May 19

Young Professionals & College Students: How to save smart an Infographic Insight

Came across this interesting blogpost on Daily Infographics, it caught my attention primarily because I felt my book Millionomics: My Journey to Gaining Financial Freedom truly touches on all of these and other major smart savings strategies that I adopted in my life. It can be a valuable read for young professionals. As the article states too, Young people always want to be hip with the latest tech gadgets, but unfortunately we are also the age group with the least money and the most college debt. The goal of today’s infographic is to help you find a happy medium that allows you to maintain your lifestyle while saving you money. The American Institute of CPAs and the Ad Council created this Infographic as part of its national public service campaign, Feed the Pig to encourage millennials ages 25-34 to take control of their finances and make saving money a part of their daily lifestyle.

For starters, I’ve found that slashing cable and sticking with Netflix or some cheap web streaming service is a great way to save. I also love cooking my own food, I find it relaxing and its good to know exactly what I’m eating. Outside of phones, TV, and food, there is a lot of room to save in my opinion. Simply cutting out unnecessary items and being more frugal with your spending can produce results. Before I buy ‘wants’, I think about how badly I want it and how long it will last. A lot of money can be saved just by buying the right brand of a product. Good quality and cheap maintenance can save you tons in many products (cars, electronics, household appliances). Stay smart, save money: Take a sneak peak at this book and see what the most favorable and the most critical reviewers are saying about this book.

How to Live Well, Save Smartly

How to Live Well, Save Smartly

Apr 25

How to save over $400 – $600 each Month: A Simple Strategy

I am sure it is the title that attracted you to read through this article. Well, that’s predictable because each one of us wants to save money. I totally understand your eagerness to get to the heart of the matter, so here is the simple set of strategies you can use in your day to day life.

Cut Back on Takeaways

I know it does not seem very nice when someone hints at taking away the comfort of takeaways from you. But if you knew what I know about saving money by saying no to takeaways, you definitely would nod your head in agreement to this suggestion.

People have lots of time on their hands. Why else would they spend their time in researching, collecting and evaluating data about the amount of money you could save by avoiding takeaways for just 1 day of the week? If you are dependent on takeaways for your major meals of the day throughout the week (which is a rare possibility) and you decide to cook at home just once, then you can save almost $ 100+ per month.

Bundle Up Your Insurance Plans

Other than having to pay more for insurance coverage by opting for different companies for different kinds of insurance, you also have to deal with the hassle. Cut back on the stress and decide to provide some relief to both your mind and your wallet. Bundle up all your insurance coverage with a single provider and this should save you at least $ 30-50 per month.

Walk More Drive Less

Most of the households in USA are forced to keep aside a huge share of their monthly budget for car fuel. Seeing how fuel prices are shooting up, it helps to find ways and excuses to drive less and walk more. Avoid using the car for short distances and especially when you have time to take a walk. You could kill 2 birds with one stone- save money on fuel and boost your fitness.

Car Pooling

I figured that since fuel bills are the most expensive, it would be smart to include more than 1 way to save money on it. Car pooling is a method that I highly recommend due to many reasons. The top 2 are of course focused on saving. First of all you save money and second, you save the Earth by contributing lesser to the pollution.

Bundle Up Service Plans

It saves you at least $ 50-60 per month if you bundle up your phone, internet and cable service providers into one. You save almost $ 120-130 per month if you decide to avoid data usage. Maybe you could rely on Wi-Fi for your data needs until you have your finances in order?

Save Electricity

Switch off the electrical gadgets when not in use as opposed to leaving them on standby mode and switch to CFL bulbs instead of the regular incandescent ones. Buy energy efficient electrical appliances and you should save a few dollars each month on your electricity bill each month.

Shop for Discount Deals

There are discount offers and deals for every shopper who cares to look around. If you shop online, it becomes easier to keep track of the latest discounts and lowest rate offers.

These tips together should save you at least $ 400-600 a month.