immediately into a savings account and then live off and pay your expenses off of the net balance. This grows your savings dramatically. If you get to the end of the money before you get to the end of the month and you have not put your savings aside before you spend for the month then you will never have savings.

Often people have already cut everything they can and are very frugal and still cannot make ends meet while including emergency savings. At this point the only solution is more income. Which is not easy but has to be done.

sss3 · #6 08/05/12, 01:36 PM

It's not that I think I can't learn more saving tips; but I read so many articles with things I'm already doing. Guess that's the price; which I'll gladly pay; of being frugal for so long.

squeak · #7 08/05/12, 02:18 PM

I do most of those things. Don't have a home phone, don't have cable, don't have a dryer. I've been using the air conditioners more than usual - July was hot! and the power bill is up $25 from last July. The big ones that I should be doing are quitting smoking and not eating out.

sisterpine · #8 08/05/12, 02:46 PM

I put ten percent into my emergency fund every month and then a few times a year it gets sucked dry by emergencies....but I dont have to borrow for the emergency so this is good! Hopefully I will soon stop having so many car breakdowns etc and my fund can grow better!

MO_cows · #9 08/05/12, 06:11 PM

The article mentioned raising the deductible on auto insurance, and that is good. But you might be able to go even farther and drop your coverage to "liability only". Once a vehicle gets so old, it just doesn't make sense to keep full coverage on it anymore. If it is totaled, even if it was a low mileage cream puff, you won't get what it was really worth to you from your insurance company. So if the book value of your vehicle is less than you have in savings or could come up with in a hurry, why pay for full coverage at all?