Save Now For Later

Here are 7 everyday strategies to put more cash in your coffers

and Bennett have made everyday savings strategies a way of life. “I’ve become very, very frugal about how I spend my money,” says Britton-Parris. “I believe that any leak in your finances is bound to sink your ship. The more you look for ways to save, the more creative you’ll become.”

DO IT YOURSELF LOG ON TO SAVINGS

TIP MONTHLY SAVINGS ANNUAL SAVINGS
Save 50 cents a day in loose change $15 $182.50
Cut soda/pop consumption by 1 liter a week 6 72
At work, substitute 1 coffee for 1 cappuccino 40 480
Bring lunch to work (saving estimated $3/day) 60 720
Eat out two fewer times a month 30 360
Borrow, rather than buying, one book a month 15 180
Comparison shop for gas (save est. 25 cents/gallon) 4 48
Maintain checking account minimum to avoid fees 7 84
Bounce one less check a month 20 240
Pay credit card bill on time to avoid late fee 25 300
Pay off $1,000 of credit card debt, reducing interest 15 180
TOTAL

$237 $2,846.50
SOURCE: AMERICASAVES.COM AND B.E. RESEARCH

 

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