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.