Cutting Monthly Spending by $500

Money Magazine has a good article on how to Cut your spending by $500 a month.  Many of the tips help benefit the planet while saving you money.  We’ve covered many of the tips in the past.

Some more interesting ones:

“Shop once a week. The more trips you make to the store, the likelier you are to buy on impulse because you see more tempting items. About two-thirds of purchases are unplanned; cut that in half to save $143 a month (if you spend $100 a week on groceries).”

“Go easy on dry cleaning. Cut the number of trips you make in half: 65% of clothes that are dry cleaned can be washed by hand or machine”

“Cut the cost of next year’s camp… Monthly savings up to: $297* … and other child-care expenses by signing up for a flexible spending account, a valuable employee benefit that hardly anyone uses.”

“Look, but don’t touch. In fact, maybe you shouldn’t even look. There’s a reason retailers lay out sweaters and shirts on tables like hors d’oeuvres: They know you won’t be able to resist touching them, and that if you touch them, you may not be able to resist buying them.”

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Posted on September 9th, 2009
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