Tips, advice, and the latest news from the savings world.
New York Times writer John Tierney recently wrote about one man's resolve to lose weight and how he did it. It is an interesting look into how we need to use our willpower, which the article tells us is a real thing. Even though the article focuses on how to keep your resolution to lose weight, we can take the strategies presented and apply them saving money.
The article points out that you are already ahead of the game by just having a resolution. If you can continue working on your resolution past January you have an even better chance of success. Luckily, last week we presented our readers with a simple resolution. It’s a one-time change that you don’t have to work on month after month – increase your retirement savings by 1%.
January 17, 2012
By Kristina Wedseltoft, America Saves Intern
It’s a rainy day here at America Saves and I’m sure everyone has heard the expression “Save it for a rainy day”. Well have you been saving for a rainy day? Not many people put saving as a priority, but saving and contributing to an emergency fund are very important. To help you kick start your savings here are 5 money saving tips that can help you save for the next rainy day.
1. Cut down on phone extras
- Get back to basics and cancel services such as call waiting and caller ID.
- Drop your long distance services. Try Google voice or Skype with free domestic calls within the US and low rates for other countries.
- Reevaluate your calling plan and make changes to suit your needs.
2. Stretch your clothing budget
- Make sure you buy clothes that are versatile and easy to mix and match.
- Minimize dry cleaning by investing in machine wash materials and saving dry-cleaning for special occasions.
- Sell your unworn clothes at consignment stores or buy back retailers. For a few ideas of a store close to you click here.